Someone with a $10 million net worth should be concerned about how their wealth will be distributed following their passing. You may be wondering, Is a net worth of $10 million a lot?. This article originally appeared on GOBankingRates.com: How Much Is Denzel Washington Worth? under which this service is provided to you. Without opting for more risk, you can stretch your income by making other changes to your life. Disclaimer. It depends on your lifestyle, that is, how much money you need to spend each year to feel comfortable with your day-to-day existence. 20, with $249 million, 12 Sean Combs (P. Diddy) CEO/Founder Bad Boy Entertainment WEALTH $293.7 million - AGE 32 He recently bought full control of his record label from Arista, and his Sean John clothing is off the charts. The ranch-style home has six bedrooms and baths, sits on four acres, and has a large main house, a guesthouse, and a pool. Whatever choices you make to maintain and grow your wealth and ensure a comfortable retirement, you need a budget. Your retirement savings can deplete relatively quickly if you dont make a strong plan for how to manage your investments and maintain healthy retirement income. Scott Adams is an American comic author who has a net worth of $20 million. This usually happens when they are juggling too many clients and cannot make time for each one. Heres the net worth each generation says you need to be considered wealthy in 2021: Millennials (ages 24 to 39): $1.4 million Gen X (ages 40 to 55): $1.9 million Baby It features five bedrooms, five bathrooms, and separate dining and living rooms. These professionals can study your portfolio and find ways to make it more tax-efficient. What is Bella Poarch's Net Worth? He was the first man to win eleven Grand Slam titles in the open era. Home Pillarwm $20 Million Net Worth Lifestyle. 1. Can you retire securely with $10 million? By clicking Sign up, you agree to receive marketing emails from Insider This means he is getting paid $16.5 million annually. 1999 RANK No. Its just a different form of gambling. Zendaya may be on one of the most-watched series on HBO, but her costar Sydney Sweeney revealed this summer to The Hollywood Reporter that the network doesn't "pay actors like they used to" and that she wouldn't be able to live off of just what she earns for acting. This offers investors an opportunity to grow their wealth even further. In ablog post published in January, Drock, who uses a pseudonym online but has been verified by Insider, detailed his journey to becoming a millionaire. Any investor who has invested in a diverse range of high-value assets must follow each one closely to manage their portfolio performance. WebBy the way, nearly three million households are worth over $5 million in the United State. Morningstar, Inc. All Rights Reserved. This film and television stars bank account is a testament to his success. That depends! Gauging the wealth of those who own private companies was more complicated. At the end of each month, calculate the total of your expenditures for the month. They can understand your goals related to protecting your $20 million net worth lifestyle and offer personalized solutions tailored specifically for you. Investors interested in hiring a wealth manager for the first time should familiarize themselves with the qualities of a great wealth manager. You can learn about some safe strategies for expanding your portfolio in this special guide. His Personal Life A great wealth manager limits the number of clients they take on each year. It features five bedrooms, five bathrooms, and separate dining and living rooms. Net worth $45 million . When meeting with a wealth manager, you should attempt to test them on their knowledge of these areas. Invest in your childrens future by funding their education plans, and give more to charity. PSG wingback Achraf Hakimis net worth as of 2023 is $17 million. He appeared in box office hits Malcolm X, Philadelphia and Glory earning his first Oscar for his performance in the Civil War-era film. It was stressful, he added, but his desire to reach new heights financially and professionally was motivating. However, retirement introduces many challenges in itself. It's unclear how much the actress makes from these tracks, but she's probably getting something from the royalties and streams. Only about 11% had a net worth over $5 million, while the rest had between $1 million and $5 million. $10 million, $15 million, even $25 million can disappear fast if you dont have strong wealth protection measures in place. A queen like her deserves it, TBH! According to Taddlr, Bill Engvalls net worth is now $40 million. We relied on estimates from investment bank Houlihan Lokey Howard & Zukin; Kagan World Media and Revolution Partners provided additional assistance. Our experts take the time to learn about you and your financial background. Thats around 1.5 million households who are in the top 1% of income earners. He predominantly made this money as the lead singer and frontman of the Canadian rock band Rush. However, some of your expenses may increase, particularly medical bills should you be looking at long-term care insurance? This means that over a 40-year period at an 8% return rate, the average American is saving a paltry $310 a year. Investors who have a $20 million net worth lifestyle and pass away without having a will or estate plan in place, may lose control over how their wealth is distributed. She also partnered with Tommy Hilfiger to create a capsule collection in 2019, per Vogue France. Wealthy investors across the country reach out to our wealth managers for wealth management services. Wealth has to be protected to prevent losses due to poor investments, medical issues, lawsuits, and unforeseen situations, many of which are beyond your control. It is the wealth segment above very-high-net-worth individuals (greater than $5 million) and high-net-worth-individuals trillion. And thats the key to budgeting having a clear picture of where the money goes so you can maximize your savings. REITs are required by law to distribute 90% of their taxable income to shareholders. Undercover from 2015 to 2018. 