Status can be acquired through many routes, and each produces a different quality of standing.
Status through inheritance — wealth, name, position — places the holder near the top without requiring demonstration. It is real status, but it carries an asterisk the group never quite forgets. The holder is treated with deference, but the deference is for the inheritance, not the person.
Status through dominance is earned through the capacity to issue credible threats. The group complies because it has to. This form is fast to acquire and unstable to hold.
Status through wealth is granted because resources signal capacity and access. This form can be real or hollow depending on whether the resources track underlying competence.
Status through signaling is achieved by displaying the markers of higher position — clothing, association, vocabulary, taste — without the underlying substance. This works in unfamiliar environments and decays in familiar ones, because the group eventually distinguishes signal from substance. See also: Hidden Status Signals.
Prestige, by contrast, has only one mechanism: earned admiration over time. The group observes competence, contribution, and character across many circumstances and gradually elevates the person in its collective estimation. There is no shortcut. Performance, inheritance, dominance, and wealth do not produce prestige. They produce other forms of status, which are sometimes mistaken for it.
Research from evolutionary psychology, including work published in the Proceedings of the Royal Society Publishing, has documented that dominance and prestige operate as fundamentally different status pathways in human groups — built differently, maintained differently, and producing different patterns of cooperation.
This is why prestige is so much rarer than status. The mechanisms that produce other forms of status are accessible and exploitable. The mechanism that produces prestige requires sustained demonstration that most people are unwilling to invest in.