The correct view is that the verse is broader than this. It includes children, wealth that he acquired but no longer possesses, and the honor and status he attained. Nothing he acquired that increased him in honor and prestige will avail him in the least:

“His wealth did not avail him, nor what he earned.”

“He will burn in a Fire of blazing flame.”

The prefixed letter sīn (s) in “he will burn” marks futurity, conveying the event’s certain reality and imminence. In other words, Allah Most High threatened him that he would soon burn in a Fire of blazing flame. However long worldly enjoyment and life in this world may last, the Hereafter is near. Even for those in the barzakh (intermediate realm), though many long years pass over them, it will seem like no more than an hour:

“As though, on the Day they see what they are promised, they had remained no more than an hour of a day. A proclamation! Will any be destroyed except the defiantly disobedient people?” [al-Ahqāf: 35]

Anything measured as a single hour of a day is near.

“And his wife—the carrier of firewood.”

That is, his wife will likewise enter it with him. She was one of the noblewomen of Quraysh, but her noble lineage availed her nothing because she joined her husband in hostility and sin and persisted in disbelief.

The phrase “the carrier of firewood” has been recited in both the accusative and the nominative. In the accusative reading, “carrier” is a circumstantial qualifier describing “wife”; that is, “and his wife, while she is a carrier of firewood.” Alternatively, it is accusative by way of condemnation, since a modifier severed from its noun may be placed in the accusative to express condemnation. The implied meaning is: “I condemn the carrier of firewood.” In the nominative reading, “the carrier of firewood” is an adjective modifying “wife.” The form “carrier” is intensive, meaning that she carries it a great deal.

It has been mentioned that she used to carry firewood full of thorns and place it in the path of the Prophet—peace and blessings be upon him—in order to harm the Messenger—peace and blessings be upon him.

“Around her neck is a rope of fiber.”

The word jīd means “neck”; the meaning of “rope” is well known; and masad means “fiber.” In other words, she would wear a fiber rope around her neck and take it into the desert to bind the firewood that she brought back to place in the Prophet’s path. We seek refuge in Allah from that. This indicates how low her sights were and how she demeaned herself—a woman of Quraysh from one of Quraysh’s foremost clans—