Governments around the world have rules about companies, salaries, taxes and so on.
There exist a large number of billionaires.
Therefore, assuming most of them follow the rules, the rules allow such a concentration of individual wealth.
I'm not against innovators getting relatively rich, that's often the incentive to innovate, or at least to push through the 'perspiration' part of that activity, but there should be balance.
I completely agree that the current rules at least allow such wealth accumulation, which if applied across 8 billion people means that many will choose that path.
Personally I think the existence of billionaires is a systemic failure, is morally suspect to say the least, and that such extreme inequality is bad for society and slows progress, ultimately.