WDAY.com

WDAZ: Your Home Team

Published January 17, 2014, 08:03 PM

North Dakota has fastest growing rate of millionaires in the country

With the Western North Dakota energy boom in full swing, the state now has the fastest growing rate of millionaires in the country.

With the Western North Dakota energy boom in full swing, the state now has the fastest growing rate of millionaires in the country.

In 2012, the state ranked 43rd in number of millionaires per capita, according to a study by Phoenix Marking International. In 2013, North Dakota jumped to 29th.

The bakken oil patch is credited with much of the new money coming into the state. North Dakota added 1,800 new millionaires out of nearly 300,000 households. Nationwide, one in 20 households has more than one million dollars in invest-able assets.

Tags: