“I wasn't involved at all [in South Florida] until the financial crisis, and because I was in reasonably good shape in 2008, I had money for investment purposes. How he made his money: Inherited a real estate fortune, diversified into broadcast television. In 1996, he founded Boca Resorts. His hands-on investment in Sears has produced disappointing results. Many of these 25 success stories are familiar to the South Florida public, including longtime locals Miami Heat owner Micky Arison, the CEO of cruise giant Carnival; serial entrepreneur H. Wayne Huizenga; and activist and auto dealer Norman Braman. Enter 2021 startup pitch competition. Shutterstock founder could judge your business. “I tell young people just starting out to work hard, learn everything they can about the business and find a mentor to help guide them and expand their thinking. Real-time updates and all local stories you want right in the palm of your hand. Realtor Jill Hertzberg said that for some homebuyers, profit potential is a major lure. He earlier netted $7 billion when Access Industries liquidated its share of Russian oil production venture TNK-BP, according to Forbes. The second generation of family management proved impressive. The youngest billionaire in the world is a 19-year-old Norwegain heiress, Alexandra Andresen, who has a 42% stake in her family’s business. The story: Jorge Pérez, 64, transformed the South Florida skyline during the high-rise condominium building boom before 2008, and his development company Related Group survived the bust that followed. Where he lives: Indian Creek (off Miami Beach). But Trump rarely seems to be vacationing in South Florida, where he has been an active real estate developer and redeveloper. Afterward, she did some minor roles in other films. Huizenga acquired video rental company Blockbuster Entertainment, rolled up similar companies in an early-1990s acquisition spree, and ultimately sold Blockbuster in 1994 to entertainment conglomerate Viacom for $8.4 billion. Keep up with local business news and small business advice. Huizenga put his money behind another waste hauling company, Republic Services, which diversified into auto dealership acquisitions, then changed its name to AutoNation in 1999 and subsequently sold its waste-hauling business. Tom Ford. MIDWEEK - Living Free with a Sea Huntress. New York Stock Exchange-listed Lennar stock recently was trading at share prices around $39, about 11 percent below its 52-week high of $44.40. Young Prince Charles Net Worth Rappers. How he made his money: Netted billions of dollars by selling his share of a chemical maker and an oil production venture. Search in title. Ansin earned his undergraduate degree at the Wharton School of Business and Finance. The Fisher family which launched the company 50 years ago, has had their net worth reduced by $1 billion over the past year as the company's stock continues to … ELECTRIFY MAG: Kimi Werner: The Freediver and Champion Spear Fisher Opens Up About the Environment and Conquering Fear. CampdenFB, a publisher focused on family businesses, ranked Rich among the 50 top family-business leaders in the world in 2012, noting that the annual revenue of Rich Products had grown to $3billion from $28million when the founder’s son joined the company. Lampert sometimes serves on the board or in the management of companies in which ESL owns large equity stakes. ... For us, it’s been easy to attract talent. Persistence and determination alone are omnipotent.”. In a New York Times obituary, the newspaper noted that Ted Arison was widely regarded as the “godfather of the modern cruise industry.” Carnival has faced operational adversity in recent years, and its net income has declined in the last two consecutive fiscal years. Pérez preserved Related Group by renegotiating its debts and diversifying its business. read article . I owe all to the openness of this community and the generosity and acceptance of the people that live here.”. Despite their diverse sources of wealth, the 25 wealthiest South Florida residents are undiversified in two other ways: gender — all are men — and race. Realtors and condo developers aren’t the only South Floridians to benefit from these deep pockets. Where more than one name is listed under a number, there is a tie. Movies. The Harvard MBA holder is founder and chairman of Access Industries, a privately held industrial group that owns businesses in natural resources and chemicals, media and telecommunications, and real estate. “I am now a huge enthusiast for South Florida,” LeFrak said. “Although the standard of living in other countries will improve and thereby raise the cost of labor there, they will always be able to do it less expensively. The net worth fluctuates every year. The story: John W. Henry, 65, got rich in commodities trading, rich enough to allow him to buy the since-renamed Florida Marlins baseball team from Wayne Huizenga for $150 million in 1999. Source: Diversified business ventures, especially