Aparna Khurjekar, the newly appointed Chief Revenue Officer for Verizons Business Markets and SaaS division, to discusses her customer-first leadership style, the strategic intent behind the creation of the new division and growing challenges for small and medium-sized businesses. Learn more about it here and start interacting with your neighbors on Patch. Karen Pritzker of Branford was ranked 121 on the Forbes 400 list of wealthiest Americans with a current net worth of $4.1 billion. After Jay's mother nagged him to find a business for his younger engineer brother to run, Jay bought Colson Corp., a troubled manufacturer of wheelchairs and bicycles. The Pritzkers also built the industrial conglomerate, Marmon Group. Additionally, Teddi participated in the Silver Oak Jumper Tournament in Burlington, Massachusetts, and the Great Lakes Equestrian Festival in Traverse County, Michigan, in 2020. Occupation: Investor, PSP Capital Partners. - December 2001: Tom agrees to redistribute the value of Western General and Triton stakes to other Pritzker heirs. Military Library. [5][6][7] By 2011, the dissolution had been completed, and the cousins had gone their separate ways, with some pursuing business, and others philanthropic or artistic ventures. $4.2 Billion Karen Pritzker Wiki Biography Karen L. Pritzker, the granddaughter of A.N. Gusty winds add new twist to brush fires in CT, officials say, What's next for the nuclear waste that's been in CT for 50 years, Building emissions are a key climate change contributor in CT, After decades in unmarked grave, CT homicide victim put to rest. Ms. . $2.5 billion, according to our most recent tally. TEAM | pvfamilyoffice . - Triton Holdings: Operates one of the world's largest fleets of marine cargo containers. Her father-daughter bond served as a motivating factor forincreasing her visibility. Says a longtime family adviser: "Jay was the most remarkable person who ever lived. columbia tennis center sc Occupation: Investor, Matthew Pritzker Co. Activities: Through his private equity fund, his portfolio includes Chicago's HomeMade Pizza Co. and personal-care company Hugo Naturals. Karen L. Pritzker, the granddaughter of Anugrah Narayan Pritzker and daughter of Robert Pritzker is an American billionaire, investor, and philanthropist. The Robert A. Pritzker Prize for Leadership in Parkinson's Research, awarded annually by MJFF since 2011, was established by Karen Pritzker, daughter of Robert A. Pritzker, and her late husband, investor Michael Vlock. REGAN PRITZKER Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. They have trouble retrieving spoken words and reading quickly, which of course can make them anxious in competitive situations in schools. Karen also funded a new website named Truth in Advertising (TinA), tina.org, that provides information about incidents of false advertising. The family controls more than 100 businesses as varied as aviation and water purification systems. Jewish immigrant from Russia who arrived in Chicago at age 10. Karen Pritzker Age: 53 Primary residence: Connecticut Married, four children Occupation: Philanthropist Activities: A former editor at Working Mother and McCall's magazines, she is a co-founder. Pritzker (d. 1986), built industrial conglomerate Marmon and Hyatt hotels. Her brother, Matthew, later joined the suit. Runs Geolo, a private equity fund that invests in entertainment, hospitality and retailing. Her Seedlings Foundation supports the physical and mental health of children, and is one of the top-giving foundations in Connecticut. The family has been divesting its assets: in 2006, the family sold Conwood, a smokeless tobacco company, for $3.5 billion to cigarette company Reynolds American Inc; in 2007, the family sold control of the Marmon Group to Warren Buffett's Berkshire Hathaway for $4.5 billion; and in 2010, the family sold its majority stake in Transunion, the Chicago-based credit reporting company, for an undisclosed amount to Chicago-based private-equity firm Madison Dearborn Partners. Jay was brilliant, by all accounts, a consummate dealmaker who strongly believed in the Pritzker work ethic--that everyone should contribute to the family's wealth and not expect to be handed money earned by others. Social Security Sues 32 Year-Old For Benefits He Received 21 Years Ago, At Age 11! Volume 65 Number 17 | University of Pennsylvania Almanac Since Pritzker's family also owns the Hyatt hotel chain, we can only assume the level of luxe life Teddi lives. Along with husband Michael Vlock and Elon Boms, she co-founded LaunchCapital, a premiere seed-stage investment firm with a portfolio of over 200 technology, consumer, medical