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Big Gainers and Losers in Millionaire Ranking for 2013

January 21, 2014

Big Gainers and Losers in Millionaire Ranking for 2013

Oil Boom Propels North Dakota Up 14 Points In Phoenix Marketing International’s 2013 Ranking of Millionaires Per Capita by State 

Rhinebeck NY – January 16, 2014 – Phoenix Marketing International, a global marketing services firm, today released their annual ranking of millionaires per capita by state.  The new results from their Global Wealth Monitor, a service that tracks affluent and high net worth households in the U.S., Canada and Europe, shows an unusually high number of states that moved up and down in millionaire rankings in 2013.

In the midst of its oil boom, North Dakota was the leader at minting millionaires in 2013, moving to #29 in the Millionaire Ranking, up from #43 in 2012.  Other big gainers in 2013 were Maine (up 11 points to #25) and Louisiana (up 10 points to #32).

Nevada lost the most ground in the 2013 Millionaire Ranking, falling 20 points to #39.  Other big losers were Arizona (losing 13 points to fall to #34); Florida (-10 points), Michigan (-10); and Idaho (-10).

Maryland maintained its top spot again as the state with the highest percentage of millionaires per capita.  There were some changes in the other top five states: New Jersey and Connecticut each moved up one spot (to #2 and 3 respectively), while Hawaii fell two places to #4.  Alaska moved into the top 5 for the first time, while Massachusetts moved down to #6.

“The high net worth, households with $1 million or more in liquid wealth, now number some 6.1 million households in the U.S.”, says David Thompson, Managing Director of the Phoenix Global Wealth Monitor.  “The high net worth represent only about one-quarter of the affluent household population but control nearly three-quarters of the liquid wealth in this country” continued Thompson.

Phoenix computes its data on the size of affluent and high net worth U.S. households on a mid-year to mid-year basis.  To download the latest Millionaire Ranking report from Phoenix, please click here.


About the Phoenix Global Wealth Monitor

The PMI Global Wealth Monitor (GWM) provides ongoing intelligence on the attitudes, behaviors and needs of affluent and High Net Worth consumers to leading organizations in the U.S., Canada, and Europe.



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Phoenix Marketing Contact:

David Thompson

Managing Director

Global Wealth Monitor


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