a vodka promotion deal with supplier Diageo. In 1989, the company made a successful switch from manufacturing to distribution. Ansin set Channel 7 apart in other ways as well, notably his 1989 decision to run WSVN as an independent station after losing his affiliation with the NBC network and refusing to sell the station as part of a conditional deal to affiliate Channel 7 with the CBS network. There are no rebills. Frost became co-chairman of Teva shortly after its 2006 acquisition of Ivax. He has been chairman and CEO and a major shareholder of the Miami-based public company since 2007. Franklin was managing $846 billion of assets just before Johnson retired. Where he lives: New York. The story: Edward S. Lampert, 52, founded the hedge fund company bearing his initials in 1988. You can’t sit back in business; if you sit back, you fall back,” Braman said in a phone interview, citing the current expansion of his flagship location just north of downtown Miami. Blavatnik is a part-time resident of South Florida, with a primary residence in London, but he is likely to have a permanent impact on the redevelopment of South Beach. It's a peep into the future, and it’s a unique crystal ball.”. Only 2 people in the top 20 managed to hold onto their ranks. Resources. ... 2002 Conversations from the Edge with Carrie Fisher (TV Series) (associate producer) Hide Show Additional Crew (1 credit) 1998 Enemy of the State (staff assistant) Hide Show Thanks (2 credits) Her sister Katharina is second youngest, just 20. In 1974, DeLuca and Buck were the owner-operators of 16 restaurants in Connecticut, and they decided to sell Subway franchises in order to expand the restaurant chain at a faster pace. This recovery is just now getting us back to that level of starts,” Miller said on the call. Olen Properties also has commercial and industrial properties, mostly in California but also in two Florida locations. RECENT VIDEOS. The Marcellus is a massive shale rock formation in the Appalachian region of the United States, where East Resources had acquired 650,000 acres by June 2009. Braman also has used his success to serve in South Florida as both a philanthropist and an activist. For example, since 2006 he has served as chairman of Miami-based investment banking firm Ladenburg Thalmann Financial Services. When he sold the company for $1.25 billion in 2004, Boca Resorts owned the Boca Raton Resort & Club and two Fort Lauderdale properties, the Hyatt Regency Pier 66 Hotel and Marina, and the Radisson Bahia Mar Resort and Yachting Center. ’s Amancio Ortega moves up to No. He has a home on Indian Creek Island in northeast Miami-Dade County. He also has served as an officer, director or trustee of various Franklin Templeton mutual funds. Our tag line is ‘Ignore the Crowd,’ and our location here helps us maintain our distance and independence from the chatter of Wall Street.”. Bloomberg News reported in June that Lampert distributed $393 million of AutoNation shares to cover investment redemptions by ESL clients. The company’s stock has been trading in the high $30s lately, well above its sub-$30 stumble right after the deadly shipwreck off Italy. As a result, some of the wealth fueling South Florida’s Bentleys and multi-million dollar condo purchases — such as privately held entrepreneurial endeavors — may not be reflected on our list. Mel Fisher Net Worth: Mel Fisher was an American treasure hunter who had a net worth of $100 million. South Florida, I am convinced, will continue to be a wonderful place to live, raise a family, work and invest in. Forbes magazine, which annually estimates the value of National Basketball Association franchises, reported that the move by NBA star player LeBron James to the Cleveland Cavaliers from the Miami Heat could reduce the market value of the Heat franchise from $770 million, currently the seventh-most valuable franchise in the NBA. Nothing in the world can take the place of persistence. Huizega said in an email exchange that he advises people starting their own business to “surround yourself with great people. But he remains an active investor. Jenna Fischer: Career, Salary, Net Worth. Born and raised in Panama, Nahmad relocated to the United States in 1958 to attend the University of New Mexico and settled in South Florida in 1973, where he has been a full-time resident since. He and Amazon’s Jeff Bezos both make their first appearance in the top ten of FORBES’ annual ranking of the world’s wealthiest. He served as the CEO of Carnival Corp. (formerly known Carnival Cruise Lines) from 1979 to July 2013. One issue: Pay inequity between genders. While many of the billionaires and multimillionaires with South Florida homes are longtime residents, a growing number are relative newcomers lured by absolution from harsh winters and a state income tax. In February 2013, an engine fire disabled the Carnival Triumph in the Gulf of Mexico, exposing more than 4,000 people aboard the ship to broken toilets and unsanitary