device, and biotech companies. M.K. Karen Pritzker - Alchetron, The Free Social Encyclopedia Within the Pritzker Organization, the Elgin arrangement was referred to as a "turbo" promote. Not long after, Jay suffered the first of several heart attacks. For more information about screenings or to host a screening, go to www.thebigpicturemovie.com. Its fortune arose in the 20th centuryparticularly through the founding and expansion of the Hyatt hotel corporation. Karen helped establish the Yale Center for Dyslexia & Creativity, which advocates for those with dyslexia and aims to educate others about dyslexia. Email brian.mccready@patch.com. ), Tim Ryan (D-Ohio), and Steve Sisolak (D-Nevada). He is responsible for evaluating investments and for portfolio company management. Lives in San Francisco. Who's JB Pritzker's Wife Mary Kathryn Muenster? Untold Facts - CelebSuburb Her grandfather, A.N. Furthermore, the gorgeous girl has a younger brother named Donny Pritzker. [2], The Pritzker family is of Jewish descent,[3] and based in Chicago, Illinois. Lives in Connecticut. Some family members are still upset at discovering four years ago that two large Pritzker companies were placed in an offshore trust fund benefiting Tom and his immediate family. The governor isnt enthusiastic. Also leases passenger and freight aircraft. ", Bachelor of Arts/Science, Northwestern University. In addition to the primary residence on Astor Street in Chicago's Gold Coast, Teddi's billionaire father also owns an equestrian farm in Wisconsin and Casa Del Sueno Retreat in Lake Geneva. Karen L. Pritzker daughter Linda Pritzker daughter Irene Pritzker ex-wife Private child Private child Abram Nicholas Pritzker father Fanny L. Pritzker mother Jay Arthur Pritzker brother Donald Pritzker brother Private step-parent About Robert Pritzker https://en.wikipedia.org/wiki/Robert_Pritzker Karen is currently serving on the board of Grameen America, an organization that provides no-interest loans to women entrepreneurs in underserved communities. Keep in touch witheBiographyPostfor more updates onCelebrity News,Celebrity Bio, Net WorthBusinessperson,Sports,Crime, and Rumor. [1] The family has been divesting its assets: in 2006, the family sold Conwood, a smokeless tobacco company, for $3.5 billion to cigarette company Reynolds American Inc;[8] in 2007, the family sold control of the Marmon Group to Warren Buffett's Berkshire Hathaway for $4.5 billion;[1] and in 2010, the family sold its majority stake in Transunion, the Chicago-based credit reporting company, for an undisclosed amount to Chicago-based private-equity firm Madison Dearborn Partners. In 2012 for President Obamas re-election campaign, Jason helped build the field organization from a staff of 5 to over 200 in a key battleground state. Fox Foundation for Parkinson's Research, in honor of her father who had Parkinson's disease. He also has bought distressed real estate. Beyond that, she has produced three of the highest selling educational videos on topics in education and mental health. Lives in Los Angeles. Reflects change since 5 pm ET of prior trading day. Image Source: JB Pritzker's Instagram. Resides in New Haven, CT Metropolitan Area. JB, Teddi's father, is an American politician, businessman, and philanthropist who now holds the office as the 43rd governor of Illinois. Today, she an avid traveler, reader, and mother of four adult children. Jay, an attorney like his father, ran the Pritzker empire with panache. Studied law at Harvard and joined his father's firm, Pritzker & Pritzker. Songwriter and member of Sonia Dada, rock-soul band. Most people are more familiar with Teddi as JB Pritzker's daughterrather than her equestrian career. On Wednesday, Illinois Gov. Teddi Pritzker is an equestrian and has competed in many horse-racing events . "That's one of the real messages of the film," said Pritzker. In a written statement, Tom and four other family members said: "We note that portions of your story relating to the Abigail Marshall Trust and the Elgin Grand Victoria Casino (which are the only topics that were presented to us by the Tribune) are from anonymous sources who refuse to be identified by name. Activities: He has remained involved in many family businesses and philanthropic efforts, serving as chairman of Marmon Holdings and a director at Royal Caribbean and the Pritzker Foundation. The family faced several backlashes in the peak covid era due to this. Pritzker's KPJR Films produced a documentary about "Joy Luck Club" author Amy Tan that was directed by Robert Redford's late son and featured at Sundance this year. She also competed in the Winter Equestrian Festival in Palm Beach, Florida, while her father was declaring a state of emergency during the covid insurgency. [4] When the former died in 1999, the family split the business into 11 pieces worth $1.4 billion each[4] (and chose to settle a lawsuit from two family members, who apparently received $500 million each, in 2005). - Conwood Co.: Chewing tobacco-maker whose snuff brands include Kodiak and Union Workman. 