It's not backwards. We can and do label people as powerful before they do things because we know that they can. The POTUS is powerful because he can do things like bomb things (legally and illegally it turns out) and pardon people. Elon is powerful because he can buy companies, media platforms, and politicians. I, as a regular person, have no where near this kind of power or influence. I have at best a diluted power where I can vote, or decide not to buy from certain companies, but that's about it.