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Maybe, maybe not. Which has been my point the whole time you'll notice. The inertia. People of historically put up with the crazy ass dictator the whole time. Why? Same reason we I'll put up with nonsense in our daily lives, it's easier. People like stability. Your scenario is just one possibility, but it's by no means a guaranteed possibility.
You're not wrong, necessarily, but I do believe a lot of people would get really violent really fast if some asshole billionaire showed up with threats and a shock collar. Especially if they are armed and trained.
I'd rather take my chances living rough, tbh. I feel like that'd be more stable than living under some nutcase with a button to press.
I really don't think very many, if any, people Elon would pay for post-apocalyptic bunker security would be sycophants. Paid security usually isn't. And the type of people who love Elon would not make for good security.
Most authoritarian regimes generate revenue that can be distributed among the people who keep the regime going. If you kill the dictator, you would have to take over the operations to keep the money flowing. However, if there's a total breakdown of society, then the dictator has a big treasury, but no income. So the guards have a choice between either getting a small cut of the treasury each month, or killing the dictator/billionaire, and taking all of the treasury for themselves.