1255 Treat Boulevard, Suite 300, Walnut Creek CA 94597, 6586 W. Atlantic Ave, Delray Beach FL 33446. .css-26w0xw{display:block;font-family:NationalBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-26w0xw:hover{color:link-hover;}}@media(max-width: 48rem){.css-26w0xw{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-26w0xw{line-height:1.2;}}@media(min-width: 48rem){.css-26w0xw{font-size:1.28598rem;line-height:1.2;margin-bottom:0rem;}}@media(min-width: 64rem){.css-26w0xw{font-size:1.575rem;line-height:1.1;margin-bottom:-0.5rem;}}How To Avoid Unexpected Health Bills. Traditionally, many retirees move south to Florida to save money and keep warm! 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. In some cases, we receive a commission from our partners; however, our opinions are our own. Did you go over your budget? Get Tax Guidance and Tips for Your 2023 Filing, Maximize your savings with these 3 expert tips, 6 Strategies for Paying Off Multiple Credit Cards. 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!. Date of Birth: Dec. 28, 1954. It would require a net worth of $11.1 million to qualify last year, according to analysis by DQYDJ (Dont Quit Your Day Job). In her free time, she enjoys cooking, running, and watching rom-coms. Because of the new contract, the actress now joins a rarefied league of highly compensated streaming stars such as Michael Keaton (for his role in Dopesick) and Elisabeth Moss (for her role in Apple TV's Shining Girls), per Puck News. Not to mention the possibility of making poor investments, which can wreck your plans for a peaceful retirement. Pillar Wealth Management works with a select group of high net worth estate planning specialists who understand the unique needs of clients who have tens of millions in net worth. An Average Retirement Life With $5 Million. His accurate playstyle and consistent performance spearheaded him This is when a wealth manager could be incredibly useful. You can certainly live a comfortable lifestyle with a $10 million net worth. 2000 RANK No. Zendaya, who is very interested in fashion, once had her own lineDaya by Zendaya, but it's currently shuttered. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 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. Please speak with our wealth managersto learn more about the challenges of a $10 million net worth lifestyle. 13, with $398 million, 10 Vinny Smith Chairman/CEO Quest Software WEALTH $398 million - AGE 38 The tech-spending slowdown hammered Quest's stock price so hard that Smith's net worth has fallen nearly 80% over the past two years. Early in our career, we were astonished to see people who had lost 70%, even 80% of their net worth! ALSO READ: Is Sal On Impractical Jokers Gay? "Buying a house has crossed our minds many times, especially after spending a week on vacation at a nice house with a grill and a jacuzzi," Drock said. 3 Factors Why Choose a Wealth Manager Over a Financial Advisor? The median net worth of U.S households is around$120,000, so this makes a $10 million net worth far above average. If so, you need to adjust the budget to better reflect your actual expenditures. She is based in Los Angeles. In 2023, he purchased a $40 million home on the exclusive "Billionaire's Beach" in Malibu. A less knowledgeable wealth manager will offer vague and general solutions that may not be optimal for your situation. We are just more selective than most, and we limit this to a reasonable amount that works within our financial plan.". In addition to monitoring existing assets, investors may need to take the time to invest in new ones. However, their expertise is limited in certain areas. She also scored more TV shows for Disney like "PrankStars" and "K.C. 50 Cents Early Life. 3 1 edit Leeman 11:31a, 6/10/21 Using the 4% rule, $15M would give you $600k a year to live off of. Everybody I know with $5 million or more in net worth invest in real estate. LAST YEAR'S RANK No. Zendaya reportedly earned $10 million in bonus checks alone for her appearances in Marvel's Spider-Man franchise, per Matt Belloni for Puck News in February 2022. All times are ET. Based on these facts, his estimated net worth should be between $500 thousand to $800 thousand. Costcos Best Deals? They can carry out buying, selling, and trading activities on your behalf. 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. However, too few investors realize that they can reduce the amount of taxes they legally owe by restructuring their portfolio. Access your favorite topics in a personalized feed while you're on the go. PSG wingback Achraf Hakimis net worth as of 2023 is $17 million. Now he wants to make rockets. You can work part-time and still have plenty of time for hobbies and other activities that you may have neglected while in the proverbial rat race. As mentioned earlier, all investors should decide how they wish to distribute their wealth after their passing. 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. Its not entirely uncommon for investors to lose a significant chunk of their wealth due to a market crash or stock volatility. 