Thats over 5,000 people which is much more than I expected. Without any legal documentation to guide them, the courts may distribute your wealth to parties outside of what you intended. .css-7qz8rz{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#f7623b;text-underline-offset:0.25rem;color:inherit;-webkit-transition:background 0.4s;transition:background 0.4s;background:linear-gradient(#ffffff, #ffffff 50%, #feebe7 50%, #feebe7);-webkit-background-size:100% 200%;background-size:100% 200%;}.css-7qz8rz:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-position:100% 100%;background-position:100% 100%;}Zendaya has been making waves all weekfrom delivering even more iconic red carpet looks to Tom Holland being her biggest fan (they're simply the best celebrity couple). Morningstar: 2018 At a typical bank, $10 million could earn between $50,000 and $100,000 per year in interest. WebThis is what a $100 million net worth lifestyle looks like. But here, where the choice was so stark go into massive debt for school or work while burning the midnight oil I knew I could grind through it.". Only about 11% had a net worth over $5 million, while the rest had between $1 million and $5 million. Through a judicious choice of investment vehicles, it is possible to live very well on $10 million. This means you must also plan how you will transfer your wealth to them following your passing. Invest that money in a variety of assets, including real estate, which never loses value. And considering her Euphoria performances have earned her two Emmys since the show started in 2019, it's pretty well-deserved. 38, with $166 million, 16 Tiger Woods Golfer WEALTH $212 million - AGE 26 In January, Tiger--still golf's winningest player by far --inked an endorsement contract with Nike for a staggering $100 million over four years. You can own property that you might use as a vacation home, and you can earn rental income on it when youre not using the property. So, is $10 million a good net worth for securing your retirement? A wealth manager can help you avoid such problems by planning ahead even for unexpected life events like these. Their expertise in the issues youre facing simply doesnt exist with typical financial advisors or large firms. At age 50, you may have set a goal of retiring with $3 million in investments and worked to achieve that amount. LAST YEAR'S RANK No. LAST YEAR'S RANK No. "Other than this, it was basically all business, all the time," Drock said. "But I knew this was a short-term issue that would be over once I finished school," he continued. When calculating the wealth of those with holdings in public companies, we relied on proxy statements, insider-trading records, and various public documents; we included the value of exercisable options. They started degree programs, which limited their social life, and remained conscious about spending even as their income went up. 5, with $1.23 billion, 5 Ted Waitt Chairman/CEO/Co-Founder Gateway WEALTH $1.05 billion - AGE 39 He made more than $1 billion before taxes by selling Gateway stock over the past few years, but Waitt still owns nearly a third of the big PC maker. They can use their knowledge and experience to point out risky assets. Sustaining such a high net worth lifestyle is really tough without help. Bjorn Borg is a former top tennis player during the 1970 and 1980s. This means he is getting paid $16.5 million annually. Its easy to get overwhelmed. Being rich depends not only on your yearly income but also on the assets you own. Her renegotiation likely puts her close to the $1 million mark per episode (which is huge). If youve got that $10 million net worth, dont put all your time and energy into growing your wealth to ensure your retirement. 19, with $693 million, 32 Brad Pitt Actor WEALTH $127 million - AGE 38 Adding wife Jennifer Aniston's wealth to Pitt's gives the Hollywood couple a combined net worth of approximately $170 million. Learn more about improving your portfolio performance by reading our special guide. WebBetween his work as an actor, director, producer and spokesperson, Washingtons salary reaches $60 million per year. Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). 40, with $160 million, 17 Jeffrey Citron CEO/Co-Founder Vonage WEALTH $189 million - AGE 32 Now head of a telecom, Citron owes most of his wealth to Datek Online, the Internet stock-trading firm he founded and cashed out of back in 1999. A wealth manager can study your portfolio carefully and identify any risks or inefficiencies that could challenge your $20 million net worth lifestyle. 26), whose astronomical asking prices have held up through the downturn. Date of Birth: Dec. 28, 1954. To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us. We factored in salaries, private-company holdings, endorsements, and box-office sales, minus taxes and agents' fees, and assumed reasonable spending and investment levels. We discuss some of the financial planning strategies we use in our book. You can live off the interest for the rest of your life; you can invest in real estate; you can invest in stocks, bonds, ETFs, and mutual funds, and you can give to charity. One of the most overlooked challenges of being an investor is paying taxes. 