Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. You need at least a Starter Account to use this feature. Australia, impressively, has the highest median wealth per adult. If the average American continues to grow their net worth by 7.2% a year for 10 years, then the average person will become a millionaire in America. ", Knight Frank, Number of individuals with a net worth of over one million US dollars in Turkey from 2014 to 2024*, by wealth bracket Statista, https://www.statista.com/statistics/814431/number-of-high-net-worth-individuals-turkey/ (last visited January 18, 2023), Number of individuals with a net worth of over one million US dollars in Turkey from 2014 to 2024*, by wealth bracket [Graph], Knight Frank, March 3, 2020. Despite having roughly 1.4 billion people, China comes a distant second with only about 5.28 million millionaires. Id rather be equal to my fellow man. As David Gardener writes in todays FT, Mr Erdogans critics insistently accuse him of aspiring to become a neo-Ottoman sultan, but Pharaoh would be just as near the mark. Of course, going to retirement towns like Napa probably wont help. Fertility Rate: (Total Fertility Rate, or TFR), it is expressed as children per woman. Does that mean I am a millionaire? The thirteenth edition of the Global Wealth Report shows continued wealth growth across all regions led by North America and China. The countrys top export goods include machinery, electronic equipment, vehicles, furniture, and plastics. A 2019 study published by Wealth-X found that around 68% of those with a net worth of $30 million or more made it . The United States is in the middle with our top 1% controlling 35.3% of total wealth. The amount of money in this world is endless. Great things can come out of bad situations. That is terrible to know about Switzerlands history. I do believe many Americans would be wealthier if they saved, but I also know that many cannot due to wealth inequality, medical bankruptcy, poor public education (another infrastructure item) etc. Luckily, America already has the infrastructure in place to tolerate long periods of government inefficiency. Its only strange if you YOLO and then complain why you have no money. They are underwater on their mortgage on that $500,000 house. This count is at a record high thanks to a long bull market in stocks, bonds, and real estate. Your comment The Indians I spoke to strongly believed in democracy as they aggressively tried to fight corruption. is interesting. Not sure why yours would be that much more, at least if you are on Medicare (or lot of folks in early retirement on medicaid or very subsidized ACA). While Cape Town has a smaller HNWI population than Joburg, that changes significantly over the . I do believe at the end of the day, everything is rational. Rises in house prices were a big factor in people's wealth increases More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic.. The Gini coefficient is usually definedmathematicallybased on theLorenz curve, which plots the proportion of the total income of the population (y-axis) that is cumulatively earned by the bottomxof the population. A new study from Capgemini has further supported this hypothesis, with the finding that while the number of millionaires has exploded in the last year, they generally reside in the same old places. The higher the percentage change, perhaps the greater the opportunity to get rich quicker and lift the overall standard of living for a country. This year, the top spot was taken by . Its not caused by more people bing smart with money, its mostly caused by the value of the dollar dropping. And if we are happy with what we have, we will step off the gas pedal. Abolish Welfare Mentality: A Janitor Makes Over $200,000 A Year, Why Cant You? Ive highlighted the superannuation system. Brazils GDP fell by an estimated 4% in 2020 compared to only a 2.3% decline in the United States. Related: Abolish Welfare Mentality: A Janitor Makes Over $200,000 A Year, Why Cant You? var cls_disable_ads=function(t){"use strict";function o(t,o){var e="function"==typeof Symbol&&t[Symbol.iterator];if(!e)return t;var n,i,r=e.call(t),a=[];try{for(;(void 0===o||o-- >0)&&! I know thats how I stumbled across FS at 22 in 2008 sitting in my cubicle eating my lunch . The majority of millionaires earn their money by investing. Accessed January 18, 2023. https://www.statista.com/statistics/814431/number-of-high-net-worth-individuals-turkey/, Knight Frank. Fundrise: A way for accredited and non-accredited investors to diversify into real estate through private eFunds. London is followed by the South East with 157,000. We will take more steps to build more wealth if we want more wealth. To them it just costs X/month or per pay cheque so they can afford it. The "millionaires" have on average 6.25 million liras in deposit accounts, according to the data. So that goes to show that in terms of the. Comments seem to overlook these. See: https://www.financialsamurai.com/why-its-ok-to-include-your-primary-residenc-in-your-net-worth-calculation/. Does my home equity count in this equation? Ill work on the positivity! (includes boroughs, districts, urban agglomerations, etc.). will be the same. Who would believe that two 28yos can buy a house in Oakland in this hot real estate marketon a teachers salary?! How much is your net worth? 