While the benchmark stock index was up a modest 2.5% since we last measured fortunes 15 months ago, Malaysia's richest saw their combined wealth rise 14% to nearly $90 billion, after two years of decl. Parth Jindal, representing JSW, . KUALA LUMPUR: Tycoons on the 2021 Forbes Malaysia Rich List have seen a rebound in their collective wealth as it rises 14 per cent to nearly US$90 billion this year, after declining for two years. Tel: +603-7784 6688 Fax: +603-7785 2624 / +603-7785 2625, Level 4, Lot 6 Jalan 51/217,46050 Petaling Jaya, Selangor,Malaysia. Price: Single User License: US $ 2900 . Meanwhile, there were five newcomers on this years list. 7, US$3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. Malaysia's pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track . Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). Five of them feature among the 50 richest, with two, Kuan Kam Hon (No 7, US$3.8 billion) of Hartalega Holdings and Tan Sri Lim Wee Chai (No 8, US$3.5 billion) of Top Glove, ranked in the top ten. Malaysia wasnt spared from the Covid-19 pandemic, the countrys economy has contracted 5.6% in 2020. Ellen Pao, CEO of Project Include, Ann Mei Chang, CEO of Candid, and Nabiha Syed, CEO of The Markup could have left Reddit, Google, or Buzzfeed for another tech company, but they chose to make a career pivot and accelerate the impact and scale of solutions to the worlds most intractable challenges. Stock Symbol : PCHEM [5183] Market Cap : RM66.080 billion Revenue : RM23.025 billion Net Profit : RM7.319 billion. PETALING JAYA (June 3): The 22 property-related players featured in Forbes Malaysia 50 Rich List 2021 has a collective net worth of US$44.47 billion (RM183.4 billion), according to the latest Forbes Malaysia Rich List 2021 which was released today. In 1988, he established Hartalega Holdings and grew the company to become the largest nitrile gloves manufacturer in the world. This came after the announcement that JCB will be launching a pilot project that, What is Polygon Crypto? COMBINED WEALTH OF MALAYSIA'S TOP 50 RICHEST TYCOONS PLUNGE 10% - SUPERMAX'S HUSBAND & WIFE DUO STANLEY THAI & CHERYL TAN HIT THE . 20 with US$1.1 billion), who co-founded and runs Supermax Corp Bhd with his wife Datin Seri Cheryl Tan. File picture by Mukhriz Hazim, Blinks are all systems go for a fabulous Blackpink concert, some arriving as early as 7am at Bukit Jalil, EPF refuses another round of withdrawal, says Bumiputera savings dropped 70pc during pandemic, After Pejuang applies to join Perikatan, Dr Mahathir says Mukhriz can do whatever he likes, Azalina: I wasn't involved in reappointing Idrus Harun as AG, Want to help flood-hit Chaah? None of them, however, were wealthy enough to dislodgeRobert Kuokfrom his long-held perch as No. 20, $1.1 billion) who cofounded and runs Supermax Corp. with his wife Cheryl Tan. However, Forbes Asia said, the pandemic took its toll on 19 listees, whose fortunes fell. Today, Hong Leong has grown to become one of the large banks in Malaysia particularly with the recent merger with other banks. The next top five richest Malaysians in descending order according to the list are: Tan Sri T. Ananda Krishnan at #476 (Astro, US$5.8 billion), Tan Sri Teh Hong Piow at #486 (Public Bank Bhd, US$5.7 billion), Datuk Lee Yeow Chor and brother Lee Yeow Seng at #550 (IOI Group, US$5.1 billion), Tan Sri Koon Poh Keong, #727 (Press Metal, US$4 billion), and Kuan Kam Hom and family at #752 (Hartalega Holdings, US$3.9 billion). Koon Poh Keong & siblings; $6.4 billion. The complete list can be found at www.forbes.com/malaysia, as well as in the latest issue of Forbes Asia. In the year 2020, three new names enter the list of top 50 richest . The rising number of daily new cases in recent months and the reinstatement of movement control order (MCO) have added uncertainties to the economic recovery. Among the hardest hit were casino moguls Chen Lip Keong and Lim Kok Thay (No 11, US$2.55 billion). Two men involved in Jalan Ipoh crash test positive for drugs, Pemandu, penumpang positif dadah sebabkan kemalangan di Jalan Ipoh ditahan, Mbappe breaks Cavani record to become PSGs all-time leading scorer, Banjir: Demi kelangsungan hidup, peniaga burger teruskan perniagaan, Marianne Williamson formally announces bid for us presidency in 2024. Overall, 30 on the list saw their wealth decline, said Forbes in a statement today, adding that the minimum net worth to make the list this year was US$255 million, down from US$315 . Fortunes often include assets owned by other family members. In 2021, we see Top Glove joining its fellow glovemaker Hartalega in the Top 10 for the first time, while the MR DIY brothers secured the No. In a pandemic year, as global demand for such protective gear exploded, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. After Maybank, CIMB is the second-largest Malaysian bank on the list, ahead of Public Bank (#7), RHB Bank (#17), Hong Leong Bank (#24), and Ambank (#25). 