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At one point he was just the typical tech oligarch failson who was sort of just quietly awful behind the scenes while collecting accolades for other people's work and getting fluffed up by credulous tech "journalists". He managed to grift some successful contracts using that publicity and his PR team leveraged it into more and more bullshit hype for businesses he owned and he just failed upwards over and over.
Even after he had a midlife crisis and started just doing lots of drugs and showing his whole ass on twitter all day every day he still had all that inertia and machinery of hype and graft behind him to feed him more and more wealth and power despite anything he actually did. He had to actively piss off enough people that that system started clogging and breaking down to even suffer the most mild of consequences. Hopefully it keeps going and everything he had and has falls apart so he can't just go back to a quietly parasitic existence like most other tech oligarchs.