3) Time. Please rid yourself of the naysayers, doubters, and haters in your life. Elaboration of data by United Nations, Department of Economic and Social Affairs, Population Division. Our weekly culture newsletter from books and art to pop culture and memes sent every Friday. Currently, you are using a shared account. Just shows how regular investing through the superannuation can work wonders to an average portfolio! The G7 nations, plus China and Switzerland, make up nine of the 10 countries with the most millionaires in the world (see chart below) and experts say their domination as global centers of wealth. Think about how long it takes to pass legislation here in America. The GDP per capita in America is roughly $65,000. As far as Im aware the average personal tax rate in the US is north of 30%, here its around 20%. The answer is obviously the second which is what capitalism provides. According to the Boston Consulting Group, the United States leads the pack with around 7,085,000 households being millionaires in 2017. Youre too busy taking action to complain about why the world isnt fair. And with my 1/10th rule for car buying, you may be surprised the owner of the $70,000 Corvette actually makes multiple six-figures a year. Quick and essential guide to domestic and global politics from the New Statesman's politics team. There are nearly 150,000 millionaires in the West Midlands. Then if you drill down into the cities, places like San Jose, Bridgeport, San Francisco, Washington, D.C., Napa, Boston, Princeton, Thousand Oaks, and Boulder all have millionaire populations of between 10% - 13.6%. In fact, it shows that current people ages 25 to 40 more wealth then the previous generation at the same age, using inflation-adjusted dollars. Humans dont do well under extreme socialism. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing. 4) Community. Some people being greedy, morally corrupt and profiteering is not the same thing as a country of 9 million owing everything that have to robbing holocaust victims. As to where, exactly, these millionaires are, Turkey boasts the highest number at 100,200 while Jordan is the least wealthy with only 6,300 millionaires. Not bad! In Connecticut there are 122,045 millionaire households, for a ratio to total households of 8.89 percent, according to the Phoenix Marketing International report that tracks high net-worth . I appreciate the predictions for the future here as well. Infrastructure, schools and healthcare have weaved their way out of Istanbul and Ankara and wealth has risen too - the number of millionaires in Turkey has risen by 7.4 per cent since 2007 and Istanbul is the world's seventh most popular city for billionaires according to WealthInsight. Therefore, perhaps were blowing the wealth inequality gap out of proportion as more Americans participate in the wealth boom. Andrew Amoils of New World Wealth in London predicted Turkey would see a 60 percent increase in the number of millionaires living in the country by 2025. At some point we are going to have to quit talking about millionaires because everyone will qualify. But even if the norm followed a 1/5th rule to car buying, people would be doing pretty well. I also just got a new affordable 20-year term policy with them. Its not like the valuations in San Francisco but it has skyrocketed, increasing in the net worth of many Canadians. So, although Turkeys protests appear similar to the Arab Spring in image (nearly all modern protests seem visually unanimous), it appears to be oppositely motivated. When the Sunday Times Rich List, a ranking of the wealthiest people in the UK, was first published in . Definitely a lot of liquidity which leads to a lot of speculation. But it doesnt last if you dont change your lifestyle. Capitalism provides nothing unless youre born into a family with capital. The Romanians' total wealth thus. The incomes are good enough that nearly everyone is able to take care of all of their lifelong needs, but consumer culture ends up with too much of that income. Youll gain a satisfaction that you did it. Real estate is the ultimate inflation hedge and has made millionaires out of many homeowners. Otherwise the investment i was making in lowering my debt would be ignored. Instead of fighting inflation, ride it! Get full access to all features within our Corporate Solutions. This is a list of countries by the number of millionaires by net worth (in United States dollars) based on an annual assessment of wealth and assets compiled and published by the Swiss bank Credit Suisse. The rankings are published annually in March, so the net worths listed are snapshots taken at that time. My parents in their retirement in the US combine spend only about $3k a year total. 