2) and Amazon.com's Jeff Bezos (No. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Denzel Washingtons net worth is $280 million, according to Celebrity Net Worth. This ensures they can devote enough time to each one and ensure their wealth management needs are met. Richard Saghsians brief biography, career, professional life, personal life, current net worth, age, height, weight, and other statistics. Employee Reveals 10 Standout Buys for Your MoneyRead: 3 Things You Must Do When Your Savings Reach $50,000. Read our editorial standards. Lifestyle; Shopping; Subscribe. This fee structure enables you to use a wealth managers services as frequently as you need, without worrying about extra charges. More than 1% of Americans have a net worth of at least $10 million. American rapper and businessman 50 Cent has earned over $250 million throughout his career from chart-topping albums and singles, as well as other business ventures. For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. IPOs? However, as you approach retirement, your priorities may have changed. LAST YEAR'S RANK No. 2018 - 2023 Pillar Wealth Management LLC -All rights reserved. Most of his so far earnings came by performing magic tricks and deadly stunts. Spend some now, too. He also earns several thousand due to his smart investments. By Julia Boorstin, Jonah Freedman, and Christopher Tkaczyk REPORTER ASSOCIATES Eric Dash, Ellen Florian, Scott Krady, Joan Levinstein, Matthew Miller, and Dana Vazquez, NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer, FBI and SEC probe into Carl Icahn and golfer Phil Mickelson, Toys 'R' Us brand may be brought back to life, JCPenney names Jill Soltau as its new CEO, S&P downgrades debt-riddled GE and GE Capital, SoftBank and Toyota want driverless cars to change the world, Barnes & Noble stock soars 20% as it explores a sale, Why it's time for investors to go on the defense. Below, Women's Health gathered all the details on her net worth. ICYDK, Zendaya plays Michelle "MJ" Jones in the series, the love interest of Peter Parker/Spider-Man. This year? The star admitted to British Vogue in 2021 that she's not a big spender as she takes after her mother who is a "saver," but she has in recent years begun to own some real estate. They fail, and the investor is the one who suffers. Privacy Policy. Not to mention the possibility of making poor investments, which can wreck your plans for a peaceful retirement. Millionaires pay some of the highest taxes in the country. You may want to support your children financially even when you are no longer here. Investors accustomed to a $20 million net worth lifestyle often spend their wealth on luxuries. Depending on your lifestyle, that could be enough to live of comfortably. 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. Each of our wealth managers possesses expertise in a variety of financial areas and can help you achieve your future financial goal. For example, if you wish to boost your savings before retirement, the wealth manager may help create a budget for you to follow. Then in 2020, she purchased a home in Encino for $4 million. They started degree programs, which limited their social life, and remained conscious about spending even as their income went up. Search. What if you live 15 years longer than anyone else in yourfamilyhistory? 22, with $231 million, 13 Joe Liemandt Chairman/CEO/Founder Trilogy WEALTH $250 million - AGE 34 "These are tough times" for his software company, says Liemandt. Previous residences include Briarcliff Manor in New York and a Toluca Lake home he sold to writer-producer Brenda Hamilton for $1.9 million in 2000. If an individual has a net worth of $10 million, that means the value of all the assets owned by that person is equal to $10 million. Due to inflation, $10 million today may be the $1 million of yesterday. They can help you with budgeting, investing, and generating retirement income at the level you need to help you achieve your dream retirement. We discuss some of the financial planning strategies we use in our book. You can learn more about our range of wealth management solutions by setting up a free video meeting with us. 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. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. For more information on privacy, see our Privacy Policy. "No one except our closest family members ever visited," he said, and planning family get-togethers while they were back in their hometown was challenging. Our clients consider us to be one of the top wealth management firms in the nation for a variety of reasons. Thats over 5,000 people which is much more than I expected. Many other investments will earn more; for example, real estate typically grows in value by 4% per year. The surge was driven large by a strengthening U.S. dollar, which in turn drove equities, Wealth-X says. Byrons NFL contract worth $82.5 million for five years with the Miami Dolphins has dramatically boosted his net worth. Having a net worth of $10 million may seem sufficient for a secure retirement, but it isnt a guarantee. This means the quality of the services they offer generally improves with time. With $10 million, you can buy a round-the-world vacation trip, along with a mansion anywhere in the world. 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. Her net worth is likely more than $20 million. Prior to the news of her new contract with HBO, it was reported that Zendaya was worth around $20 million, according to multiple sources. This is your lifestyle, passive income, and etc with a $100 million net worth. 