Reminder: Harvard consistently rates Asian students lower on personality traits like "likability", which is a part of their admissions process: https://www.nytimes.com/2018/06/15/us/harvard-asian-enrollme...
Suddenly someone with high scores and other non-technical skills can still be considered not well-rounded.
You should stop framing this in terms of White vs. X. This is misguided and largely a nomenclature issue which is now perverting the way people reason about these things.
What you perceive as "white" does not superpose perfectly with what the actual in-group perceives as white. It's a combination of ethnicity, cultural background, and social standing. The right combination opens a lot of door. Otherwise you are treated like a plebeian, with various degrees of aggressiveness.
If you want to see power, take a look at Harvard's rowing club and discreet but powerful positions of power their alumnis hold.
FAANG are the public facing massive corporations which everyone knows about. There are many more companies with clout and cash that no one talks about and who have their monopolies unchallenged, their position enshrined by regulation, and which are cash machines funding a particular establishment that no one ever talks about.