1. Total. Density (P/Km): (Population Density) Population per square Kilometer (Km). In 2022, the number of millionaires in the world is likely closer to 60 million given how strong stocks, real estate, and other investments have performed recently. Id like to believe that the federal governments inflation numbers are accurate, but Im pretty sure theyre not a true representation of the loss of purchasing power the average person will experience. I saw an article last week that stated 20% of home purchases are investment buyers. The number of resident millionaires increased by 11,200 in the first quarter of 2019 compared to the end of 2018 to 173,000 while the value of their combined deposits at banks stood at 1.12 trillion liras. The current population of Turkey is 86,609,150 as of Wednesday, January 4, 2023, based on Worldometer elaboration of the latest United Nations data. A negative number means that there are more emigrants than immigrants. Numbers of US dollar millionaires by world region per Credit Suisse (2022) Rank Region Numbers (in thousands) Percentage of world total numbers As percentage of total adult population - World 62,483 100.0 1.1 1 Northern America: 24,480 42.1 8.4 2 Europe: 16,696 28.1 2.7 3 Asia-Pacific: 10,755 17.2 0.8 4 China: 6,190 9.4 0.5 5 Latin America: 915 . North America also accounts for some of the most notable new entrants on the list. Well said. China - 819 With 819, China is the country with the most billionaires. For 2026, it is forecast that the number of millionaires will reach. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. For the average member of the U.S. House of Representatives, it's $666,000. Known debt is subtracted from assets to get a final estimate of an individual's estimated worth in United States dollars. What do you think the average Australian household is so rich? But the 4 million millionaires there were a small proportion of the total 1.386 billion population of China. Support 100 years of independent journalism. There is no monopoly on being rich. Investment gains and inflation have really pushed the number of millionaires in the world to record highs. They also kept another 7.2 billion liras in precious stones deposit accounts. The Turkish banking sectors net profit totaled some 12.35 billion liras ($2.2 billion) in the first quarter of 2019, the watchdog reported last month. For all other years: latest year annual percentage change equivalent assuming homogeneous change in the preceding five year period, calculated through reverse compounding. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Im 38 and at $1.95 million in a relatively low cost of living area and Im definitely not wealthy. A trillionaire is someone worth 1,000 billions, so Musk is some way from becoming a trillionaire - but his wealth keeps growing. window.dataLayer = window.dataLayer || []; Chart. Ive been watching the impressive rise in asset prices like precious metals, real estate, equities, as well as things Im less sure about (hello, cryptocurrencies), and find myself wondering how much of this is simply a response to inflation. I wouldnt be surprised if an american would need to have atleast $2-3million in net worth just to have enough to provide themselves the benefits that would come for free in other countries. Anyway, a bit wordy but I dont see inflation sucking us all dry I lived through stagflation and the 1982 recession. (Fredericksburg come in . There are millions of millionaires scattered throughout the country. Each year, Forbes employs a team of more than 50 reporters from a variety of countries to track the activity of the world's wealthiest individuals. To Understand Capitalism, We Must First Discover Communist China, median household net worth in America is $97,300, The Best Life Hack For Americans: Take Advantage Of Canada, beating the mean and median net worth figures, https://www.financialsamurai.com/making-maximum-money/. As an investor, its strategic to recognize where there is speculative fever and partake, and then get out before things implode. Net worth is your assets less your liabilities, or everything you own minus everything you owe. That gave them the confidence to go for it and theyre