Trim tech billionaire's status (7)
I believe the answer is:
echelon
'status' is the definition.
(thesaurus)
'trim tech billionaire's' is the wordplay.
I cannot really understand how this works, but
'billionaire' could be 'elon' (tech billionaire Elon Musk) and 'elon' is present in the answer.
This explanation may well be incorrect...
Can you help me to learn more?
(Other definitions for echelon that I've seen before include "Degree" , "Grade or level" , "series of steps" , "position in society" , "Level or rank in a group" .)