1. shell. That means a business can be seen by almost 72% of the entire population in this country. Whether you are looking to buy or rent properties, we have the most comprehensive property listings in Malaysia, for all popular property types in the market - condominiums and apartments, landed properties, residential land and commercial properties. Wealth of Malaysia's 50 richest tycoons down 10% PETALING JAYA: The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago to US$80.5 billion (about RM354 . Yeow Chor and Yeow Seng are the sons of the late Tan Sri Lee Shin Cheng, a business magnate and philanthropist who founded IOI Group - a conglomerate that focuses on palm oil plantation, property, retail and hospitality. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The total combined net worth of all these billionaires is estimated at US$13.1 trillion, up from US$8 trillion in last year. Malaysia's 50 Richest 2022: Combined Wealth Declines To $80.5 Billion A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year . Subscribe to EdgeProp.my's weekly property round-up and stay on top of real estate news, latest listings and events. 'The Takedown,' directed by Louis Leterrier and starring Omar Sy and Laurent Lafitte, premiered on Netflix on May 6, and has already entered Netflix's Top 10 Movies in many countries, including Canada, France and the U.K. More than 200,000 sale/rent listings and daily property news. Hong Leong Groups Executive Chairman Tan Sri Quek Leng Chan sits on the second spot with a wealth of $9.6 billion. Quek Leng Chan, second-generation head of the privately held Hong Leong group, remains at No. 1 despite his fortune falling 10% to US$11 billion. With a net worth of $4.85 billion, the banker started Public Bank in 1966 when he was 35 years old. Corporate User License: US $ 5800 . The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world's 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. Tan Sri Dr. Teh Hong Piow is never known to be a man who likes the limelight. 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors . The list can also include foreign citizens with business, residential or other ties to the country, or citizens who dont reside in the country but have significant business or other ties to the country. The per capita annual income of the richest 0.1 percent was 1.85 billion won (US$1.4 million) in 2021, 69.5 times more than the 26.6 million won earned by those in the middle of the income bracket. 38 with US$445 million), co-founders of engineering services firm UWC Bhd; and Steven Siaw Kok Teng (at No. This story appears in the June 30, 2021 issue of Forbes Asia. The patriarch, who presides over a property and commodities empire, has a fortune of $12.2 billion and at age 97 is the oldest member of the list. 98-year-old Robert Kuok, who has dominated the list for years, has remained at No. There is an urgent need for companies to address the talent gap by pursuing three important strategies: they must automate, reskill and grow the pipeline. Among the hardest hit were casino mogulsChen Lip KeongandLim Kok Thay. Returning to the list were Tan Sri Lim Kuang Sia (at No. His success came through the Hong Leong business which was started back in the 1920s by his father and has 2 other brothers. Koon Poh Keong is the Group Chief Executive Officer of Press Metal. Since 1891, Shell has played a pivotal role in the development of Malaysia's oil and gas industry. Recently listed in Malaysia's 50 Richest by Forbes Magazine at 39th place, Patrick Grove is the co-founder and CEO of Catcha Group and his latest business venture, iFlix, a strong competitor to the video streaming service provider, Netflix. Copyright 2020 FORTUNE.MY. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding $3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. Top 10 Malaysian Women's Clothing Stores For Online Shopping. While the global list is actually losing members, two Malaysian executives join 234 . All Asian Countries From Poorest To Richest Ranking.We are going to rank all the Asian countries by by their GDP nominal per capita. Lim, 67, is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of 18.25 billion ringgit, according to . In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. There are five newcomers on this years list. Next are Tan Sri Lim Wee Chai at #859 (Top Glove, US$3.5 billion), Tan Sri Lim Kok Thay at #1,174 (Genting, US$2.7 billion), Datuk Seri Lau Cho Kun at #1,444 (Hap Seng, US$2.2 billion), Tan Yu Yeh at #1,750 (Mr D.I.Y, US$1.8 billion) and Tan Sri G. Gnanalingam at #1,833 (Westport, US$1.7 billion). A windfall for some tycoons and a reality check for others resulted in collective wealth shrinking by 10% since last year. 38, US$445 million), cofounders of engineering services firm UWC and Steven Siaw Kok Teng (No. With property tools like the Edge Reference Price, Past Transacted Prices, Home Advisor Report as well as Area and Project insights, you have all the resources you need to make better property decisions, anytime and every time. Click here for the detailed list of Forbes Malaysia Rich List 2021. Malaysia's 50 Richest. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. Net worth estimates are based on stock prices and exchange rates as of the close of markets on May 17. Real estate development masterpieces: Shangri-La Hotels and Resorts, Cheras LeisureMall, The LINC KL. The company planted area is around 283,751 hectares. Tan Sri Robert Kuok. malaysian-richest-1. "Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. 2 with US$9.6 billion. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. 5 Profiles of the 100 richest people in Indonesia, the latest of Forbes version 20. David Oyedepo comes from Nigeria and he is the founder of Living Faith Church Worldwide, also . Forbes' 36th annual ranking of the world's richest in 2022 saw a total of 2,668 billionaires on the list compared to the 2,755 featured last year. 11 with US$2.55 billion). This story is part of Forbes' coverage of Malaysias Richest 2021. His businesses have already expanded and performing well in other countries in the region which include Cambodia, Laos, Sri Lanka, Vietnam, Hong Kong and China. Sign up as a PRO agent for only RM2.19 a day. #19 Tiong Hiew King & family on the 2022 Malaysia's 50 Richest - Tiong Hiew King holds forestry concessions in 16 countries as well as property, oil-and-gas, The Chearavanont family retains No.1 spot in the Forbes Thailand Rich list with US$29.5 billion (938.6 billion baht), followed by the Chirathivat family with $21 billion (668.2 billion baht) and . Next on the list is Hong Leong Group's Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year. The late Tan Sri Lee Shin Cheng of IOI Corporation was the fifth richest Malaysian in 2016. 11, $2.55 billion). According to Forbes Asia, the minimum net worth to make the list this year was US$315 million, up from US$255 million last year. December 31, 2014. Returning to the list are Tan Sri Lim Kuang Sia (No. China - $19,520. 37, US$450 million) and Lau Chee Kheong (No. They were the richest newcomers at No. He has a net worth of $3.4 billion and where he is the first casino company to be listed in Hong Kong. However, despite the increase in wealth, Quek also dropped from position 147 in 2020 to being the 243rd richest man in the world in 2021. The revelation is made by Forbes Asia, which published the Malaysia's Richest 2021 List yesterday, 2 June. The Performance Management and Delivery Unit (PEMANDU), which is an agency under the Prime Minister Department manages the Malaysian initiative of the Economic Transformation Programme. Prosecutors are seeking a new trial for Syed, who was convicted of murdering his ex-girlfriend when he was 17 and whose story was featured on the popular podcast Serial, the Wall Street Journal reported. . PETALING JAYA: The wealth of Malaysia's 50 richest saw a rebound in their collective wealth as it . 1. Industries around shipping are successful since Malaysia has 7 major large ports that handle the transportation of goods in Asia and the rest of the world. The more integration a platform has with your existing tech stack, the better your workflow will be. The patriarch, who presides over a property and commodities empire, has a fortune of $12.2 billion and at age 97 is the oldest member of the list. This button displays the currently selected search type. Robert Kuok continues to top the list. Shares of their Press Metal Aluminium Holdings were up as the metals prices recovered, adding US$3.4 billion to their wealth and propelling Koon and his brothers to third place with a net worth of $6.4 billion. The cutoff for the list increased to $315 million from $255 million last year. managing director, and CEO of Farm Fresh, has made his debut on the Malaysia's 50 Richest list by Forbes this . Being compared to your competition can be good for your business, but even better is being seen as a leader among your competitors. Here are some of the richest people in Malaysia that made it to Forbes' list for 2022. At the age of 97, the billionaire has a variety of business activities which he has been involved with such as palm oil and shipping. Forbes champions success by celebrating those who have made it, and those who aspire to make it. Malaysia; ; Vit Nam . Bhd. ServiceNow general counsel Russ Elmer on the transformative power of legal dashboards. In a statement