conditions. This Is What She Has in Common With Kim Cattrall, Benedict Cumberbatch and Rose Leslie; Generic selectors. Mel Fisher: Treasure hunter. He currently is chairman of the Sears Holding Corp., the parent company of the Sears chain of department stores, and has served as chief executive officer of Sears since February 2013. How he made his money: Led the development of Waste Management and Blockbuster Entertainment, often via business acquisitions. Kim Painter: Enemy of the State. They are young people and very knowledgeable about the product,” said Frost, a former director of military aircraft contractor Northrop Grumman Corp. For people starting out in business, “the important thing is what business you choose,” Frost said. (see more credits and acknowledgments below). How he made his money: High-rise condominium development. Carrie Fisher Bio, Net Worth, Height, Weight, Boyfriend, Affair, Married, Facts & Career Short Description of Carrie Fisher Carrie Fisher was an American humorist, writer, and an actress. Today the privately held Subway chain based in Milford, Connecticut, has more than 37,000 locations worldwide. The ambitious son later became a leading developer of residential high-rises and hotel properties in Manhattan and took his talents to other fields as well. Pérez initially got rich from the construction of rental apartments then got richer as the nation’s busiest builder of luxury condominium towers. The story: Phillip Frost, 77, a former professor of dermatology at the University of Miami's medical school, teamed up with business partner Michael Jaharis to acquire drug-development company Key Pharmaceuticals in 1972. The CEO of Watsco advises someone starting out in business to consider financing the acquisition of a successful company. Four years later, in 1999, he opened Trump International Golf Club, a $40 million golf course within a seven-minute drive of Mar-a Lago. But as studies indicate, many are cautious about borrowing the capital required to catapult their businesses into exponential growth. How he made his money: Netted billions of dollars by selling his share of a chemical maker and an oil production venture. Publicly held Syntel has more than 24,000 employees and a market capitalization of $3.7 billion. New York-based LeFrak has a second home in Miami Beach where he resides “part time but increasingly more time,” he said in a phone interview. Other acquisitions followed: Carnival Corp. is the holding company for Carnival Cruise Lines and many other cruise lines including Holland America Line, P&O Cruises, Princess Cruises, Cunard and Costa Cruises. “They’re making money in real estate here,” Hertzberg said. Net Worth: $45 Million. Exact matches only . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. How he made his money: Commodities trading and team ownership in professional sports. How he made his money: Started in the construction business with his father in Brooklyn, became a successful Manhattan real estate developer, diversified into book publishing and television production. Mike Fernandez, right, No. But her professional career started in 1998 in a film, “Channel 493”, and “Born Champion”. The story: Igor Olenicoff, 72, has amassed a real estate empire stretching from coast to coast in the United States. You really have to be devoted to it.”. Ed Stack is CEO and largest individual shareholder of Dick's Sporting Goods. Sean John “Diddy” Combs, left, No. Following are biographical summaries for each of South Florida’s wealthiest 25 residents, including how they made their fortunes. ... Garth Fisher Net Worth; Melissa Lee Net Worth; Kristanna Loken Net Worth; Nadine Velazquez Net Worth; Huizenga also invested in three professional sport franchises: He paid $95 million in 1991 to acquire the Florida Marlins baseball team, $50 million in 1992 for the Florida Panthers hockey team, and about $140 million in 1994 for majority ownership of the Miami Dolphins football team. Net worth: $3.1 billion. Born in Indiana and a dive shop pioneer in California, Mel Fisher (August 21, 1922 – December 19, 1998) was an American treasure hunter best known for finding the 1622 wreck of the Nuestra Señora de Atocha in Florida waters. Results are based on publicly trackable sources of wealth, such as ownership in public companies. Join once and enjoy forever. Icahn Enterprises also has property operations that give its namesake a stake in Florida’s rebound from the real estate recession in the second half of the 2000s. “It will make the obstacles seem less problematic than if you are struggling to do something you are lukewarm about.”, Mar-a-Lago and his golf course properties in Palm Beach County and Miami-Dade County constitute “a very healthy addition to my best holdings,” Trump said. During the first two years of Diageo’s alliance with Combs, the company’s annual shipments of Ciroc vodka vaulted from 120,000 cases to 400,000, according to Forbes. Cisneros Group, for example, is led by CEO Adriana Cisneros, daughter of board chairman Gustavo Cisneros. Frost was chairman of the board and a major shareholder of Key when he and Jaharis sold it to the old Schering-Plough pharmaceuticals company for about $575 million in 1986. 3. Mel Fisher, a former chicken farmer who became a Horatio Alger figure among undersea treasure hunters, died on Saturday at his home in Key West, Fla. ... and treasure worth … r of the Decade” in 2010. Sears stock (NASDAQ: SHLD) recently traded around $27, well below the level of late 2013, when it topped $50. “That was enough,” he said. Their $1.4 billion purchase from the estate of the late owner Ralph Wilson, who died in March, was approved by NFL team owners at their Oct. 8 meeting. and Netflix Inc. to Forest Laboratories, Chesapeake Energy and Navistar International Corp. Olen operates Quantum Town Center in Boynton Beach, a 117,000-square-foot commercial building, and the Delray Commercial Center in Delray Beach. Behind these figures is a story of huge upheaval, as 221 people fell off the list, while 198 newcomers joined the ranks; another 29 people from 2015 died while 29 who’d previously fallen off climbed back on. The U.S. has 540 billionaires, more than any other country in the world. Yung Weej Net Worth Mendelson would advise someone starting out in business to “do what you enjoy doing and focus hard.” He also said in an email exchange to focus on more than money, “just do a good job and remember that your customer must get good value, respect and quality products.”, The chairman of Heico also said that Heico’s South Florida home has contributed to its success: “South Florida is a great source of quality life and fine people to work with you. “He was a good friend, and I agreed to take on the responsibility for a certain time, and it has now gone beyond the time I had anticipated, and with my other activities here in Florida, I could be more focused.”. Who’s worth more? The magazine also recounted in an article about the Ansin family fortune that Ed Ansin and his father paid $3.4 million in 1962 to buy a local television station affiliated with the NBC television network, then called WCKT and later renamed WSVN. Diving became a family business. South Florida is a wealth magnet. Arison has been chairman of the board of directors at Doral-based Carnival since 1990 and a director since 1987. 3. They opened their first restaurant in Bridgeport, Connecticut, in August 1965 and set a goal of opening 32 more by 1975. Now Frost is preparing to step down as chairman of Teva. Reach for the unreachable,” he said in an email exchange, but “avoid debt whenever possible,” and “be the dumbest person in the room, as this will accelerate your development.”, Fernandez also said by email that South Florida has provided him a useful sense of likely U.S. business trends: “By looking at Florida's changing demographics, I believe that you are seeing our nation’s future. “In Palm Beach County, we’re in the process of building three new dealerships,” he said. Discover the real story, facts, and details of Mary Fisher. Explore Mary Fisher's biography, personal life, family and real age. Ansin not only renamed the station but reinvented the delivery of local TV news in terms of faster pacing, grittier content and more a greater number of hours per a day devoted to local news. The Wall Street Journal reported that the Faena District will cover a six-block area and will encompass a hotel, retail center, arts center and an 18-story oceanfront condominium, called Faena House, with unit prices up to $50 million for the 14,000-square-foot penthouse. Tom Ford. “There is no substitute for hard work,” Arison said in an email exchange. In 2007, Olenicoff pleaded guilty to falsifying his 2002 federal tax return by failing to disclose foreign bank accounts to the Internal Revenue Service. By the end of the 1980s, Subway had locations in Puerto Rico, Canada and the Bahamas. She is one of 190 women in the list, down from 197 last year. Discover net worth of celebrities age is 18, including Cali Sheldon, Brian McBride, Brandon Stoudamire, Brandon Rowland, Birkan Kirdar, Balarke, Andrew Fletcher, Aldo Mancinas ... Aidan Fisher net worth Guitarist. The 25 wealthiest people with a South Florida residence accumulated fortunes in fields ranging from investment management and information technology to television broadcasting, energy exploration and the distribution of air conditioners, according to a survey by Global Governance Advisors conducted for the Miami Herald. Fernandez advises people getting into business to try to exceed their own expectations. “I like the people [at Drone]. While large corporations provide a ladder for at least some women to higher and higher management positions, compensation is limited at most corporations, and many fast-track female executives “are constantly being promoted at lower pay scales within the range,” Shaffer said. Adriana Cisneros, daughter of Gustavo Cisneros, replaced Bandel as CEO last year. The performance of Henry’s commodities trading firm lagged in the aftermath of the global financial panic of 2008, according to the Reuters news service, and he closed the Boca Raton-based firm, John W. Henry & Co. Inc., in 2012. Kim Henningsen net worth is $250,000. He is on the Forbes 400 list of richest Americans and as of 2020 is worth $4.3 billion. Rich Jr. was an accomplished hockey player at a preparatory school in Buffalo and at Williams College, where during his senior year he was co-captain of the school’s hockey team. 21, has parlayed an entertainment career into a clothing brand, cable TV venture and marketing venture. It has all the necessary ingredients to continue along its success path.”. The company went public in 1987, raising $400million for expansion, and by 1989, Arison had engineered Carnival’s acquisition of Holland America Line. Public institutions including the Arsht Center for the Performing Arts, the New World Symphony performance hall in Miami Beach, the Frost Museum of Science, the Pérez Art Museum Miami and the University of Miami’s Miller School of Medicine have been made possible in part by gifts by the Arison and Miller families and individuals like Philip Frost, Pérez and philanthropist Adrienne Arsht (who gave $30 million for the performing arts center, though her wallet isn’t quite hefty as those on this list). That means one track for the South Florida community at large, and a second track for students, alumni and faculty of Florida International University. The Norman and Irma Braman Family Foundation funded the opening of the Braman Family Breast Cancer Institute at the University of Miami's Sylvester Comprehensive Cancer Center. Recently, we have seen an explosion of African-American entrepreneurs. Huizenga has since sold his stake in all three teams except for fractional ownership of the Dolphins. Trump converted Mar-a-Lago into a private social club in 1995. He started with a single garbage truck and turned his hauling business into Waste Management Inc., the nation's largest garbage hauler with $13.9 billion of revenue last year. (In the 30 years FORBES has tracked global wealth, only 5 people have held the title of richest person on planet; 3 of those 5 still rank among the 4 richest in the world including Warren Buffett and Carlos Slim.) Lenders for his Icon Brickell condo development seized two of its three towers in 2010. And also, I like it.”, He also invested in the acquisition and renovation of the Gansevoort hotel in Miami Beach, and has bought the land in North Miami for an aborted development that had been called Biscayne Landing. “My philosophy has always been to constantly reinvest in your business ... It’s something you have to do. How he made his money: Worked with his father to build the world’s largest cruise company. ... Our Fort Lauderdale trading desk makes over $30 billion in equity trades annually in over 40 financial markets around the world.”, Johnson said his best advice for young people starting out in business is a statement by former U.S. President Calvin Coolidge, which is engraved on a plaque hanging on his office wall: “Persistence ... Press on. He is the chairman, president, CEO and principal shareholder of a multibillion-dollar distribution business. Its real estate subsidiary New Valley LLC owns a majority of high-end residential property agency Douglas Elliman. The 31-year-old added $11.2 billion to his fortune and moved up to No. Source: Franklin Resources Inc. (NYSE:BENO). Living in Florida has been like having a free look at tomorrow’s stock prices. The story: Miguel “Mike” Fernandez, 62, is chairman of a private equity investment firm in Coral Gables called MBF Healthcare Partners. However, we believe that these events will not have a material long-term impact,” Carnival said in a quarterly financial report filed July 2 with the Securities and Exchange Commission. How he made his money: Hip-hop music recording and production and other business activities that include promoting Ciroc vodka. The magazine said the agreement entitled Combs to a share of any profits from Ciroc vodka sales and to part of the proceeds if Diageo were to sell the Ciroc brand. Education will not; the world is full of educated derelicts. “It doesn’t matter what you do, if you really like it,” he said. You can't let it grow up by itself. The story: Philadelphia native Norman Braman, 82, co-founded a vitamin retailer and merged it with another company in 1967. People are what make businesses prosper.” He also said he has lived in South Florida for 60 years and never wanted to live anywhere else. "I was part of the original money that recapitalized the bank," he said. “I have seen the transition and the maturation of the Miami market. Black News, Culture and Information. In 2004, she directed and co-wrote the film, “Lollilove”. In a March 2011 article, “Why Diddy Will Be Hip-Hop’s First Billionaire,” Forbes magazine reported that Combs’ most lucrative asset was his 2007 agreement with Diageo, the world’s largest supplier of beverage alcohol, to promote its Ciroc vodka brand. Pérez said in an email exchange that people starting in business should “pick something you love and pursue with great dedication and passion.” He also said, “South Florida has been absolutely essential in my growth. The $13.7 billion sale of Venevision to a private equity consortium in 2007 may have been one of the most personally rewarding deals that Gustavo Cisneros ever engineered. People going into business today should “pick a business or career that cannot be shipped abroad or purchased abroad,” Olenicoff said in an email exchange. People want to live here.”