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The fact that people perceive the billionaires to be the problem
and not the society, and in particular the government which allowed that to happen in the first place
is, in my view, not a good starting point to effect change.
I believe it's mainly main character syndrome. Like when we play a game like GTA, you care more about your own stats, progress and wealth, and maybe that of other players, but couldn't care less about most of the NPCs, and that gameplay dynamic seems attractive to most people.
Another way to look at it is the higher up on the perch you are, the more everyone else looks like ants. You probably won't intentionally leave some sugar for the ants, but if they get a few you don't mind.
As for the richest of the richest of the rich, they need to stay influential for various evil reasons.
It's a pissing contest. Who has the biggest number on their account.
For power, that's all they want
"Sometime around the 80's. Next question."
Why hoard money?
When the fountain of youth is discovered, it's gonna be expensive.
Found the original, it's from Tumblr: https://www.tumblr.com/blog2g/176805334897/decayinginfrontofme-why-do-rich-people-need
How many yachts can you ski behind?