Do rich people buy Gucci?

Excuse me, but I couldn't help but wonder - is it true that wealthy individuals tend to purchase items from brands like Gucci? Is there a correlation between financial success and a preference for high-end luxury goods, particularly from brands that are synonymous with exclusivity and sophistication? I'm genuinely curious to understand if this is a common trend or merely a stereotype, and if there are any specific factors that drive such purchasing decisions among the affluent.