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This is the particularly infuriating/hilarious part.
Here's a graph from a 2016 meta-analysis of what contributes more to your mid/late life overall socioeconomic status, the general wealth of your society (shared environment, C), your particular wealth and social status at birth/childhood (nonshared environment, E) or, your assessed IQ (genes, A).
This is for the US, and measures variance, the variability of how important those factors are.
As you can clearly see, red line go up.
What this means is that the wealthier you are, the more of a total crapshoot it is whether you are a genius or a moron.
Reality is the exact opposite of how idiot rightoids believe it to be, and how the smarter ones project onto everyone else as a means of social control / gaslighting / propagandizing:
The correlation between wealth and intelligence gets markedly worse, the wealthier a person you are looking at.
(I can find the link for the paper again if you wanna read through it, be warned though it is pretty stats heavy)