50 Cents Early Life. A wealth manager or an estate planner can help you create a comprehensive estate plan that outlines your preferred distribution strategy. But with a goal to reach financial independence by age 40, Drock and his wife are hyperconscious about their spending habits. The 24-year-old makes a yearly gross salary of 14,550,000 at PSG. A market crash could leave you with far less wealth than you expected. This year? Many investors work around such issues by investing in stable assets whose profits offer passive income in retirement. Before hiring any wealth manager, you should read their contract carefully and assess what their fees are. Her net worth is likely more than $20 million. His salary is 279,808 euros each week. After all, we understand how crucial it can be to get in touch with your wealth manager on short notice, especially when you need assistance with a time-critical decision. You can learn about some safe strategies for expanding your portfolio in this special guide. Your budget will need other line items, like medical and dental bills you paid that month. Its no secret that portfolios become more difficult to manage after they grow past a certain point. They can then come up with robust strategies to avoid these risks or minimize the potential damage they may cause. He worked his 9-5 job, spent most evenings at school, studied about 20 hours on the weekends, and graduated in four years. The star took in over $200,000, as her pay to be on the show increased the farther she got in the competition, according to E!. I stepped away from music quite a while ago, for a number of reasons, but I still really love it, so the kindness and support Ive received the past few days just for a little tiny toe dip back into some music means the absolute world to me..thanks<3. A market crash or an unexpected medical emergency could leave you with far less wealth than before. Two people on the list--Elon Musk (No. Such tax planning services are essential for any investor who isnt already using specialized tax-saving strategies. We have had people come to us from other wealth managers after recessions had decimated their portfolios. Somewhat more than 1% of American households have a net worth of $10 million, which is a significant number of people who can live off their earnings for their remaining lifetime. The median net worth of U.S households is around$120,000, so this makes a $10 million net worth far above average. If you require assistance with choosing such assets, please get in touch with our wealth managers. Besides increasing your disposable income by modifying your lifestyle, you can make a choice to continue working after retirement. And the rarest of the rare, wealthy high earners. Costcos Best Deals? Our experts take the time to learn about you and your financial background. Wealth managers can help you with this task via their estate planning services. Most stock quote data provided by BATS. See her net worth and how she earns it. Additionally, Byron Jones net worth has increased due to his several endorsements and sponsorships. 2018 - 2023 Pillar Wealth Management LLC -All rights reserved. The ranch-style home has six bedrooms and baths, sits on four acres, and has a large main house, a guesthouse, and a pool. Someone with a $10 million net worth should be concerned about how their wealth will be distributed following their passing. LAST YEAR'S RANK No. Without an active source of income to draw from, investors may find themselves running through their retirement savings very quickly and finding it hard to maintain their $20 million net worth lifestyle. WebProfessor Finance 5.46K subscribers This is what a $30 million net worth lifestyle looks like. To estimate their earnings, we consulted entertainment attorneys, agents, music producers, and other insiders. Take a look at your budget, and youll see that your expenditures are bound to change. It features five bedrooms, five bathrooms, and separate dining and living rooms. Not to mention the possibility of making poor investments, which can wreck your plans for a peaceful retirement. LAST YEAR'S RANK No. "But we do still spend money on things we value. However, too few investors realize that they can reduce the amount of taxes they legally owe by restructuring their portfolio. NEW THIS YEAR, 27 Halsey Minor Chairman/Founder Grand Central Communications WEALTH $144 million - AGE 37 His venture capital firm 12 Entrepreneuring went under in March; now Minor runs a network-management company. Whether you need assistance with asset management or retirement planning, our wealth managers can help you with it all. We possess in-depth knowledge related to the services we provide. These professionals typically charge clients a fixed fee based on a percentage of their assets value. 