Take someone like Gates. He is a famously immoral businessman. Kildall once remarked that he had the urge to keep one hand on his wallet and the other on his source code listings when in Gates' presence. Yet Gates also has an interest in the human condition, something he has backed with both influence and money. I have no doubt that his rationale behind these interests differ from his less wealthy kin, but that is not sufficient reason to disregard it just because of his wealth. Now contrast that to someone like Musk. He has arguably done more for the environment by actually getting electric vehicles into mass production and he has arguably done more for science (without actually doing scientific research) through financing the development of launch vehicles. That said, it is doubtful that he has any form of grasp on reality. His morality appears to be of the sort where a pacifist wouldn't trust themselves in Musk's presence.
Anyhow, I've forgotten where I was going beyond that. Hopefully it is enough to illustrate that wealthy people have different values and that wealth should not be used as a metric of their values. That said, I'm not sure that I've convinced anyone (even myself), that some wealthy people have sensible values.
The question is: is he enabling them, or are they enabling him? I suppose it could be working in both directions. That said: while the "elite" were problematic before his second rise to power, they were also more constrained.
I also have some question as to who the elite are? Certain individuals are more prominent these days, while others have faded in the background. While it may feel good to apply a singular label to the wealthy (or any other group we disagree with), they are not a single ideological entity. It's probably more beneficial to align ourselves with those who agree with us, rather than alienating them based upon a metric that is only tangentially related to their values.