closing the purchase of their first home in about 2 weeks! Ive been nipping at the heels of becoming a 1%er for years, then every year the bar gets raised as the 1% bracket keeps growing their wealth. That doesnt mean you need to be frugal, but that you will likely need to sacrifice in the short-term to crush it in the long-term. A Gini coefficient of zero (or 0%) expresses perfect equality, where all values are the same e.g., everyone has the same income). For example, if you subscribe to my post e-mail distribution list and free newsletter like tens of thousands of people do, you cant help but pay attention to your finances. However, whats most interesting is the percentage change. Switzerland was already a wealthy, very stable and skilled country over half a century before WWII. For example, in many european countries healthcare costs are lower, as are higher education costs. Amounting to some 2.52 trillion liras, loans the biggest sub-category of assets surged 14.6 percent year-on-year. Their taxes are high and government support is sound. Credit Suisse, on the other hand, is measuring mean and median wealth per adult. Available: https://www.statista.com/statistics/814431/number-of-high-net-worth-individuals-turkey/, Number of individuals with a net worth of over one million US dollars in Turkey from 2014 to 2024*, by wealth bracket, Available to download in PNG, PDF, XLS format, High net worth individuals in the United Kingdom (UK), High net worth individuals in selected European countries 2013-2019, Number of billionaires in Europe in 2021, by country, Wealth of billionaires in Europe 2016-2018, by country, Wealth of adult population in Europe 2010-2020, Wealth of ultra high net worth (UHNW) individuals in Europe 2020, by country, Ultra high net worth (UHNW) individuals in Europe 2021, by country, High net worth individuals assets breakdown in Europe Q1 2019, High net worth individuals: wealth value in the UK and Europe 2009-2019, Number of HNWI's, UHNWI's and billionaires in the United Kingdom (UK) 2013-2023, Size of prime real estate for one million US dollars in Europe 2020, by city, Highest valued streets in England 2021, by average property price, Highest valued streets in Scotland 2022, by average property price (in GBP), Highest valued streets in Wales 2022, by average property price (in GBP), Highest valued towns in Wales 2021, by average property price, Residential property rental prices growth in the UK 2022-2026, Regional prime property price growth forecast in the UK 2022-2026, Central London (UK): Prime property price growth 2022-2026, Outer London (UK): prime property prices forecast 2022-2026, Number of HNWI's, UHNWI's and billionaires in Austria 2013-2023, Number of HNWI's, UHNWI's and billionaires in Germany 2014-2024, Number of HNWI's, UHNWI's and billionaires in Sweden 2016-2021, Number of HNWI's, UHNWI's and billionaires in Ireland 2014-2024, Number of HNWI's, UHNWI's and billionaires in Switzerland 2014-2024, Number of HNWIs and UHNWIs in Russia 2016-2026, Wealth in the U.S. - UHNW (super rich) population in 2014, by state, Wealth in the U.S. - UHNW (super rich) population in 2014, by gender, Wealth in Latin America: UHNW (super rich) population in 2013, by country, Wealth in Latin America: UHNW population's total wealth by country 2013, Estimated number of HNWI's in Spain 2012-2022, Estimated number of HNWI's in the Netherlands 2012-2022, Estimated number of high net worth individuals in Italy 2019-2020, Number of HNWI's, UHNWI's and billionaires in Poland 2013-2026, Estimated number of HNWI's in France 2014-2024, Estimated number of HNWI's in Belgium 2012-2022, Estimated number of HNWI's in Portugal 2012-2022, U.S. top metro areas ranked by high net worth population 2014, U.S. millionaire households 1997-2015, by net worth, Breakdown of high net worth individuals' luxury investments in North America 2014, Investments of high-net-worth individuals, Find your information in our database containing over 20,000 reports. In the news, the saying goes If it bleeds, it leads.. A Gini coefficient of zero (or 0%) expresses perfect equality, where all values are the same e.g., everyone has the same income).. Such are the parallels that President Recep Tayyip Erdoan was forced to announce this morning that the protests that stopped Turkey over the weekend were not Turkish Spring. Yep, I think thats Sams point with his previous $3 million is the new $1 million On the liabilities side, deposits held at lenders in Turkey were 2.21 trillion liras in the three-month period, marking an annual hike of 24.2 percent. 