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Maryland has highest concentration of millionaires in U.S.

Maryland is for millionaires, according to wealth research firm Phoenix Marketing International.

Its annual list ranking states by millionaires says 167,287 Maryland households, or 7.7 percent of all households have investable assets of $1 million or more, the highest concentration of millionaires per capita in the nation.

It is the third consecutive year Maryland has ranked No. 1, bumping Hawaii from the top spot in 2011.

Virginia ranks No. 7, at 6.64 percent of all households. When the District…

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