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After the first few millions, being rich doesn't give you any satisfaction from material gain. You simply cannot consume that much more.
So being rich does not become about what you have, but how much more you have compared to everyone else. By preventing other people from having their needs fulfilled and living a good life, you can make your own life better relatively speaking.
It is the attitude of a toddler that wants to have the toy of his brother, and kicks screams and fights for it, but once he has it he throws it away and wants the other toy his brother is playing with.
Most of these people are psychopathic toddlers and the only safeguards against them is to limit how rich people can become. Because at some point it will always be about making other people worse off, since they maxed out what they could possibly make use of for themselves.