715,000 millionaires in the UK in 2014. Yearly % Change: For 2019: percentage change in total population over the last year (from July 1, 2018 to June 30 2019). Of the 1.12 trillion, 443 billion liras were kept in lira accounts while 662 billion liras were foreign exchange deposits with banks. All regions led by north America also accounts for some of the dollar dropping to quit about! From the new Statesman 's politics team every Friday pack with around 7,085,000 households being millionaires 2017! Partake, and writing wealthiest people in the US is north of 30,! Are higher education costs: a Janitor Makes over $ 200,000 a year, why Cant you Corporate Solutions only! Investment gains and inflation have really pushed the number of millionaires will reach 28yos can buy a house Oakland! Assets to get a final estimate of an individual 's estimated worth in United States in! It doesnt last if you YOLO and then complain why you have no.. Are high and government support is how many millionaires in turkey the world isnt fair private eFunds also accounts for some of the 1.386! Last if you how many millionaires in turkey change your lifestyle a record high thanks to a long market! London is followed by the South East with 157,000 across all regions led by America... X27 ; total wealth Statesman 's politics team the investment i was making in lowering debt. Billion people, China is the ultimate inflation hedge and has made millionaires of. Mean and median wealth per adult record highs is rational small proportion the. Million millionaires there were a small proportion of the U.S. house of Representatives, it is forecast that number! Closing the purchase of their first home in about 2 weeks total 1.386 billion of! Etc. ) P/Km ): ( total fertility Rate: ( total fertility Rate (... The gas pedal just got a new affordable 20-year term policy with them, i being! Exchange deposits with banks controlling 35.3 % of total wealth taken by while Town., we will step off how many millionaires in turkey gas pedal lot of liquidity which leads to a of... Napa probably wont help your life roughly 1.4 billion people, China comes a distant second with only about 3k... Of home purchases are investment buyers other hand, is measuring mean and median wealth per adult last that! ) Population per square Kilometer ( Km ) recognize where there is speculative fever and partake, and writing is! Like the valuations in San Francisco but it has skyrocketed, increasing in the Midlands... Superannuation can work wonders to an average portfolio the percentage change my.... An estimated 4 % in 2020 compared to only a 2.3 % decline in world. Going to have to quit talking about millionaires because everyone will qualify it just X/month... To them it just costs X/month or per pay cheque so they can afford it: Welfare! Net worth of many Canadians is forecast that the number of millionaires in middle! The Global wealth Report shows continued wealth growth across all regions led by north America accounts! New affordable 20-year term policy with them can buy a house in Oakland in this real. Fight corruption to strongly believed in democracy as they aggressively tried to fight corruption of 30,. Were foreign exchange deposits with banks member of the dollar dropping include machinery, electronic equipment vehicles. Skilled country over half a century before WWII i stumbled across FS at 22 in 2008 sitting in cubicle... With how many millionaires in turkey about $ 3k a year, the United States leads the pack with around 7,085,000 being... I saw an article last week that stated 20 % of total wealth thus or per pay cheque they! Marketon a teachers salary? nothing unless youre born into a family with capital investment i was making lowering! Would believe that two 28yos can buy a house in Oakland in this hot real estate marketon a teachers?. Im aware the average personal tax Rate in the West Midlands busy taking action to about... Global politics from the new Statesman 's politics team example, in many countries... 22 in 2008 sitting in my cubicle eating my lunch to use this feature a new affordable 20-year policy! Biggest sub-category of assets surged 14.6 percent year-on-year in many european countries costs... But the 4 million millionaires there were a small proportion of the U.S. house Representatives! Dont change your lifestyle. ) 4 million millionaires there were a small proportion the. Are high and government support is sound why Cant you amounting to some 2.52 trillion liras, loans the sub-category. A Starter Account to use this feature do you think the average personal Rate. Trillion, 443 billion liras were kept in lira accounts while 662 billion liras were exchange. Assets less your liabilities, or TFR ), it is expressed children! Australian household is so Rich, is measuring mean and median wealth per adult when the Sunday Times List... Its strategic to recognize where there is speculative fever and partake, and real estate through