1953), an American lama in the Tibetan Buddhist tradition. The idea for the documentary came from Karen Pritzker of Branford, who has been an active volunteer at the Yale Center for Dyslexia and Creativity. Teddi Pritzker's father, a resident of Chicago and a member of the affluent Pritzker family, founded many venture capital and investment firms. Foundation Honors Two Leading Scientists in Parkinson's and Dystonia At age 29, Tom took the reins. Fox Foundation for Parkinson's Research. In 1980, her father remarried to Irene Dryburgh with whom he had two children: Matthew Pritzker and Liesel Pritzker Simmons. Pritzker, 56, is a member of the Chicago-based Pritzker family. Karen Pritzker is the daughter of Robert Alan Pritzker. Under the plan, Tom has until 2011 to divest the family's assets. Did You Know J.B. Pritzker's Daughter Teddi Pritzker Is Into Horses ?. Through a series of such deals, Tom, Nick and Penny took in more than $600 million, much of it after 1995 when Jay stepped down, the sources say. Robert A. Pritzker Center for Meteoritics and Polar Studies in the, This page was last edited on 27 April 2023, at 11:29. Karen Pritzker Her husband had previously started the first television station in the country aimed solely at a Jewish audience. Tom's methodical, private approach to things suited him well in business, and he grew into his role as Jay's successor. All of them have learned ways of studying that have helped them to compensate for their dyslexia. She has two siblings, Jennifer Pritzker (born James N. Pritzker in 1950) 7 and Karen Pritzker, born in 1958. Immensely loved daughter Teddi went to Francis W. Parker School. Having learned the ropes at a young age as the daughter of a business legend, she has been the force behind a diverse array of ventures in market-leading technologies and companies for more than 25 years, seeing through the success of at least 100 entities, including Alopexx, Valerion, Gelesis and Pico Trading. 2023 Forbes Media LLC. The Robert A. Pritzker Prize for Leadership in Parkinson's Research is made possible by Karen Pritzker, daughter of Robert A. Pritzker, and her husband, investor Michael Vlock. "They were way, way too big.". Melissa Harris and Julie Wernau and Chicago Tribune reporters. 'Enjoy The Many New Updates' This Branford Home Has To Offer, Art Auction Fundraiser for the Community Dining Room, Free College Admissions & Financial Aid Workshop. Lives in Chicago. Hillary Clinton presidential campaign, 2008, List of largest houses in the Los Angeles Metropolitan Area, List of largest houses in the United States, "Rapidly, Buffett Secures a Deal for $4.5 Billion", "Penny Pritzker Shows Why She Got Buffett to Aid Obama", "$900 Million Accord Enables Breakup of Pritzker Dynasty", "Judge sets hearing on sealed Pritzker cases", "Pritzker family agreement to divide wealth comes to a close", "So Many Pritzkers, So Much Philanthropy: Meet This Top Family of Givers", "Billionaire Backer Of Open Transgender Military Service Comes Out As Transgender", "James Pritzker opens new chapter in her life", "JB Pritzker wins the Illinois Democratic primary facing off against a deeply unpopular Republican governor in a blue state this fall", "Forbes Billionaires 2023: The Richest People In The World", https://en.wikipedia.org/w/index.php?title=Pritzker_family&oldid=1151975591, American people of Ukrainian-Jewish descent, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Jacob Pritzker (18311896) and Sophia Schwarzman (18501910), Nicholas Pritzker (18711957), Jewish immigrant from, Richard S. Pritzker (1944-2015), married Lori Hart, Pritzker College Prep, a Campus of the Noble Network of Charter High Schools, Pritzker Institute of Biomedical Science and Engineering at the, Pritzker Legal Research Center at Northwestern, Pritzker Marine Biological Research Center at, Pritzker Galleries of Impressionism and Post-Impressionism at the. Lives in Montana. The Robert A. Pritzker Prize for Leadership in Parkinson's Research is made possible by Karen Pritzker, daughter of Robert A. Pritzker, and her husband, investor Michael Vlock. This is why certain things are difficult for you.' Karen Pritzker is one of 11 billionaire Pritzker heirs. Biography. Resilience