I may be accused of nitpicking here but the Pareto Principle is, although related, distinct from the Pareto family of distributions.

I don't intend to derail the conversation so, rather than typing out an explanation of obscene length, I will refer all interested parties to the following:

Pareto Principle https://betterexplained.com/articles/understanding-the-paret...

Basics of Pareto Distributions https://actuarialmodelingtopics.wordpress.com/2017/05/21/par...

https://subversion.american.edu/aisaac/notes/pareto-distribu...

Example of some limitations in the application of Pareto Distributions https://arxiv.org/pdf/physics/0504217.pdf