You are certainly correct it is working for them - the concentration of wealth is getting worse and worse.

[edit 1: added the below]

I don't think the best idea in the room wins - the most persuasive person's idea usually wins.

[edit 2: added the below]

Harvard's endowment in 2022 was apparently $50.9 billion.[1]

[1]https://www.usnews.com/education/best-colleges/the-short-lis...