Catholics and Wealth

The Catholic Church and its members, especially the clergy, emphasize a life of poverty. However may Catholics are very wealthy especially within the Strake Jesuit community. Are these members sinful just because of their wealth? Shouldn't all Catholics live in a life of poverty? Doesn't it say in scripture, it is easier for a camel to pass through the eye of a needle than for a rich man to enter the gates of heaven?
Wealth in itself is not sinful, nor is the pursuit of it. However living a life of excess, living beyond your means, and an improper mindset are sins. In ordinary circumstances those with extra wealth are called to give away the excess. Wealth is not a sin, but too much of it is.