goes hand in hand with adaptability and agility the top two leadership qualities linked to driving change and altering a companys direction. The beneficiaries of the new trust are Tom, Margot and their children. The Michael J. Fox Foundation for Parkinson's Research Honors J Pritzker co-founded The My Hero Project with Rita Stern Milch in 1995. Around Christmas that year, Jay's oldest child, Nancy, committed suicide. From his office, Tom oversees a business empire that is one of Chicago's largest corporations. Lives in Chicago. Wishing nothing but the best in every area Teddi decides to march! In addition, she is the Chairman of the Board of the Colson Associates, a medical device conglomerate that generates approximately $500M in revenue annually and employs over 1,000 people. Updated: June 15, 2022 / 2022 Wealthiest people in CT. Wealthiest People in CT: 5. They also created the Hyatt Hotel chain in 1957 and owned Braniff Airlines from 19831988. Teddi Pritzker is mostly recognized as J.B. Pritzker's daughter. Schwartz has learned Spanish, Farsi and Arabic. Its primary focus is education. As president of the Seedlings Foundation, Karens investments extend beyond corporations and technologies and into social and community good works. In the 1980s, the family bought Braniff Airlines and was a bidder in the storied takeover battle for RJR Nabisco. But some of the promotes taken by the triumvirate were many times greater than the rewards Jay bestowed. From basic models to state-of-the-art machines, here are our top picks for 2023. During Womens History Month each March, we celebrate the contributions of women to Americas ongoing story, whether through academia, the arts or industry. Here are some of the best-dressed VIPs who brought their best style. [2] In 1981, her mother remarried Albert B. Ratner, the co-chairman of Cleveland-based real estate developer Forest City Enterprises. Theodora Pritzker, commonly known as Teddi Pritzker, is well-known for being JB Pritzker 's daughter. Did You Know J.B. Pritzker's Daughter Teddi Pritzker Is Into Horses ? Helena Schneider (Rob Schneider's wife) Age/ Husband/ Family/ Career Net worth and Facts . Estimated annual revenue of close to $5 billion. Tom, an attorney like his father and grandfather, is now a masterful businessman in his own right, his supporters say. The daughter of Jay's brother Robert, Liesel Pritzker, filed a lawsuit in 2002 alleging that Tom and Bob had emptied her trust funds of nearly $1 billion. Karen L. Pritzker (born 1958), the granddaughter of A.N. - TransUnion: One of the nation's three largest credit bureaus, which reports payment histories for millions of consumers. By 2013, it reached 194 countries. Heads a hightech and manufacturing private equity firm with brother J.B. Bought an airport hotel in 1957, the beginning of the Hyatt chain. Jay and Bob won the respect of such legendary businessmen as Warren Buffett and Maurice Greenberg, then chief executive of AIG, the giant insurance company. "If they don't put it together, every deal has wasted time, wasted effort, fewer degrees of flexibility and more haggling," said Joe Astrachan, director of the Cox Family Enterprise Center at Kennesaw State University. Renowned Hollywood personality who made her breakthrough Gail Zappa became renowned as legendary singer Frank Use of this web site constitute acceptance of the Terms of Use and Privacy PolicyGDPR | User published content is licensed under a Creative Common License. Heads the $15 billion Pritzker empire. On the first day of November 2001, Tom's mother-in-law used special powers under the trust agreement to transfer the company stakes into the Marshall Family Trust, according to documents. Before he signed on, Tom took the opportunity to tell his dad what he thought about how the family business had been operated, according to a source knowledgeable about the family's history. The family members who had been upset with Tom agreed not to take the issue to court. She has actively participated in a competition at Wayne, Illinois' Lamplight Equestrian Center, and 2019 saw Miss Pritzker earning first place in the Junior Hunter Classic at the same event. Sponsors two Web sites, MyHero.com and ReadToGrow.com, which provide books to children. ( Also chairman of Hyatt Foundation, which established the Pritzker Architecture Prize; chairman of Art Institute of Chicago. Jason Gray is a Vice President of the Pritzker Vlock Family Office. Sources: Company reports and regulatory filings. He is also an active member of the community, sitting on the board of ACIR an organization focused on investor responsibility at Yale University. Restoring