today, Forbes Asia said Malaysias pandemic-hit economy, which contracted 5.6% in 2020, is expected to get back on track this year, but the country is now grappling with a surge in Covid-19 cases. But the country is now grappling with a surge of Covid-19 cases. Here's all that you need to know about Malaysia's top 10 employers in 2021 and their top 3 EVP drivers. SINGAPORE (June 3, 2021) Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after declining for two years. Lim Peng Cheong and Lim Peng Jin saw their fortune fall as higher raw material prices squeezed profits at Scientex. He retired in 2019 as the non-executive chairman of the group. Prosecutors had been considering whether to retry Syed or drop the charges. As of March 4, 2023, Bernard Arnault had a net worth valued at $189 billion, making him the wealthiest person As of March 3, 2023, Gina Rinehart was the wealthiest person in Australia, with an estimated net worth of 29.2 As of March 3, 2023, Georg Stumpf was thewealthiest man in Austria, with an estimated net worth of 7.9 billion As of March 3, 2023, Jorge Paulo Lemann was thewealthiest man in Brazil, with an estimated net worth of 15.9 As of March 3, 2023, David Thomson was thewealthiest man in Canada, with an estimated net worth of 54.9 billion 4 technologies applied in most industries of the business world you should be familiar with, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, The Worlds Richest People (Top Billionaires, 2023), Wealthiest People in Australia (March 3, 2023), Wealthiest People in Austria (March 3, 2023), Wealthiest People in Brazil (March 3, 2023), Wealthiest People in Canada (March 3, 2023), Inclusion and Diversity at CEOWORLD magazine. Subscribe to ourTelegramchannel for the latest stories and updates, "Together, we will drive sustainability by delivering a quality indoor environment, which is an integral part of residents' live, learn, work and play experience in a self-contained and sustainable township. 7, $3.8 billion) of Hartalega Holdings and Lim Wee Chai (No. According to the international financial magazine, Malaysian tycoons on the list saw a rebound in their collective wealth with a 14% increase to nearly USD90 billion (about RM370.98 billion) this year following a two-year downward trend. Five of them feature among the 50 richest, with two, Kuan Kam Hon (No. 14, US$1.4 billion), who controls Kossan Rubber Industries with his siblings, and Stanley Thai (No. Islamic Banking and Technology are the two main industries expected to grow within the next year. This story is part of Forbes' coverage of Malaysia's Richest 2021. Collective net worth of Malaysia's richest rebound 14% yoy Ranking Name Net worth (US$, billion) 1 Tan Sri Robert Kuok 12.2 2 Tan Sri Quek Leng Chan 9.6 6 Datuk Lee Yeow Chor & Lee Yeow Seng 4.9 9 Tan Sri Chen Lip Keong 3.4 Contents1 Who is the richest person [] Although the Forbes Malaysia Rich List has been declining for the past two years, the 2021 list saw the collective net worth amounting to US$90 billion, a rebound by 14% from US$79 billion in the previous year. Today, Top Glove produces more than 100 billion gloves from its 50 factories and is among the largest producers in the world. Find an agent with the right local expertise! IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange. 1. Looking to buy, sell or rent? The list was compiled using information from analysts, government agencies, the individuals, private databases, stock exchanges and other sources. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers, it said. Forbes released its inaugural " Malaysia's 50 Richest " list on June 8, revealing that the combined wealth of Malaysia's 50 richest was down 10% compared to a year ago. They are Tan Eng Kee (No. Palm oil plantation, shipping and property, Oregon Group, Media Chinese International and Rimbunan Hijau Group, Property development, media and forestry concessions, Tan Sri Datuk (Dr) Francis Yeoh & siblings, property, construction, financial services. Catherine Ong, cell: +65 9697 0007,Email: cath@catherineong.com, Franz Navarrete, cell: +65 9653 6424,Email: franz@catherineong.com, This is a BETA experience. 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KUALA LUMPUR, April 7 Malaysias Sugar King Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes annual Worlds Billionaires List. 21 billionaires have migrated to higher positions on the list of 50 richest persons when compared to their ranking last year. Koon Poh Keong, who shares a metals fortune with four siblings, was this years biggest dollar gainer. Robert Kuok-$11 billion. Lim, 70 was ranked No 11 on Forbes Malaysia's 50 Richest 2021 and Billionaires 2021. Rounding up the next order of billionaires are: Tan Sri Jeffrey Cheah at #2,263 (Sunway Group, US$1.3 billion), Tan Sri Syed Mokthar Albukhary at #2,378 (MMC Corp, DRB HICOM, US$1.2 billion), Tan Eng Kee at #2,524 (Greatech, US$1.1 billion), Tan Yu Wei at #2,524 (Mr D.I.Y, US$1.1 billion) and Tan Sri Surin Upatkoon at #2,674 (US$1 billion). 