Various modern figures such as the chair of the Federal Reserve in the United States, the prime minister in parliamentary systems, the president of the Swiss Confederation, the chief justice of the United States, the chief justice of the Philippines, the archbishop of Canterbury of the Anglican Communion and the ecumenical patriarch of Constantinople of the Eastern Orthodox Church fall under both senses: bearing higher status and various additional powers while remaining still merely equal to their peers in important senses.
This is still relevant today as the political form of Republicanism is still present nowadays.