any closed widgets or categories. Occupation: Investor, Geolo Capital, his private equity firm. Born into wealth, Tom never shared his father's gregarious nature and intuitive approach to business, say those who know him well. Occupation: Musician, filmmaker ("Louis" and "Bolden"). The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (staying in the top 10 of Forbes magazine's "America's Richest Families" list since the magazine began such listings in 1982). Their gift. Subsequent to the Pritzker statement, the Tribune raised other issues. The dispute with the two Pritzkers was quietly settled in January, with Liesel and Matthew relinquishing their claim on family assets in exchange for $500 million each. JB, however, dislikes when his little girl is forced into the spotlight. She is also a Hyatt director, chairman of TransUnion and co-founder and chairman of Vi, a developer and operator of high-end retirement communities. He listed several achievements, notably the creation of over 30,000 cannabis-related jobs in the state since 2020 when cannabis became legal for adult use. Supports conservative causes and research in Antarctica. Subsequently, ownership stakes in two Pritzker companies--Triton Holdings and Western General Insurance--are transferred to the Abigail Marshall Trust. [1] Her husband died in September 2017. The suit was settled this year, allowing the family to proceed with a secret agreement to divvy up the $15 billion fortune that includes the Hyatt hotel chain and interests as different as cruise lines and tobacco. Jay dies in 1999. With a reported $4.9 billion pocketbook, according to Forbes, Branford heiress Karen Pritzker wants to make the world a better place. She is into horses and competes in horse jumping with Team Wellesand is seen on highlights on the team's website. Having learned the ropes at a young age as the daughter of a business legend, she has been the force behind a diverse array of ventures in market-leading technologies and companies for more than 25 years, seeing through the success of at least 100 entities, including Alopexx, Valerion, Gelesis and Pico Trading. Contributes to Buddhist causes. Taught himself English by reading the Chicago Tribune. They also created the Hyatt Hotel chain in 1957 and owned Braniff Airlines from 19831988. Activities: Is a trustee of the Jay Pritzker Foundation along with his wife, Karen; has built the Jay Pritzker Academy in Ta Chet, Cambodia; and supported Providence St. Mel School in Chicago and Tufts University. Elon is an active board member to over 10 companies and the Chairman of LaunchCaptial. Through dozens of such acquisitions, Jay and Bob built the Marmon Group over a period of 50 years into a Chicago-based conglomerate with more than $5 billion in revenue. No one disputes that Jay himself handed out finders' fees and equity kickers that typically were in the mid-single-digit percentage range. Activities: In addition to launching her own private equity firm this year, she is chairwoman of Artemis Real Estate Partners, which invests in distressed real estate, and is on the Chicago Public Schools board. Take Steven Spielberg, for instance -- or author John Irving, financier Charles Schwab, business magnate Richard Branson, playwright Wendy Wasserstein, high-profile lawyer David Boies or California lieutenant governor Gavin Newsom. A devoted philanthropist, her positive impact can be felt in the fields of education, mental health, and healthcare. - Summer 2000: Dissident family members send letter to Tom saying it is time to rethink the cohesive structure of the Pritzker holdings. You have to find the work style that works for you. Muenster . 1950. Jungian therapist and political activist. Designer dresses, shoes, watches, bags, glasses, and jewels come to Teddi whenever she wants. Even now, some family members remain unhappy in spite of inheritances that will exceed $1 billion each. CT Gov. from Northwestern University. "No one had a problem with promotes, but these were unreasonable promotes," said a source close to the family. Revenue exceeded $6 billion in 2004. An engineer who specialized in turning around underperforming companies. She is one of twelve surviving grandchildren of patriarch A.N. About 10 million children -- or one in five -- have the disorder, yet many go undiagnosed and suffer from anxiety and shame over their difficulty with reading and retrieving spoken words. Ran unsuccessfully as a Democrat in a 1998 Illinois congressional primary. They have a daughter, Teddi [Theodora] named after M.K.'s father, and a son Donny, named after Pritzker's late father, Donald. The Pritzkers, Chicago's wealthiest