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This report uses the third wave of the Household Finance and Consumption Survey (HFCS) to analyse the distribution of household wealth in Austria. Special focus is given to the problem of differential nonresponse bias from which the Austrian survey data is most likely suffering. Taking Blanchet et al.’s (2017) and Blanchet et al.’s (2018) critique into account that reliance on type I Pareto distributions to correct the underreporting in the tail due to differential nonresponse relies on the restrictive assumption of scale invariance, this report presents a new approach. We fit a type II Pareto distribution to the data which allows for nonconstant concentration within the tail of the wealth distribution. We overcome the well known problems of fitting type II distributions to the data by adapting Castillo & Hadi’s (1997) elemental percentile method (EPM). Using this approach results in an increase of aggregate private net wealth in …