I'm sure sociologists have a name for this, but to me it represents people who have a big hole to fill regarding self-worth. By believing they accomplished something because they are extra-uniquely special is a way to try to fill that hole.
If you take a formerly successful person and have them start over, their stature (titles, money, contacts) can often give them starting benefits that can indeed make their following ventures successful - or at least more likely successful than if they had started with little more than their skills.
There are old, wealthy people who have made a life out of repeating "successes". Some find their way into positions of great global power, and they unfortunately believe they know more than anyone else (and will state such without any shyness).