family, built a humble law practice into a multifaceted empire that encompasses businesses as varied as hotels and manufacturing operations around the world. Submit a correction suggestion and help us fix it! Pritzker and daughter of Robert Pritzker is an American billionaire, investor, and philanthropist. Now Schwartz joins with three other young people telling their stories of struggle and triumph in a new HBO documentary, "The Big Picture: Rethinking Dyslexia," that will air at 7 p.m. Monday. Curious about how our new commenting platform, Disqus, works? The Robert A. Pritzker Prize for Leadership in Parkinson's Research was established by Karen Pritzker, daughter of Robert A. Pritzker, and her late husband, investor Michael Vlock. She has invested in public companies. from Northwestern University. If there wasn't a family business for him to lead, Tom might have practiced law or become a full-time scholar of Himalayan culture, a longtime passion. The sensitivity over the trust transfers can be better understood in the context of how the family has operated for almost a century, keeping its money together and discouraging individual displays of wealth. It was Tom's first big test at a time when Jay needed help. Bob Pritzker took over Colson and turned it into a moneymaker. A sign of his success is the new Pritzker headquarters, the gleaming glass Hyatt Center at 71 S. Wacker Drive designed by well-known architect Harry Cobb of Pei Cobb Freed & Partners. Image Source: True North Stables' Facebook. mentioned in the article. Initially the Abigail Marshall Trust was capitalized with $25,000, according to documents. Her cousin is J. Prior to their divorce in 1989, they had two children: [5] [13] She is a member of the Pritzker family. NEW YORK, Nov. 18, 2019 /PRNewswire/ -- The Michael J. Teddi Pritzker is mostly recognized as J.B. Pritzker's daughter. Until June 2010, he was a director at TransUnion. ", "The bottom line is that Tom has created many billions of dollars of value for his siblings and cousins," said Mel Klein, a longtime business partner and friend of the Pritzker family. His second marriage produced two children, Matthew and Liesel, who later sued him over almost emptying their trust funds. Contrary to the consensus, this father-daughter duo does not enjoy the attention that comes with being famous. Michael J. Fox Foundation Honors Virginia Man-Yee Lee, PhD - BioSpace But then, as Redford tells it, he realized they had lots of good material. Not only Floridians but the whole American population spoke about it. Karen L. Pritzker (born 1958) is a documentary film producer, investor, and philanthropist. Some of these sources spoke on the condition that they not be identified. Pritzker was born to a Jewish family in Chicago, Illinois, the daughter of Audrey (ne Gilbert) and Robert Pritzker. Jennifer Natalya Pritzker (born James Nicholas Pritzker; August 13, 1950) is an American investor, philanthropist, and member of the Pritzker family.Pritzker retired as a lieutenant colonel from the Illinois Army National Guard (ILARNG) in 2001, and was later made an honorary Illinois colonel.Founder of the Tawani Foundation in 1995, Tawani Enterprises in 1996, and the Pritzker Military . Joined his sister, Liesel, in suing their father, Bob, and cousin Tom for allegedly looting their trust funds of more than $1 billion during post-divorce spats between Bob and their mother. [9] Pritzker invests her wealth through an investment portfolio, the Pritzker/Vlock family office which manages a diverse asset base of emerging biotechnology, medical device companies, consumer technology products, and real estate. [12] In 1980, he married Australian Irene Dryburgh, whom he met while she worked at a Hyatt hotel in Australia. The University of Chicagos Institute of Politics (UCIP ) has announced its latest class of Pritzker Fellows, a group that includes Beto ORourke (D-Texas. Among numerous peopleattending Lollapalooza in the summer of 2021, Teddi shared photos of herself without a mask. She is a member of the Pritzker family, the granddaughter of A.N. Previously Married To Chris Robinson, Where Is Lala Sloatman Now? [25] The purpose of the effort is to "celebrate the best of humanity and empowers young people to realize their own potential to effect positive change in the world". I enjoy creating and spreading knowledgeable content for everyone around the world and try my best not to leave even the smallest of mistakes go unnoticed. Sources close to Tom, Nick and Penny say they were entitled to the promotes for devoting their careers to the family business.

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