They certainly consider themselves outside of society. Even the sociopath billionaire equivalents of the early previous century had beaten into them the understanding of civic duty and charity, so they built schools, libraries, and hospitals. Today’s billionaires have none of that other than a desire to lighten their tax load and donate in self-serving ways. They are truly parasites on society, they leech off of everyone and cause far more harm relative to the absolutely minuscule few jobs they might create - and even then the jobs only serve to make the billionaire richer.

It's easier to think of them as Lords and Ladies ruling by birthright.