37, $450 million) and Lau Chee Kheong (No. 10 spot as the richest newcomers on the list. Copyright 2023 Sun Media Corporation Sdn. In a pandemic year, as global demand for such protective gear increased significantly, Malaysian exports of rubber gloves doubled, boosting the wealth of the nations largest producers. Malaysias pandemic-hit economy, which contracted 5.6% in 2020, was expected to get back on track this year. 9. Tan Sri Dr. Lim Wee Chai is the man behind world rubber glove producer Top Glove. Among the hardest hit were casino moguls Chen Lip Keong (No. The Forbes brand today reaches more than 140 million people worldwide every month through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 32 licensed local editions in 71 countries. Quek is the co-founder of Hong Leong Group Malaysia and is currently the chairman and CEO. Robert Kuok, a business magnate who presides over a property and commodities empire, remains at the top of the list with a net worth of US$12.2 billion. The List; . The number of billionaires on Forbes 35th annual list of the world's wealthiest exploded to an unprecedented 2,755 660 more than a year ago. The company started in 1986 with $50,000 and has since grown to become the largest integrated aluminum producer in Southeast Asia. He started the company with his wife Tong Siew Bee in 1991 to produce rubber gloves and has never looked back since it went 10 years after that. See the full list here. Top 10 Richest Indian Actors 2023 #bollywood #india #actors #viral #shorts #richest #short#trending#bollywood #richest #actors Top 50 Richest Actors in Bolly. 2 with US$9.6 billion. The Richest People in Malaysia 2021. The combined wealth of tycoons on the 2022 Forbes list of Malaysia's 50 richest fell 10% from a year ago (2021) to US$80.5 billion (about RM354 billion) in 2022. . The bulk of his wealth comes from stakes in DRB-HICOM and MMC Corp. MMC's operations span ports, logistics, construction and engineering while DRB-HICOM is an automotive firm with interests in property and education. 2 with $9.6 billion. Copyright 1999-2023 The Edge Communications Sdn. SINGAPORE (June 3, 2021) - Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly US$90 billion this year, after . Quek Leng Chan is the 2nd-richest person in Malaysia, with $9.9 billion, followed by Teh Hong Piow ($5.5 billion), Ananda Krishnan ($5.4 billion); and Kuan Kam Hon & family ($5.1 billion). It comes with a guaranteed monopoly until 2035 and is the largest casino resort in that region. Kuan started out in construction back in 1969 after dropping out of school and then started Timol Weaving some 10 7ears later. However, it's not all bad news . According to Forbes, he overtook Bishop T.D jakes to claim this spot due to his many investments. Besides the banking industry, Hong Leong Group also ventures into property development under its property arm of GuocoLand (Malaysia) Bhd. The founder and ex-Chairman of Public Bank Berhad, Tan Sri Dato' Sri Teh Hong Piow is #5 in Forbes' Malaysia's 50 Richest 2020 and #233 in Forbes' Billionaires 2019. 2) Tan Sri Quek Leng Chan; US$9.6 billion, 3) Tan Sri Koon Poh Keong & siblings; US$6.4 billion, 4) Tan Sri Ananda Krishnan; US$5.8 billion, 6) Datuk Lee Yeow Chor & Yeow Seng; US$4.9 billion, 9) Tan Sri Chen Lip Keong; US$3.4 billion. Subscribe to Forbes Asia. This reversal of fortune can partly be attributed to the countrys dominant position as the medical glove maker to the world. For more information, visit the Forbes News Hub or Forbes Connect. Billionaire Syed Mokhtar AlBukhary is offering 2.9 billion ringgit ($714 million) to buy out the minority shareholders of MMC Corp., betting that the ports and energy conglomerate will sustain its earnings recovery. A Malaysia national flag flies outside the Ministry of Finance building complex in Putrajaya, [+] Malaysia. Malaysia's top 100 CEOs: Who took the top spot? However, the pandemic took its toll on 19 listees, whose fortunes fell. The 97-year-old patriarch, who presides over a property and commodities empire, has been the richest man in Malaysia for the past two decades. Tan Sri Chen Lip Keong, founder of Hong Kong-listed NagaCorp Ltd which owns and manages the largest hotel and gaming resort in IndoChina NagaWorld takes the ninth place with a net worth of US$3.4 billion. Kuan Kam Hon is one of the latest additions in the richest people in Malaysia for 2021 due to the COVID-19 pandemic. All Rights Reserved. Seven from last year dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. 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