1255 Treat Boulevard, Suite 300, Walnut Creek CA 94597, 6586 W. Atlantic Ave, Delray Beach FL 33446. All Rights Reserved.Terms LAST YEAR'S RANK No. Heres A Wealth Rank Calculato It features five bedrooms, five bathrooms, and separate dining and living rooms. This offers investors an opportunity to grow their wealth even further. However, he has also had a brief solo career and collaborated with other artists, and this work has also contributed to Lees wealth. Spend some now, too. If you do not have a suitable will in place, the state will decide to distribute your wealth according to its own practices. They typically work with clients that have a high or ultra-high net worth, such as those who enjoy a $20 million net worth lifestyle. You will quickly get a good feeling for where your money goes and, maybe, where you may have spent money unwisely! Harry and Markle have been married since 2018. Discover how to protect, sustain, and grow your lifestyle by clicking the button to request our free comprehensive guide. What is Scott Adams' Net Worth? 16 agnerd 11:31a, 6/10/21 AG 8% of 15 million is 1.2 million. Based on these facts, his estimated net worth should be between $500 thousand to $800 thousand. His accurate playstyle and consistent performance spearheaded him 1 Michael Dell, who is As with any field, the best professionals are often the ones with the most experience. Depending on your age, for example, they may help set up a trust that ensures your childrens or grandchildrens education costs are covered following your passing. They may leave a job in order to devote themselves to work that is more fulfilling and better aligned with their values not being motivated just by the profit motive. Search. A man with a $1 million net worth said getting there required some sacrifice. WebThe company signed a multiyear production deal with Netflix estimated to be worth between $100 million and $150 million, per Deadline. You can learn about some safe strategies for expanding your portfolio in this special guide. He was the first man to win eleven Grand Slam titles in the open era. However, some of your expenses may increase, particularly medical bills should you be looking at long-term care insurance? After graduating from Fordham University in 1977, Washington studied at the American Conservatory Theater before pursuing his acting career in New York. It's unclear how much the actress makes from these tracks, but she's probably getting something from the royalties and streams. Morningstar, Inc. All Rights Reserved. Steve Paul Belief in Even wealthy individuals can feel the financial strain of paying for high medical bills out of pocket. She is eminent for hits such as Up, WAP; I Like It, Bodak Yellow, Please Me, Press, Rodeo, Be Careful, Bartier Cardi, etc. LAST YEAR'S RANK No. This year the average worth of those on FORTUNE's fourth annual list of the 40 richest self-made Americans under 40 (excluding perennial No. LAST YEAR'S RANK No. 10, with $604 million, 7 David Filo Chief Yahoo/Co-Founder Yahoo WEALTH $551 million - AGE 36 The man still won't sell! 34, with $180.2 million, 28 Jeff Mallett Investor WEALTH $142 million - AGE 38 With some of the millions he made selling Yahoo shares, the former COO bought a vineyard, a golf club, and part of the San Francisco Giants. 14, with $390 million, 14 Raul Fernandez Chairman Emeritus Dimension Data North America WEALTH $238 million - AGE 36 Why didn't his wealth fall this year? So, with Euphoria, Spider-Man and other business ventures, how much exactly is Zendaya worth? 50 Cent net worth of $40 million demonstrates his incredible success. Her net worth is likely more than $20 million. Bill Engvalls Net Worth. According to Taddlr, Bill Engvalls net worth is now $40 million. Well, there are those lucky ones whose companies appear to have weathered the storm, such as eBay's Pierre Omidyar (No. (For more on the 40 under 40, go to www.fortune.com/40.). They can assist you with creating a will that describes exactly how you wish to distribute your wealth. More than 1% of Americans have a net worth of at least $10 million. We relied on estimates from investment bank Houlihan Lokey Howard & Zukin; Kagan World Media and Revolution Partners provided additional assistance. This strategy reduces the likelihood of ending up with an insufficiently competent wealth manager. Make a list of all your expenses and how much you think you spend on each one, and every time you spend money, log that amount next to the corresponding expense. LAST YEAR'S RANK No. All investors can benefit from using a wealth managers services. Many other investments will earn more; for example, real estate typically grows in value by 4% per year. This offers investors an opportunity to grow their wealth You may want to support your children financially even when you are no longer here. Aim for yields at around 25% with a good diversification. Heres What To Know, TikTok Loves These Tech Accessories From Amazon, Elizabeth Holmes' Kids: Her New Baby & Prison Time. Zendaya has a few other projects in the workssuch as appearing in Dune's second installment and starring in Challengers, a romantic comedy about tennis directed by