The issue is a bit more... circular than that.
Certain things, certain ventures, need more money than that. And in a free, capitalist society you want people to be able to achieve such goals and ventures.
Problem is, once you pool that wealth into a company (the very meaning of the word, like companion, meaning "together", or more literally "with others, in a multitude"), imbalances will occur. What if you start it out as a group of 5, each putting in a billion, then the company, without employees, becomes successful, but due to how it worked out, one person was the main brain behind the success so they get a bigger share? Suddenly the company is worth 25 billion, 15bn belonging to the genius, and the rest having 2.5bn stake. How do you regulate that?
Also what if that money is truly for operating costs, because this company is setting up a brand new town, so they're literally paying dozens of construction crews, establishing shops and whatnot for people to use once they move in, and so on? Do you just take any excess wealth away?
Or do you let them continue operating knowing full well that someone in the company will try to use the operational funds as their personal bank account?
The idea of a wealth limit in an optimal society is good, but in our current imperfect crap, it's never going to work, because it will put limits to what we can achieve in general.
Mind you I do agree that billionaires shouldn't exist and should be taxed out of existence but that's not done with a wealth ceiling.