Elite (noun)

1. A select group that is superior in terms of ability or qualities to the rest of a group or society.
2. A group of people who by virtue of their wealth, education, and status, exercise a disproportionate amount of power or influence in a society.

Origin:

From the french word "élite" which is derived from the latin word "eligere" meaning "to choose".

Examples:

1. The elite athletes competed in the Olympics.
2. He is a member of the economic elite.
3. The country's elite attend private schools.
4. The elite group of scientists made significant discoveries.
5. The elite members of the society hold most of the wealth and political power.