Being wealthy has little or nothing to do with income.
Most wealthy people’s net worth is related to assets and capital gains, many of them file 1040s with little or no income.
I agree. Wealthy people often work because they enjoy it but the wealthy don’t work to “pay the bills” and can just live off the income stream produced by their wealth. I always equated being wealthy with the ability to increase one’s net worth over time while also living well on passive income.