So you might want to go back, find your most important parts of your song, pare it down to no more than three verses, and some choruses. Preferably two verses and a bridge. 

Country is VERY CONCISELY WRITTEN. Even throughout history, if you go back and listen to country music, you never hear more than about three verses. The shorter the better. There are aborattions of course, EL PASO by MARTY ROBBINS, or THE GAMBLER by Kenny Rogers, but almost all country music fell into a very short time frame. Most of Hank Williams songs were a little over two minutes. And the attention span for the public now is VERY VERY SHORT. 

So if you want to get to a "GOOD SONG" remember "Less is More." 

What you need to do is find your MOST IMPORTANT LINES. You don't have to describe EVERYTHING THE GUY OWNS. You don;t have to talk about his dogs, his cars, all his women, helicopters or do a tour through each of his houses. Putting just a couple of things in there to show he is wealthy is more than enough. With todays "continuous "lifestyles of..." reality shows, pretty much everyone has seen what the wealthy live as. 

The biggest question you have to ask yourself is "WHY?"
WHY are you interested in writing it? What is different about him that what we all see all the time, see on the news, have reality shows?
And WHY would the audience be interested in it? Aside from being rich, what is it that would be interesting to most people?

Look, you don't have to do anything. You can write it with fifty verses if you want to. I was responding to your comments about "Being a country song" and that is what I do know about. I also know about the modern tendency to simply tune longer pieces out. If you develop your own "Bob Dylan" following that eats up everything you do, that is more than fine. That is your niche. My comments are purely from a genre perspective. Country music is MUCH shorter, whereas decades ago, there were longer stories. but that faded out with people's attention spans. 

At any rate, as far as suggestions, I'd pick out the biggest elements you have that describe who this guy is, find an overview, telescope the action (shrinking it into a smaller space) and then find a reason to pull the listener in. By forcing yourself to write in only 2-3 verses, chorus, or possibly a bridge, it will make you not waste space, keep your information as tight as possible and deliver your overall message in a way that people can follow along. AS most publishers would tell you "DON'T BORE US, GET TO THE CHORUS." 

First of all, the times those songs came out were very different. The 60's bred a longer format of songs, called "the progressive" era.
They had experiemental and harder rock bands that pushed the radio and attention span format to encompass longer songs. When the "FM" band on the radio came out, end of 60's beginning of the 70's, that had very few commericals, were doing "Long playing" albums, that lasted 33 minutes, and of course it was the "drug era" so pepole just sat around the bong pipe, got stoned, and wanted songs to play on. There were also less radio stations, so people were focused on those songs. 
Before that era, starting in the 20's and going on, songs were a little over TWO MINUTES. Most of the Beatles songs tapped out at about two minutes and 30 seconds. I think that you can view the Beatles and see huge stories told in that time frame. Listen to "Penny Lane", "Yesterday" "Imagine" and you can find a complete "narrative" (story) told very clearly and very directly.

There was a longer format in story telling which were campfire or folk songs, but again, you have the actual songs that were not that long. You might have accompying guitar or instrument solos which extended the length, but the actual story part of the song was pretty fast. Something that you did have was A STRONG UNIVERSAL CHORUS that came around every thirty seconds or so that reminds the listener of what the song is about. This is a place that the audience could sing along to and are very easy to listen to.

Two of those songs come to mind, AMERICAN PIE and PIANO MAN, by Billy Joel. They do tell a story, but every thirty seconds there is the "SING US A SONG , YOU'RE THE PIANO MAN, SING US A SONG TONIGHT...." or
"BYE BY E MISS AMERICAN PIE, DROVE MY CHEVY TO THE LEVY BUT THE LEVY WAS DRY...."

In "WRECK OF THE EDUMND FITZGERALD" is is that line that comes around at the end of every verse. That reminds people of WHAT THIS SONG IS ABOUT. That is sort of what you are trying to do with your "Pat Batson" line. Which could be fine, but you have to fill in the "So What?" Part. What is it about "PAT BATSON" that makes someone want to listen to him except he is a rich guy?
Does he spend his money to help the homeless? Build a new empire? Take over the world? Or is he just a rich jerk that everybody hates because he is rich? Or is he a "Jeffery Epstein headed to jail?" 

In each case, especially "Fitzgerald" and "Bohemian Rhapsody," the artists were already well established before those songs came out. Gordon Lightfoot, had "SUNDOWN", "IF YOU COULD READ MY MIND LOVE..." Which were enormous international hits, and he had been a huge star for 20 years before that song came out. Same with Queen and Bo Rap. They were one of the biggest bands in the world, before they released that which was a strange song no matter how you look at it. But people LOVED QUEEN and Freddie Mercury could get radio to play the phone book if he wanted to.

Same with all of these "longer songs" that people quote when it comes to longer songs and verses. And to be honest with you, I don't think those songs would fly today. Radio is corporately controlled, and nothing past about 3:30 is even going to get close. Of course, every song is not a radio song, but all of this have shortened attention spans. So if you want to write a multi verse song, it limits your listener. But you can do what you want. 

Again, I am really talking more in a "genre specific" (American Country)  which is what you said from the beginning. You can do what you want, develop your own audience. But song length is something we all have to think about if we're trying to present songs to a listening public. And if you ever had to sit through a Nashville writers night, with 25-30 writers doing 3 songs each, and hear several of them talk for 4 minutes about "how I wrote this song about my dead hamster who died when I was eight years old and my Grandmother wouldn't let me get another one and flushed my goldfish down the toilet...." and then go for another 5 minutes on their 8 verse song about how their hamster died when they were eight years old when their grandmother flushed their goldfish down the toilet..." and repeat that 20 times, you would start to appreciate shorter songs. Especially if you watched your listening audience leave with each long droning. That's where the rubber meets the road. And the Internet is faster. 

So these are just some things to keep in mind when you approach music. "WHO'S GOING TO LISTEN TO IT?"