Mad sort out high status (7)
I believe the answer is:
stardom
'high status' is the definition.
(stardom is a kind of high status)
'mad sort out' is the wordplay.
'out' indicates an anagram (out can mean wrong or inaccurate).
'mad'+'sort'='madsort'
'madsort' is an anagram of 'STARDOM'.
(Other definitions for stardom that I've seen before include "Status of a top actor" , "wide renown" , "(The prestige of) celebrity" , "Celebrity status" , "Great fame" .)