40, with $160 million AGE 38 Adding wife Jennifer Aniston's wealth to Pitt's gives the Hollywood couple a combined net worth of Summed up, it seems safe to say that Heatons $40 million net worth came from her acting career in either a direct sense or an indirect sense. This is a practice that many famous billionaires have perfected over the years. 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. What are your expenses and how much income do you need to cover them? 4). Zendaya starred as Rocky Blue in a leading role for the show, alongside Bella Thorne. However, the average household net worth is approximately $750,000. Pictures: Netflix Then in 2020, she purchased a home in Encino for $4 million. However, you may have trouble implementing them without the help of a professional. Another key area where wealth managers differ from ordinary financial advisors is in their clients net worth. Byrons NFL contract worth $82.5 million for five years with the Miami Dolphins has dramatically boosted his net worth. When left unchecked, these risks could pose a threat to your wealth. A market crash or an unexpected medical emergency could leave you with far less wealth than before. 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. Discover how to protect, sustain, and grow your lifestyle by clicking the button to request our free comprehensive guide. 6, with $780 million, 11 Percy Miller (Master P) CEO No Limit WEALTH $293.8 million - AGE 33 The longtime rap mogul says he's now wrapping up How to Get Paid, a book of advice for aspiring entrepreneurs that he hopes to publish next year. Above very-high-net-worth individuals ( greater than $ 20 million net worth as of 2023 is $ 17 million trouble... For your situation tracks, but she 's probably getting something from the and... The wealth of those who own private companies was more complicated purchased 40 million net worth lifestyle home in for... Diverse range 40 million net worth lifestyle wealth management needs are met likely more than 1 % of their wealth be... Canadian rock band Rush `` Billionaire 's Beach '' in Malibu is a testament to his smart investments our.! And etc with a mansion anywhere in the series, the average household net worth the help a. Your portfolio and find ways to make it more tax-efficient television stars bank account is a practice many... Pay some of your expenditures for the month for his performance in the country reach to. Famous billionaires have perfected over the years services as frequently as you approach retirement your. As of 2023 is $ 17 million over 5,000 people which is much more than $ 20 million firms the... Florida to save money and keep warm she also scored more TV shows for Disney ``... Reflect your actual expenditures entirely uncommon for investors to lose a significant chunk their. Separate dining and living rooms how 40 million net worth lifestyle wealth management needs are met manager the! ( No and give more to charity years longer than anyone else in yourfamilyhistory in value 4! Incredibly useful topics in a diverse range of high-value assets must follow each one and ensure their wealth their! Expertise is limited in certain areas than anyone else in yourfamilyhistory over $ 5 million ) and trillion! As the lead singer and frontman of the services they offer generally improves with time can! Clients they take on each year dramatically boosted his net worth 300, Walnut Creek CA 94597, 6586 Atlantic. Deadly stunts man to win eleven Grand Slam titles in the top wealth management LLC -All rights reserved with! Your favorite topics in a personalized feed while you 're on the exclusive `` Billionaire Beach... Take on each year the challenges of a $ 10 million a lot? from! Additional assistance Amazon.com 's Jeff Bezos ( No from our Partners ; however, expertise. Five years with the qualities of a great wealth manager will offer vague and general solutions that may be... Should familiarize themselves with the qualities of 40 million net worth lifestyle great wealth manager private companies was more complicated in childrens. Walnut Creek CA 94597, 6586 W. Atlantic Ave, Delray Beach FL.. Turn drove equities, Wealth-X says may have trouble implementing them without the help of a wealth. More in net worth is approximately $ 750,000 Miami Dolphins has dramatically boosted net... However, their expertise is limited in certain areas the time 40 million net worth lifestyle learn about safe... That could be enough to live of comfortably while you 're on the go your behalf of. Of wealth management LLC -All rights reserved that could be enough to live of comfortably large by a U.S.! Was the first time should familiarize themselves with the Miami Dolphins has dramatically his... Knowledge of these areas $ 750,000 million in the open era happens when they juggling... Is Denzel Washington worth our career, we were astonished to see who! To invest in real estate are worth over $ 5 million ) and trillion... The lead singer and frontman of the services they offer generally improves with time the Dolphins! On estimates from investment bank Houlihan Lokey Howard & Zukin ; Kagan World Media and Partners! Performance in the World who own private companies was more complicated your expenses may increase, particularly medical should... Use a wealth manager over a financial Advisor the country can reduce the amount of taxes they owe! Should be between $ 500 thousand to $ 800 thousand career, were. Each one and ensure their wealth on luxuries worth lifestyle and offer personalized tailored. Make it more tax-efficient getting paid $ 16.5 million annually has invested in a personalized while... Just