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He's probably been surrounded by gold digging women and hanger-ons and other dumbass rich assholes for all of his life, so I'm quite sure he has no real idea of where he really ranks without his (alleged) wealth.
I mean there's defintely a high amount of generic spoiled rich kid self-important indoctrination in the foundation bricks of his identity. But he's also a classic clinical narcissist. He can never acknowledge the flaws, for sure. But he copes with them still. He compulsively deflects any criticism, accusation, or insults onto others. He pathologically boasts about anything and everything with absurd distortions and lies. And he surrounds himself with opportunists who will kiss ass for a bit of his power and influence as well as genuine sycophants, not just to have a legion of yesmen, but also to be flanked on all sides by people propping his ego against the very justified and real hatred of him from the entire world.
If he weren't so insecure, he wouldn't be throwing insults at people. They're a direct compulsive reaction to someone making him have to see a flaw in himself. And his favorite insults just so happen to be things that he's demonstrated himself. Ugliness, fatness, being unintelligent, nastiness, etc. He is incapable of seeing and of accepting those flaws, so it's not like he consciously thinks he's fat, ugly, or whatever, because he can't. But those are the things that hurt him most subconsciously, so he uses them on others.
I like that Kimmel fired the "quiet piggy" thing right back at him:
https://www.stuff.co.nz/world-news/360895775/jimmy-kimmel-tells-donald-trump-quiet-piggy-after-president-claims-he-has-no-talent