The Wealth Gap Among Millionaires Says a Lot About Inequality
Pool/Getty Images There's a wealth gap among very high net worth individuals, per a new Wealth-X report. Those worth $15 million to $30 million make up just 16% of that cohort, but account for double the wealth. It shows just how concentrated wealth really is at the top, and how stark inequality is. Even millionaires have a wealth gap. One out of every 10 millionaires has a net worth between $5 to $30 million, which Wealth-X defines as "very high net worth" (VHNW) individuals in its annual report. But the wealth among this wealthy class is lopsided. Two-thirds ...