The world is not meritocratic
Most people think the world is meritocratic. 84 % of people in the UK believe that hard work is essential for getting ahead, and 69 % of Americans believe that people are rewarded for intelligence and skill.
Although this view is widely held, it is demonstrably false. Talent and the capacity for determined effort depend on one's genetic makeup and upbringing. Fortuitous circumstances figure into every success story. There are programmers as skilful as Gates who failed to become the richest person on Earth. Many have merit, but few succeed. What separates the two is luck.
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