Right-wing conspiracy theorists are vaguely aware that one ruling class seems to control everything, but they're too stupid and/or stubborn to admit that this ruling class is exactly who socialists have always said it was: rich people.
That's why they invented their own definition of the ruling class, which is composed of "globalists", scientists, woke activists, bankers, and celebrities. And yes, a lot of this is code for "Jews", because it can't be stressed enough that the right-wing conspiracy theorist world is intertwined with Nazism.
The term "globalist" does a LOT of heavy lifting for them. It's sufficiently nebulous that any influential person they hate can be defined as a "globalist", while the people they like are never defined as "globalists" even if they literally have international business empires, as Trump does.