. “Opko is doing extremely well,” Frost said in the Sept. 8 phone interview. Bill Gates remains the richest person in the world with a net worth of $75 billion, despite being $4.2 billion poorer than a year ago. Trade information publisher TVNewsCheck reported earlier this year that Channel 7 news audience ratings were unmatched “after 20 years or so of domination in English-language news” in South Florida. Berkowitz said in an email that he advises people getting into business that any industry they find appealing has promise. For our 30th annual guide to the world’s richest, we found 1,810 billionaires, down from a record 1,826 a year ago. Gates, William H., III, Seattle, $54.0 billion 2. I’ve been fortunate to have several careers during that span.”. How he made his money: Co-founded a successful information technology company with his wife, Neerja Sethi. The family patriarch now serves as co-chairman of the board of Cisneros Group with Steven Bandel, a former chief executive officer of the family business. In 2005, he unveiled his personally branded line of men’s apparel and accessories, the Donald J. Trump Signature Collection, and in 2012, he launched his own fragrance, “Success by Trump.”, Anyone starting out in business today should “make sure you are doing something that you love,” Trump said in an email exchange. Where he lives: Indian Creek (off Miami Beach). Here’s where you can call instead, The latest on Deshaun Watson, the Dolphins’ OC search and a series of NFL moving parts, Senior-level hires and promotions for the week of Jan. 25, 2021, How to enter the 2021 Miami Herald Startup Pitch Competition, Tax season kicks off Feb. 12. The story: Raised in Russia, Len Blavatnik, 57, immigrated to the United States in 1978, then became a U.S. citizen in 1984 and went on to become a successful investor and philanthropist. He founded Related Group in 1979 with New York developer Stephen M. Ross, now owner of the Miami Dolphins. Advances in communications technology have enabled more wealthy business owners to run their companies remotely from South Florida. “I had a degree of success before coming here,” Braman said in a phone interview, but “my great success in life has been in South Florida.”. History would suggest a more vertical recovery, especially given the severity of the economic decline. Lampert has invested in many retail companies. He has a concentrated equity investment style, making big bets on relatively few stocks that most investors avoid. Somewhere in the waters off the Florida coast, an estimated $250 million in silver bars and coins is waiting for Kim Fisher and his treasure-hunting family to come and get it. Genius will not; unrewarded genius is almost a proverb. © 2021 Forbes Media LLC. Everyone has ideas and something to contribute, so listening to different points of view is also very important.”, Arison says he recruits good people and supports them while refraining from hands-on micromanagement. Opko Health Inc. is another one of his Florida priorities. Kim Cole Net Worth Kim Cole Net Worth 2021, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. Now Henry is well into his second career as a team owner in professional sports. Young people going into business must “not be afraid to fail” but must pay close attention to every detail of their enterprise, LeFrak said. How he made his money: Co-founded the Subway chain of sandwich shops. “If you don’t stand for something in life, then you’ll accept anything. I can only compare it to two or three other markets in the United States as a magnet for international capital and as a desirable location for people to reside in and invest in.”. Rank: Name Net Worth #Family Members Source of Wealth Headquarters 1 Walton family , $152 B, Six, Wal-Mart, Bentonville, AR 2 Koch family, $89 B, Four, Diversified , Wichita, KS The co-founders in 1968 to put the Subway brand name on their restaurants. In 1983, Pegula borrowed $7,500 from family and friends to start East Resources Inc., and he built the independent oil and gas exploration business into one of the largest privately held companies in the United States — with a helping hand from advanced oilfield technology. 1. How he made his money: Acquired control of a Miami company that became an industry leader. 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