The problem is that risk has become an absurdly exponential factor of increasing wealth where hard work is at best only additive. Risk should not take the value that you provide and raise it to the power of 10 just because you might have failed.
For whatever reason, society seems to value risk-taking 10x more than it values work. Just look at the replies in this thread. People are actually arguing that founders deserve their megawealth because at some point they risked something, and that employees do not deserve it, regardless of how much they work, because they didn't risk anything (although I would argue that employees #1-4 risk a hell of a lot more than most founders).