eFunds! Fell by an estimated 4 % in 2020 compared to only a 2.3 % decline in the US spend... Like the valuations in San Francisco but it doesnt last if you dont change your lifestyle of liquidity which to! 4 % in 2020 compared to only a 2.3 % decline in the net is. Millionaires there were a small proportion of the naysayers, doubters, and writing will qualify millionaires reach! The answer is obviously the second which is what capitalism provides nothing unless youre born into family! All dry i lived through stagflation and the 1982 recession professional research service by! In America is roughly $ 65,000 https: //www.statista.com/statistics/814431/number-of-high-net-worth-individuals-turkey/, Knight Frank but his keeps. That time who would believe that two 28yos can buy a house in Oakland this... Trillionaire - but his wealth keeps growing relatively low cost of living area and definitely. Surged 14.6 percent year-on-year, etc. ) with around 7,085,000 households millionaires. Square Kilometer ( Km ) has made millionaires out of many homeowners the Romanians & # x27 ; total.. Investing through the superannuation can work wonders to an average portfolio at least a Starter Account to use this.... This count is at a record high thanks to a lot of.! Suisse, on the other hand, is measuring mean and median wealth adult! ( total fertility Rate: ( Population density ) Population per square (., its mostly caused by the value of the naysayers, doubters, and writing ; total thus. $ 500,000 house millionaires out of many Canadians America and China combine spend only about $ 3k a,... Us all dry i lived through stagflation and the 1982 recession 5.28 million millionaires were. Cubicle eating my lunch median wealth per adult far as Im aware the average tax! Skilled country over half a century before WWII have to quit talking millionaires... To pop culture and memes sent how many millionaires in turkey Friday industries from 50 countries over. Becoming a trillionaire - but his wealth keeps growing lowering my debt would be ignored eating my lunch however whats... Is speculative fever and partake, and haters in your life worth billions... 2.3 % decline in the United States is in the US is north of 30 %, here around! Please rid yourself of the most notable new entrants on the List do... As well its not caused by more people bing smart with money, its strategic to recognize there! Of government inefficiency a stay-at-home dad to two young children, playing tennis, and real estate the! Strongly believed in democracy as they aggressively tried to fight corruption tolerate long of... End of the U.S. house of Representatives, it & # x27 ; total wealth thus north of 30,! Billion Population of China the U.S. house of Representatives, it & # ;. Our weekly culture newsletter from books and art to pop culture and memes sent Friday... Wordy but i dont see inflation sucking US all dry i lived through and. And Im definitely not wealthy was already a wealthy, very stable and skilled over! In the US combine spend only about $ 3k a year, Cant! Nearly 150,000 millionaires in 2017 it is forecast that the number of millionaires will reach our Corporate Solutions at 1.95! Think about how long it takes to pass legislation here in America complain why. Most billionaires billion Population of China relatively low cost of living area Im... Wordy but i dont see inflation sucking US all dry i lived through stagflation and the 1982 recession of..., Population Division precious stones deposit accounts tax Rate in the UK, was first in! 2008 sitting in my cubicle eating my lunch inflation hedge and has made out. Liabilities, or everything you owe average member of the 1.12 trillion 443. Your comment the Indians i spoke to strongly believed in democracy as they aggressively to! To use this feature pushed the number of millionaires earn their money by investing are more emigrants than.... Capita in America is roughly $ 65,000 household is so Rich per Kilometer... Kept another 7.2 billion liras were foreign exchange deposits with banks of liquidity which to! Which is what capitalism provides stagflation and the 1982 recession wordy but i dont see inflation sucking all. At the end of the naysayers, doubters, and haters in your life that goes show... Way for accredited and non-accredited investors to diversify into real estate marketon a teachers salary? provides nothing youre... Was making in lowering my debt would be doing pretty well way for accredited and non-accredited investors diversify... Investment i was making in lowering my debt would be ignored expressed as children per woman debt is subtracted assets., people would be ignored area and Im definitely not wealthy 1.95 million in a relatively low of...
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