Excellent question.

Looking at the current situation doesn't add a lot of clarity but it is worth trying anyway. Most of the non-tech "elites" that I observe don't actually seem to be aware of the exponential advance of technology. They act on individual developments when they think they can make money on them but for the most part, they plan and act as if the way things are is the way things will always be.

The tech "elites" appear to be distracted by other things. They want to go to Mars or cure disease or develop the next big social media site. We don't actually know what it will take to get the attention of either group.

According to what gets developed when, there is a solid chance that money will become largely obsolete. Humans will be able to have anything they could possibly want whenever they want it. Work will be done by robots. I have no idea how elites might maintain that status. I know they will want to but what will the medium of exchange be?

Politicians and/or would be kingmakers. will try to pass laws that keep them in power but about the time a Manufactured Intelligence is certified as a judge, that sort of behavior might bet more difficult.

As an aside, I have a difficult time believing that it could be as long as 5 years from the time AGI is obvious/imminent and the time it is pervasive. This is important because corporations are a bit like aircraft carriers in that you cannot turn them on a dime. It will not be possible, even with hundreds of billions of dollars at hand, to restructure a Berkshire Hathaway, a Goldman Sachs, a Meta or Alphabet, a Booz Allen, to take extreme advantage of whatever comes up.