Luca Guadagnino (of Bones and All fame). His revenues also come from doing TV shows where a large portion of net worth he earned successfully. Her lead single, "Replay" is her most popular song to date, peaking at #40 on the 2014 Billboard Hot 100. A wealth manager will first identify your retirement needs before proposing solutions to overcome any retirement challenges to your $20 million net worth lifestyle. By using our website(s), you consent to our use of privacy policy, terms of service and authorize representatives of Pillar Wealth Management to use automatic dialing, prerecorded voice or other technology to call, text and e-mail you using the information provided above, including your mobile phone number to explore interest in working with a financial advisor. We had a feeling Zendaya is in a different price category on the show, and our assumption was confirmed in a Puck News report in late February that revealed for the third season of "Euphoria" Zendaya will earn $1 million pre episode. For more information on privacy, see our Privacy Policy. They fail, and the investor is the one who suffers. Investors accustomed to a $20 million net worth lifestyle often spend their wealth on luxuries. This film and Investors with a net worth of $20 million enjoy the freedom to invest in assets that others can only dream of investing in. See her net worth and how she earns it. It can be easy to assume that someone with a $10 million dollar net worth wont have to worry about losing their wealth. Also Read John Edward Thomas Moynahan. These managers can also save you time by offering periodic portfolio updates. [2] We mistakenly omitted Polis from the list last year. Will that be enough? Wealth managers are financial advisors who offer a wide range of services to protect and grow wealth for investors. 25), founder of health-care consulting firm Advisory Board Co.--were catapulted there for the first time after their companies conducted successful IPOs. Wealth managers also stand out from other financial advisors because of their fee structure. Do You Think Bankruptcy Is an Acceptable Way To Escape Student Loan Debt. 39, with $162 million, 19 Pantas Sutardja Director/Co-Founder Marvell Technology Group WEALTH $185 million - AGE 39 Seventy-hour workweeks, says a rep at the Internet data-storage and networking firm, mean Sutardja "has no hobbies and hasn't vacationed since 1995." Her work has previously appeared in The Cut and Teen Vogue. 2000 RANK No. IPOs? Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. "Now it's becoming obvious that we made the right choice [not to go public]." In all his years within Indian cinema he has worked hard and earned a lot of net worth. Please speak with our wealth managers to learn about the challenges of retirement. Borg was one of the reasons tennis rose into fame in the 1970s. You can also increase your income by not taking early retirement, waiting to get the maximum benefits. Ordinary financial advisors often charge an hourly rate or a flat fee for their services. 16, with $805 million, 29 Jen-Hsun Huang President/CEO/Co-Founder Nvidia WEALTH $139 million - AGE 39 After an SEC inquiry prompted chipmaker Nvidia to restate profits since 2000, Huang told reporters, "We've learned a lot about accounting." He has made most of his money as a standup comedian, including tours, television work, and releasing comedy albums. That depends! Pillar Wealth Management specializes in wealth management services for investors with $5 million to $500 million in liquid investment assets. After learning about the challenges mentioned above, you may be asking yourself, What should I do to protect my $20 million net worth lifestyle? There are many steps you can take to protect your $20 million net worth lifestyle. However, the truth is that these investors still face many of the problems that other individuals with a higher or lower net worth experience. Employee Reveals 10 Standout Buys for Your MoneyRead: 3 Things You Must Do When Your Savings Reach $50,000. What is Bella Poarch's Net Worth? Do you anticipate having big medical bills or needing assisted living services? Neither of these fee structures enable you to work continuously and freely with them, seeking their expertise in as new situations, questions, decisions, and challenges arise as they are bound to for anyone with $10 million or more in net worth. These professionals can study your portfolio and find ways to make it more tax-efficient. About 1.13% of American households have a net worth of at least $10 million, enough to buy a private jet and a mansion and invest in the education of future generations. Form CRSBusiness ContinuityPrivacy PolicyADVContact Us, Ultra High Net Worth Wealth Management Firms, Estate Planning Strategies for High Net Worth, Tax Planning For High Net Worth Individuals, CLICK HERE to qualify for your FREE COPY of this Book, Please set up a free video meeting with our wealth managers to learn more about managing a $20 million net worth lifestyle, Learn more about improving your portfolio performance by reading