There’s a wealth gap even between millionaires, and it says a lot about growing inequality

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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 of the VHNW class (about 1.7 million people) comprise the cohort’s lowest wealth tier of $5 million to $10 million, per the report. But those in the upper two tiers — the $15 million to $20 million range and the $20 million to $30 million range — represent just 421,170 people, details ⇒

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