The most common and most likely answer to this crossword clue is the 8 letter word BARONETS
I've seen this crossword clue in The Daily Telegraph
B
A
R
O
N
E
T
S
More clues leading to the result BARONETS
Buddy explains!

The straight part
We know that "Entitled people" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case entitled people = baronets.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BARONETS mean?
BARONETS noun- A hereditary title, below a peerage and senior to most knighthoods, entitling the bearer to the titular prefix "Sir" (for men) or "Dame" (for women) which is used in conjunction with the holder's Christian name. It is inheritable, usually by the eldest son, although a few baronetcies can also pass through the female line.