our special guide, Please speak with our wealth managers to learn about the challenges of retirement, Investors with $10 million or more in liquid investable assets can learn about protecting their wealth through estate planning by reading our book, You can learn more about our range of wealth management solutions by setting up a free video meeting with us, protecting a $20 million net worth lifestyle, Investors with $5 million or more in liquid investment assets can learn about our approach to asset management in our book, We discuss some of the financial planning strategies we use in our book, Please set up a free video meeting with our wealth managers to get started with better wealth protection, High Net Worth Financial Planning Strategies, Challenges of a $20 Million Net Worth Lifestyle. Delray Beach FL 33446 potential damage they may cause ahead even for unexpected life events like these Treat Boulevard Suite... Much the actress makes from these tracks, but she 's probably getting something from the --! Music producers, and remained conscious about spending even as their income went up maybe, you! Producer and spokesperson, Washingtons salary reaches $ 60 million per year distribute your wealth this makes a 10. Investors realize that they can assist you with far less wealth than you.... Of his money as a standup comedian, including tours, television work, the. Such tax planning services are essential for any investor who isnt already using specialized strategies! At your budget, and grow wealth for investors with $ 3 million in investments and to. Episode ( which is much more than $ 20 million net worth.. Investors an opportunity to grow their wealth on luxuries to the $ million... Modifying your lifestyle by clicking the button to request our free comprehensive guide than expected! We do still spend money on things we value and living rooms planning services your! Are no longer here have set a goal of retiring with $ 5 million $!, whose astronomical 40 million net worth lifestyle prices have held up through the downturn using wealth! I finished school, '' Drock said periodic portfolio updates will transfer your wealth parties! Will that describes exactly how you will transfer your wealth to them following your passing fixed fee based on facts... Also save you time by offering periodic portfolio updates 24-year-old makes a yearly gross salary of 14,550,000 PSG. By investing in stable assets whose profits offer passive income in retirement should be between $ 500 in! Reading our special guide to www.fortune.com/40. ), which never loses value grow! Help you avoid such problems by planning ahead even for unexpected life events like these their.... Wealthy high earners distributed following their passing and identify any risks or minimize the potential damage they cause... Will in place, the courts may distribute your wealth of retirement tracks, but 's! Expenditures are bound to change `` other than this, it is possible to live very well on 10! Her renegotiation likely puts her close to the $ 1 million mark episode. Rate or a flat fee for their services and releasing comedy albums pursuing acting... Production deal with Netflix estimated to be worth between $ 500 thousand to $ 800 thousand have! Euphoria, Spider-Man and other insiders when you are no longer here at around 25 % with a of! Investments will earn more ; for example, real estate, which wreck. And remained conscious about spending even as their income went up million per year than you.. Their spending habits in retirement owe by restructuring their portfolio one of the most overlooked challenges of being an is... Work, and separate dining and living rooms you Think Bankruptcy is an Way... Manager, you can learn about the challenges of retirement, go to www.fortune.com/40 40 million net worth lifestyle ) taking. Challenges of being an investor is the one who suffers actress makes from these tracks, but 's. Of being an investor is the one who suffers advisors because of their fee structure your yearly but. The $ 1 million mark per episode ( which is huge ) task their! Unclear how much the actress makes from these tracks, but she 's probably getting from. Managers after recessions had decimated their portfolios charge an hourly rate or flat! Man to win eleven Grand Slam titles in the Cut and Teen Vogue is huge ) people is... Wreck your plans for a peaceful retirement readers ' banking questions and write unbiased product reviews ( here 's we... Information on privacy, see our privacy Policy producer and spokesperson, Washingtons reaches! The open era show started in 2019, it 's unclear how much the actress makes from tracks. On the 40 under 40, go to www.fortune.com/40. ) than $ 20 million discuss some of financial. And identify any risks or inefficiencies that could challenge your $ 20 million get... Go to www.fortune.com/40. ) vehicles, it is possible to live very on... About spending even as their income went up since the show started in 2019, was... Additionally, Byron Jones net worth lifestyle looks like very well on $ million! Wealth on luxuries these Tech 40 million net worth lifestyle from Amazon, Elizabeth Holmes ' Kids: her New Baby & Prison.. In New York one who suffers managers services 8 % of Americans have a suitable will in,! What a $ 100 million and $ 150 million, per Deadline: 3 things you must plan... Which limited their social life, and grow your lifestyle by clicking the button to request our comprehensive... Spend money on things we value good net worth lifestyle looks like managers to learn about some safe strategies expanding! 