San Francisco also has the highest median household income in the country. statistic alerts) please log in with your personal account. Currently, 43 Fortune 500 companies that call New York City home include: Verizon, JP Morgan, Pfizer, Citigroup, MetLife, Goldman Sachs, Morgan Stanley, and more. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. Register in seconds and access exclusive features. For instance, billionaires like Zhang Yiming, founder of TikTok, calls the capital city home (with a net worth of about $35.6 billion USD)! New York City, USA: $1,330.000 Billion. Leading cities with the most billionaires in 2022 [Graph]. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. [3] The methodology of calculating GDP may differ between the studies and are widely based on projections and sometimes approximate estimations, notably for cities that are not within the Organisation for Economic Co-operation and Development. 5. Cebu City: $660 million. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com, The World's Most Populated Capital Cities. - Full Size", "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. The Richest Cities are shown below, based on GDP (Gross Domestic Product) data from 2011. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Singapore and New York City tied for the first rank amongst the worlds most expensive cities in 2022, pushing Israels Tel Aviv from the first place in 2021 to the third place in 2022. Follow Us. Both these cities had high inflation and a strong currency. Washington, D.C.. The international city of romance boasts an economically wealthy status. At 35 years old, Mark Zuckerberg is the youngest richest person by more than a decade. The largest economy in states, New York Citys prosperity is rooted in Wall Street. Meanwhile, seven cities in Asia with the common denominator of high-income inequality and low wages dominate the list of the worlds cheapest cities. Visualizing the Global Share of U.S. Stock Markets. But the Nations Valentine has so much more to offer. Learn more about how Statista can support your business. Organisation for Economic Co-operation and Development, List of most expensive cities for expatriate employees, List of country subdivisions by GDP over 200 billion US dollars, "Gross Domestic Product: Implicit Price Deflator", "Standard country or area codes for statistical use (M49): Geographic Regions", "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? This California city is home to prominent billionaires like Mark Zuckerberg, Laurene Powell Jobs, Brian Chesky, and Jack Dorsey, with many of these billionaires possessing assets worth over $8 billion USD. The city-state of Singapore is the wealthiest country in Asia, with a per-capita GDP of . Mapped: Europes Biggest Sources of Electricity by Country, Visualizing the Scale of Global Fossil Fuel Production, Visualizing U.S. The city of rich historical, cultural, political and social significance, New Delhi, ranks second on this list with a GDP of $293.6 billion. UAE in Top 20. 2022 Rankings of Highly Urbanized Cities. When Covid struck, global traveling came to a halt, and for a while Macao even slipped out of the 10 richest nations ranking. For example, Moscow's rich neighborhoods like Rublyovka contain private houses that can cost up to $60 to $80 million! Wealthiest cities (amount in billions . Among Singapores newcomers are gaming tycoons Forrest Li and Gang Ye, cofounders of the online gaming and e-commerce firm Sea; both industries have benefited from people staying indoors and spending more time online. The Top 25 Cities in the World in 2020. It had about 2,000 inhabitants at the time. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. A huge part of this development was the influx of multi-national corporations. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. However, its also a city steeped in industry. Profit from the additional features of your individual account. Its wealthiest resident, Ma Huateng, chairman and CEO of Internet media behemoth Tencent Holdings, is the second-richest person in China, after Alibaba cofounder Jack Ma. In the list of Forbes' Philippines' 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines' Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic. In fact, such diversity plays well in times of economic hardship, which includes the recent downturn caused by the pandemic. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. To this day, Macao is the only country on the list whose per-capita purchasing power is lower than it was before the start of the pandemicabout $125,000 in 2019, down by $40,000 today. There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. 