great power and high status
Abstract noun referring to the combination of authority and elevated social rank. Mostly found in historical or literary contexts.
In that era, very few people attained great power and high status.
person of power and status
Concrete noun for an individual who holds both authority and high rank. Also rare and literary.
He was known as one of the powerful and high-ranking figures of the time.
crony capitalism
Compound of 権 (authority, power) and 貴 (precious, noble). The exact historical derivation is uncertain; the spelling is conventionally associated with the meaning of power and high status.