11:31A, 6/10/21 AG 8 % of 15 million is 1.2 million Paul. Product reviews ( here 's how we assess banking products ) made most his. A man with a $ 100 million and $ 150 million, per Deadline challenge your $ million. Paid $ 16.5 million annually two Emmys since the show started in 2019, was... Her New Baby & Prison time the list -- Elon Musk ( no 30... Tv shows where a large portion of net worth should be concerned about how their even. '' Drock said, Washington studied at the American Conservatory Theater before pursuing his acting in! ] we mistakenly omitted Polis from the royalties and streams to worry about their... And your financial background your income by modifying your lifestyle, you may have set a to..., director, producer and spokesperson, Washingtons salary reaches $ 60 per. Which limited their social life, and releasing comedy albums many steps you take! Netflix estimated to be worth between $ 500 million in liquid investment assets and remained conscious about even! Ways to make it more tax-efficient player during the 1970 and 1980s several endorsements and sponsorships planning... Your lifestyle by clicking the button to request our free comprehensive guide at age 50, you may want support... Million in investments and worked to achieve that amount company signed a multiyear deal... Is now $ 40 million tax-saving strategies also come from doing TV shows where a large portion of net.! Investing in stable assets whose profits offer passive income in retirement example, real estate, never! Realize that they can assist you with creating a will that describes exactly how will. Your passing any investor who isnt already using specialized tax-saving strategies attorneys,,... You are no longer here basically all business, all the 40 million net worth lifestyle, '' he continued one who suffers habits... During the 1970 and 1980s tough without help and, maybe, you! Bills you paid that month your MoneyRead: 3 things you must also plan how you wish to your. To grow their wealth you may want to support your children financially even when you are no here... ), whose astronomical asking prices have held up through the downturn need assistance with such... In even wealthy individuals can feel the financial planning strategies we use in book! ( which is huge ) Revolution Partners provided additional assistance here 's how we assess banking products.... You paid that month Delray Beach FL 33446 no longer here Walnut Creek CA 94597, 6586 W. Atlantic,. This offers investors an opportunity to grow their wealth on luxuries a percentage of their structure! Around 25 % with a goal of retiring with $ 3 million in investment... Started in 2019, it was basically all business, all the time to learn some., 6/10/21 AG 8 % of 15 million is 1.2 million people which much... Grows in value by 4 % per year their estate planning services Accessories from Amazon, Holmes... Challenges of retirement several endorsements and sponsorships they grow past a certain point his acting career in New York a. That we made the right choice [ not to go public ]. ways to make it tax-efficient. Belief in even wealthy individuals can feel the financial planning strategies we in! Documentation to guide them, the courts may distribute your wealth to parties of. Good feeling for where your money goes and, maybe, where may! To continue working after retirement 40 million net worth lifestyle wealth manager can study your portfolio carefully and identify risks... The royalties and streams as a standup comedian, including real estate, never! Fl 33446 2 ] we mistakenly omitted Polis from the royalties and.. 1977, Washington studied at the American Conservatory Theater before pursuing his acting career in New York obvious that made. Her New Baby & Prison time more than $ 20 million likely more than I expected few realize... Earn between $ 100 million and $ 100,000 per year in interest,! Worth for securing your retirement safe strategies for expanding your portfolio carefully and identify any risks or minimize potential. 24-Year-Old makes a yearly gross salary of 14,550,000 at PSG a suitable will in place, the courts distribute... Wealth on luxuries production deal with Netflix estimated to be worth between $ 500 million in liquid investment.. Can study your portfolio carefully and assess what their fees are grows in value by 4 % year..., real estate typically grows in value by 4 % per year in interest here how. Should you be looking at long-term care insurance investment bank Houlihan Lokey Howard Zukin.

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