30 in the index, a. Kolkata is the third richest city in South Asia after Mumbai and Delhi. The richest city in the world is Tokyo. Another crucial element is the neighborhood of Zhongguancun. The four cities that made the top 50 in 2019 but did not make . In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Air Cargo News Awards 2020. dnata wins again. Singapore has one of the highest densities of millionaire households in Asia, with over 5% of households having at least $1 million USD in net financial assets. This statistic is not included in your account. The Rhine-Ruhr metropolitan area is the economic power house of Germany. It is home to 304,900 resident millionaires, making it the city with the second most millionaires in the world. Ranked: Americas Best Places to Work in 2023, Mapped: GDP Growth Forecasts by Country, in 2023, Charted: Teslas Unrivaled Profit Margins, Ranked: The Top Online Music Services in the U.S. by Monthly Users. And for the sixth year in a row, more billionaires call New York City home than any other city in the world. 10. This site uses Akismet to reduce spam. 11. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. According to various estimates, the Japanese capital is home to 13.1 to 13.7 million people. Though London had a net gain of one new billionaire this year, this city that appeals to the worlds elite actually has five new billionaire residents who hail from outside the United Kingdom, including Russian brothers, , founders of online gaming firm Playrix; and, , who inherited part of the fortune of her late father, Brazilian healthcare tycoon, in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like, . The top 10 riches cities in the world behind New York City were Tokyo, San Francisco Bay Area, London, Singapore, Los Angeles and Malibu, Chicago, Houston, Beijing, and Shanghai. Boston-Cambridge-Newton, Massachusetts. Kolkata is the financial, commercial and industrial hub of the North East region. Singapore is home to 249,800 millionaires making it the second richest city in Asia after Tokyo. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. In other words, the city produces poor copies of everything from designer fashions to scooters. [1] The list is limited to the top 50 companies, all of which except Elevance Health have annual revenues exceeding US$140 billion. Those include Abhay Vakil, who heads Indias largest paint company, Asian Paints, and the Parekh brothers, who control adhesives and sealants maker Pidilite Industries. Which Countries Have the Lowest Inflation? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Please create an employee account to be able to mark statistics as favorites. London, United Kingdom: $978.402 Billion, 2. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker. Use Ask Statista Research Service. 3. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. This northern Chinese city is not only a hub for luxury brands, it headquarters China's largest companies, many of which are considered in the Fortune Global 500. Learn how your comment data is processed. ", Hurun Research Institute, Leading cities with the most billionaires in 2022 Statista, https://www.statista.com/statistics/299494/billionaires-top-cities/ (last visited March 04, 2023), Leading cities with the most billionaires in 2022 [Graph], Hurun Research Institute, March 17, 2022. Get full access to all features within our Business Solutions. Surprisingly, this is the Big Apples first time atop the ranking. Not surprisingly, China is home to three of these cities, including Hong Kong (SAR). After all, its Philadelphias rich history that fuels the tourist trade that brings over 2 million visitors from both the U.S. and foreign countries every year. 2. Hong Kong is once again the city with the second most billionaires in the world. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Among the top 50, Aruba will climb five spots. 12. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. American retail corporation Walmart has been the world's largest company by revenue since 2014. GM was the best-performing automobile company in the 20th century but has still maintained a top position among the wealthiest car manufacturers. Hong Kong is once again the city with the second most billionaires in the world. The list of top 50 richest football clubs in the world ranked by Forbes have been revealed. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Most of the cities in our list have a similar history in terms of long-standing economical power (Tokyo, Paris, London), while others seem to have gained most of their wealth in the past 2 to 3 decades (San Francisco.). These four cities are home to 228 billionaires. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. A little known fact is that L.A. is the manufacturing center of the country. Tripoli and Tehran, the capitals of Libya and Iran, respectively, follow next on this list, reflecting their weakened economies. Two of those in Beijing are new billionaires this year: of TAL Education Group, both of whom own companies that provide online education and after-school tutoring for students. Macao SAR will climb from 17th in 2020 to 9th in 2021. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Singapores richest resident. Reportedly, the top 20% earners in the city have an average salary of over $280,000 USD, with the top 5% earning over $530,000 USD. Currently, you are using a shared account. Here are the 10 cities in the world with the most billionaires: New York City notched the top spot for the sixth year running, growing its count of billionaire city dwellers by eight compared to 2019. These cities have a combined GDP of $2.4st trillion, equating to more than double that of second-place San Francisco. Japans largest city is home to the Tokyo Stock Exchange, which is one of the largest stock exchanges in Asia by market capitalization. , a member of the citys Raheja real estate clan, who was worth an estimated $2.3 billion last year. Before the Ukraine invasion, Moscow was the economic hub of Russia. Statista. Elon Musk Elon Musk is a South African-born Canadian-American businessman, investor & the richest person in the world. Which Countries are Buying Russian Fossil Fuels? Meanwhile, Barcelona dropped to No. London: 63 Billionaires Since Last Year: +7 Total Net Worth: $316.1 Billion Richest Resident: Len Blavatnik, $32 Billion Seoul is a gorgeous city and the economic hub of South Korea. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Paris, which has topped the ECA list in the past, dropped out of the top 30. Moscow. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. Shanghai. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. The San Francisco Bay Area boasts 276,400 millionaires. To use individual functions (e.g., mark statistics as favourites, set San Francisco also relishes in its reputation as the sixth largest economy in the US. Tokyo may not be as wealthy as New York, but this megacity remains one of the richest cities in Asia. 9 last year. This video will compare the top 50 richest people in the world by net worth in 2020. 1. New York. Access to this and all other statistics on 80,000 topics from, Show sources information Keep in mind that state-owned corporations in China get tremendous government support no matter what the economic conditions, even Global 500 companies like SAIC Motor and China National Petroleum. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. The USA is the only country with a large surface area and population among the highest-ranking nations, ranking eleventh. Chicago, which serves as the home base for 35 Fortune 500 companies, is home to 160,100 millionaires, 340 centimillionaires and 28 . 4, respectively. Richest Places in the World According to a recent study by Forbes, the five richest cities in the world are Tokyo, New York City, Los Angeles, London, and Paris. New York City is also considered the country's leader in finance due to its storied past. A good part of their revenue comes from their port, which is the largest container port in the world. A big economic draw for San Francisco is its close proximity to Silicon Valley. Five are new billionaires from the finance industry, including private equity wizards, . As soon as this statistic is updated, you will immediately be notified via e-mail. The 373-page COA report covered all 81 provinces, 145 out of 146 cities, and 1,447 out of 1,488 municipalities that submitted their 2020 financial statements. In some U.S. cities, however, more than half of all households earn $70,000-plus. (March 17, 2022). Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Makati City: $4.48 billion. The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. (((61/33)^(1/15))^10)*33 and (((33/21)^(1/15))^10)*21. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). New York is the wealthiest city in the worldhome to 345,600 millionaires with a total private wealth that exceeds $3 trillion. It is through the electric car maker Tesla and in space by rocket produced by SpaceX. March 17, 2022. Other Shanghai entrepreneurs are newcomers to the list, including, , who draws his wealth from express delivery firm ZTO Express, and, , whose anime and entertainment site Bilibili, an uptick in demand after it gave residents of locked down areas. , who is also the richest person in the nation. The international megacity is the country's bustling financial and commercial hub, with its economic wealth tied to its services in finance, healthcare, professional and business services, retail, and education. The wealthy city-state has 31 billionaire residents, up from 22 last year, and replaces Seoul in the top 10. New Delhi- GDP $293.6 Billion. Property prices, across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the citys richest, including Hong Kongs sole, Moscow is the only other city among the top 10, besides Shenzhen, where every single billionaire is self-made (as opposed to inheriting a fortune); many have close ties to Russian President Vladimir Putin. Moscow is also home to a population of "nouveau riche" Muscovites and prominent neighborhoods, with properties that can cost millions of dollars. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple. Newcomers to the billionaire ranks who live in San Francisco include private equity dealmaker Orlando Bravo and cloud communications entrepreneur Vlad Shmunis. Otherwise, the city serves as a global financial centre, due to its large abundance of banks, insurance companies, and financial service centres. The Southeast Asian city-state gained nine new billionaires since 2019, while the South Korean capital recorded a net loss of ten members of the three-comma-club. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Founded in 1630, Boston is one of our countries oldest cities. 50 Richest Countries in the World 2020. Tokyo is the most fascinating city to live in but also the most densely packed. Quezon City: $1.69 billion. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Moreover, there are over 25 FortuneGlobal 500companies headquartered in Paris (which are the top companies in the world based on their revenues) including Danone, Sanofi, Christian Dior, and Finatis. Does your team make it in the top fifty richest soccer clubs in 2022? In total, these 30 people control. 4, respectively. In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Penthouses in the 30 Park Place complex are currently listed for 10 times as much. Taguig City: $480 million. The Big Apple has historically been a hub for trade and investment, due to a buzzing port and its very well connected location, with rivers and canal systems reaching out to the midwest. Business Solutions including all features. Furthermore, Los Angeles' wealth is also tied to its appeal to immigrants and innovative companies involved in information and technology. There is a distinction between wealth held by identifiable individual billionaires or a "nuclear family" and the wider notion of an extended family or a historical "dynasty," where the wealth of a . (Video) TOP 10 RICHEST CITIES In The World 2021 (Uncover) Which is the richest city in the world 2022? Surat - City Of Sun. Aside from establishing the NYSE in the early 19th century (formerly known as the New York Stock and Exchange Board), the city was set in a convenient location for trading, due its proximity to the Hudson River and the Great Lakes. U.S. Inflation: How Much Have Prices Increased? Los Angeles, Chicago and Houston round out the top five. Mumbai gained one billionaire resident since 2019, losing five billionaires but adding six newcomers. MacKenzie Scott is an American novelist and philanthropist. Fortune 500 companies located in the Rhine-Ruhr metropolitan area include: ThyssenKrupp AG, RWE AG, Bayer AG, Evonik Industries, among others. The decade-long conflict in Syria weakened the Syrian pound, led to a spiraling inflation and fuel shortages, and further collapsed its economy. It has a diverse stable economy ranging from Gas Extraction and Manufacturing, Companies and Enterprise, and Retail Trade. You need a Statista Account for unlimited access. If youre looking, Read More The 20 Cheapest Places to Buy Land in the U.S. 2022Continue. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. I cover the world's richest people and how they made their billions. E-commerce has seen a boom in China since millions of citizens were locked down in an effort to slow the spread of the coronavirus in January, boosting the fortunes of online retail titans like Colin Huang. Moreover, when it comes to its residents, there are about 9,210 multi-millionaires calling London home, as well as 38 billionaires. However, this megacity is most famous for its thriving entertainment industry, which pumps billions of dollars into the city's (and country's) economy. . Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Hurun Research Institute. 2 on the list, but the city recorded a net loss of eight billionaire residents. It is the largest urban economy on the planet. 2 on the list, but the city recorded a net loss of eight billionaire residents. New York's richest person and former mayor, Michael Bloomberg, is worth $59 billion. Furthermore, 121. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. 1. The Chinese capitals tally of ten-figure-fortunes rose by six since last year to reach 67 billionaires. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. - Mappe, Popolazione, Statistiche Demografiche dell'ISTAT", "Total Real Gross Domestic Product for Wichita, KS (MSA)", "Population estimates by selected Non-ABS Structures, 2010-2020", "China: Gungdng (Prefectures, Cities, Districts and Counties) - Population Statistics, Charts and Map", https://en.wikipedia.org/w/index.php?title=List_of_cities_by_GDP&oldid=1142520927, This page was last edited on 2 March 2023, at 21:41. The TYO encompasses over 3,700 listed companies and a market value estimated at JPY 600 trillion (or approximately $42 billion USD). In an attempt to rank the cities of the world according to wealth, we will use the Purchasing Power Parity (PPP) as a means of comparison. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. In fact, Delhi's population can beat Tokyo by 2028. The Top 15 Cities in Asia in 2020. The headquarters of several cities are also found in Tokyo, which include Honda, Sony, Hitachi, and Mitsubishi. Basically, the metropolitan areas of Maastricht. Zurich, Switzerland - 27.34% Millionaires. Shibuya Crossing, one of the busiest crosswalks in the world, in Tokyo, Japan Tokyo's wealth is also tied to the Tokyo Stock Exchange (TYO), regarded as one of the largest stock exchanges in the world. In addition, Singapores political stability, low crime rate, and high standard of living have also contributed to its appeal as a place to live and work. However, Shanghai is one of Asia's most expensive cities to live in, due to its high cost of living, from real estate to daily transportation. Beijing's richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion. Rankings of Cities and Municipalities are based on the sum of their scores on 4 Pillars: Economic Dynamism, Government Efficiency, Infrastructure, Resiliency, and Innovation.Provincial rankings are based on population and income weighted average of the Overall scores of cities and municipalities under a province. Source: Forbes Music: Beethoven 5th Symphony The third-wealthiest country in Asia is Japan, with just over $5.3 trillion. Among the top 10 richest economies, Ireland has the fastest-growing economy with 13.04%. Besides thriving on industries related to finance, tourism, and media, London's wealth is also linked to the London Stock Exchange (LSE). What is the Cost of Living in New Hampshire? 4. New York, U.S . Luxury services also play a significant factor in Paris' economy, acting as a hub for famous brands like Mot, Cartier, and Louis Vuitton. 2. Blessed with an affordable cost of living, two stunning shorelines, vibrant cities, and swathes of glorious scenery, its understandable, Read More The 10 Best Places to Live in Mexico for AmericansContinue, If you live in Kentucky already, then youll already be well aware that when it comes to crime, the Bluegrass State is doing pretty well for itself. 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. Adding to the diversity are biotech companies and information technologies. $516.5. 10. The richest person in New York City is Bloomberg LP founder and former Mayor, $1 billion of his $48 billion fortune on a failed presidential campaign before dropping out in March to endorse Joe Biden. 3. Situated in the southern part of California, Los Angeles is known for its large population of celebrities, tech moguls, and the financially fortunate. Where are the German and Chinese Cities? New York City: 107 Billionaires. Dublin is the wealthiest city, with a per capita income of $115,094. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Sweeping sunsets, desert landscape, and breathtaking canyonsthese are the things that most everyone think of when someone says Arizona. + - Leaflet | Tiles OpenMapTiles | Data OpenStreetMap contributors Income distibution for all U.S. cities 2. Washington, District of Columbia: $578.985 Billion, 4. Tourism is another major contributor to the economy of Philadelphia. This city's success is due to its industrial and manufacturing activity, made up of a technology-savvy and highly skilled work force. While Shenzhens export-led manufacturers have. This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the worlds wealthiest cities. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. You can only download this statistic as a Premium user. Asia is the region with the second most millionaires with six cities in the mix. Property prices fell across the board in Hong Kong in late 2019, damaging the real estate industry that is the source of wealth for many of the citys richest, including Hong Kongs sole newcomer real estate developer Lun Ruixiang. NYC has held the title of the wealthiest city in the world for many decades now, housing around 59 billionaires and a whopping 345,600 millionaires! Newcomers from other sectors also joined the ranks, including AI pioneer, Hong Kong remains No. Among Singapores newcomers are gaming tycoons, , cofounders of the online gaming and e-commerce firm Sea; both industries have. A massive powerhouse in Seoul is Samsung. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Dubai in top 10. Being the largest city of the country, Mumbai is extensively . This is due in part to the countrys strong economic growth and favorable business environment, which has attracted many wealthy individuals and families to the country. If you live in a city where many residents find it challenging to put a roof over their heads, food on their plates, and make ends meet, you live in an expensive city. When is it OK to Buy a House Site Unseen as an Investor? Monaco - 29.21% Millionaires. "Leading cities with the most billionaires in 2022." 6 and No. Richest Cities in the World. Various lists of the richest families in the world (excluding royal families or autocratic ruling dynasties) are published internationally, by Forbes as well as other business magazines.. The collective net worth of the citys billionaires is $424 billion, down $45.7 billion from a year ago. The city employs 36,000 people and is home to some 75, 00 people. Geneva, Switzerland - 17.92% Millionaires. Additionally, approximately 18% of Japan's universities are found in Tokyo. These four cities are, Singapore broke into the top 10, replacing Seoul, which was No.
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