I've never gotten a clear definition on what it means in a red pilled context. I typically hear this in terms of fame and its weird to assume women would think a guy is attractive just because he has fame.

"But he gets more pussy/attention when he becomes famous!"
Because more people know him. Cast a wide enough net and you're bound to catch something.

"But there are women who'd fuck guys just because they're famous."
You mean gold diggers? They want a man's money, not his clout.

Unless status means something else, I can't imagine the typical woman cares about fame that much.