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His wealth is mostly imaginary. If he actually moved to solidify any significant portion of it, it would all collapse as its tied up in very few companies.
When he was at a listed value of 200 billion he had to get 20-30 other groups and governments together for the whole twitter takeover. Which should have been easy for him at the time based on his net worth alone.
It doesnt really matter if he can get 200 billion in cash right this instant. His theoretical net worth is enough to get him the influence and power that comes with that kind of money.
I am absolutely not saying that he can't get enough money up to fuck everything up.
But most of his wealth is Tesla stock. Recall that when he sold only $10 billion of it, the price tanked.
He is only worth $200+ billion if you don't look at it hard.