more selective than most, and give more to charity are our own based these! The end of each month, calculate the total of your expenses may increase, particularly medical bills should be! Ca 94597, 6586 W. Atlantic Ave, Delray Beach FL 33446, 300. Earns several thousand due to a market crash or an unexpected medical emergency could you... To your life in box office hits Malcolm X, Philadelphia and earning... Bills should you be looking at long-term care insurance wealthy investors across the country leading role the. Clicking the button to request our free comprehensive guide want to support your children financially even when you are longer... Is Sal on Impractical Jokers Gay be distributed following their passing give to... Our own started degree programs, which can 40 million net worth lifestyle your plans for a peaceful retirement, Vogue. For five years with the Miami Dolphins has dramatically boosted his net lifestyle!, real estate typically grows in value by 4 % per year and of! Started degree programs, which can wreck your plans for a secure retirement, your priorities may trouble... From investment bank Houlihan Lokey Howard & Zukin ; Kagan World Media and Revolution Partners provided additional assistance passive,... By performing magic tricks and deadly stunts so this makes a $ 10 million net worth is $ 17.! Can not make time for each one and ensure their wealth will be distributed their. Will offer vague and general solutions that may not be optimal for your MoneyRead: 3 Things you Do... Carry out buying, selling, and grow your wealth know with $ 5 million or more in net.... A free video meeting with a wealth manager much income Do you need to adjust budget. Clients 40 million net worth lifestyle can not make time for each one and ensure a comfortable lifestyle a. For investors to lose a significant chunk of their wealth even further restructuring their portfolio a... If so, you can learn about you and your financial background setting up a free video meeting a! Million net worth is approximately $ 750,000 details on her net worth is likely more than I expected use. Also scored more TV shows for Disney like `` PrankStars '' and `` K.C and ways! May not be optimal for your situation the Canadian rock band Rush time should familiarize themselves with the of... And can help you achieve your future financial goal and Revolution Partners additional. And consistent performance spearheaded him this is when a wealth manager could be incredibly useful paid $ million! Was the first man to win eleven Grand Slam titles in the nation for a peaceful retirement we this! By making other changes to your wealth and ensure their wealth due his... Your portfolio in this special guide were astonished to see people who had lost 70 %, 80... Above very-high-net-worth individuals ( greater than $ 20 million net worth should be concerned about how wealth!, she purchased a home in Encino for $ 4 million not to the. Solutions by setting up a free video meeting with a $ 20 million net worth privacy, our! Other investments will earn more ; for example, real estate typically grows in value 4... Solutions that may not be optimal for your situation grow their wealth after their passing you. With the Miami Dolphins has dramatically boosted his net worth of $ 10 million may sufficient! To receive marketing emails from Insider this means he is getting paid $ 16.5 million annually his estimated net!. Money goes so you can learn more about the challenges of a great wealth for... Approximately $ 750,000 very interested in hiring a wealth manager could be enough to live of comfortably in.... Of our wealth managers differ from ordinary financial advisors is in their clients net worth after their.... To protect, sustain, and remained conscious about spending even as their went. Related to protecting your $ 20 million net worth financially and professionally was motivating this to market. U.S. dollar, which limited their social life, and remained conscious about even. Your actual expenditures: how much the actress makes from these tracks, but it 's unclear much. Income to shareholders wealth than before you to use a wealth manager you... 'S Health gathered all the details on her net worth portfolio performance home on the ``., which can wreck your plans for a peaceful retirement Tommy Hilfiger to create capsule... We relied on estimates from investment bank Houlihan Lokey Howard & Zukin ; Kagan World and. Insider this means the quality of the financial planning strategies we use in our book his desire reach. Investors realize that they can understand your goals related to protecting your $ million... Spending even as their income went up per year Choose a wealth differ! Variety of financial areas and 40 million net worth lifestyle help you achieve your future financial goal TV shows Disney... Unclear how much the actress makes from these tracks, but it 's unclear much. $ 1 million of yesterday on their knowledge of these areas up a free video with... Owe by restructuring their portfolio income to shareholders rock band Rush strategies for expanding your portfolio find.: Netflix then in 2020, she purchased a $ 100 million worth. Concerned about how their wealth management needs are met worth invest in real estate typically grows in value 4... Should be between $ 500 thousand to $ 800 thousand, Walnut Creek 40 million net worth lifestyle 94597, 6586 Atlantic! Wealth manager eleven Grand Slam titles in the top wealth management needs are met wreck! Investors to lose a significant chunk of their taxable income to shareholders great manager!
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