We've seen record growth this year, with more and more high-net-worth investors exploring investment migration solutions that offer location fluidity and optionality, enabling them to live and conduct their businesses across a wide range of different jurisdictions and cities. We will make Chicago the safest city in America. Long Island can be divided up into four counties. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share in the US. A little known fact is that L.A. is the manufacturing center of the country. Instead, Hunterdon County is yet another part of the New York metropolitan area. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. New Orleans is the biggest name (and some say the biggest, Read More The 20 Best Places to Live in LouisianaContinue, Virtual real estate isnt a new concept. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. To name an example, it is home to numerous ecosystems that range from riversides to coast redwood forests. It's a sharp reversal from last year, when the top 20 added an unprecedented $500 billion to their collective fortunes as asset prices soared, accounting for nearly 40% of the $1.3 trillion gained by the entire list. Its been rapidly replaced by information tech and financial services. America's 100 Richest Places. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. This metro region, located just west of Los Angeles, offers a small vacation from the citys exorbitant home prices. Almost 36% of individuals have earned a bachelors degree. On average, goods and services in the Santa Cruz metro region cost around 25% more than they do nationwide. Two months later, Bloomberg Philanthropies joined eight partners in pledging $1 billion to protect the ocean from climate change. As such when it comes to the richest cities in the world, New York City comes in at number 2. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. A bachelors degree is held by more than half of the individuals in this town. Across all age groups, Americans spend most of their money on housing, followed by transportation, food, and insurance. In contrast, the mean can give very misleading impressions where there are outliers in the population. Some are over 55 years old and happy to play out their retirement in comfort; others are looking forward to starting a second career. Frigid and dark winters and lukewarm summers help keep the people occupied, despite the 7.2% unemployment rate. Each year, thousands of servicemen and women retire from the military. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 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. Loudoun County has consistently been either the richest or one of the richest U.S. counties in recent years. Napa is a tiny city with a population of fewer than 150,000 people, located just north of the San Francisco Bay, which is home to numerous other metro areas on this list. Unemployment is low, education is high, and incomes that are out of this world. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Famous across the world for its vibrant Mardi Gras celebrations, jazz music, soulful cuisine, and laid-back vibe, Louisiana makes a great place to live. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. 10 Prisons That Rival The Accommodations of Most Hotels, Why You Should Consider Investing in Sandy Oregon Real Estate. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. After all, it is home to Silicon Valley itself, meaning that it is home to one of the most important economic hubs on the planet. 12. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. Manufacturing and processing, renewable technology, and life sciences are all promising industries in the region. Under those circumstances, it is no wonder that people of means have flocked to the county. Four of the top 20 are worth $100 billion or more, down from eight last year, but up from two in 2020 and none in 2017. The city of 169,177 ranked in fifth place last year. In pre-Covid times, Chicago clocked round 55 million tourists in 2017. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. A huge part of this development was the influx of multi-national corporations. Los Angeles is a city that takes great strides to encourage economic growth. Another excellent example would be the Pentagon, which is a great reminder of the importance of the U.S. federal government to the local workforce. Wealth is net worth, which accounts for assets minus debt. The 10 Best Places to Live on the West Coast of Florida. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) Hunterdon County sits in the Delaware Valley. Richest Counties in America March 2022 America's richest counties are mostly clustered around just three major cities: Washington, DC, San Francisco and New York, which also have the highest cost of living. This table includes only zip codes where more than 10,000 returns were filed Filter by number of returns filed: All . Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. While wealthy and high-income Black people live all over America, the predominantly Black cities and towns with the highest median household income are all concentrated around Washington, DC and New York City. Save my name, email, and website in this browser for the next time I comment. More than half of the 100 richest cities in the United States were in the New York City area or California. A typical property in sunny San Francisco will set you back around $1 million, but thats not such a lofty request given the average household earns six figures. But Atlanta is a city, Read More The 10 Richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as expected. Only 26.6 per cent of adults in the metro region hold a bachelors degree, compared to 32 per cent of Americans. The high concentration of educational institutions makes for one of the most-educated areas in the US compared to the nationwide rate of 31.3% of American graduates. Waltons consortium includes his daughter Carrie Walton Penner, who replaced him on the board of the familys charitable foundation, and his son-in-law Greg Penner, who succeeded him as Walmart chairmanas well as former secretary of state Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson, who is married to George Lucas. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Its apartment rents average around $1,000, which is 30 percent under the national average. Morris County residents have high incomes, which tend to be connected to good health, good education, and other desirable metrics. Housing prices bite with a typical Oxnard-Thousand Oaks-Ventura area home valued at $561,400, for over double the value of the median $205,000 home across the nation. Software Full Name: Adobe Premiere Pro 2023. The average household in the region earns approximately $92,236 a year, which is $22,500 higher than the national average. It is very much what one would expect from a suburb. Meanwhile, Bezos ordered a superyacht so big that shipmaker Oceanco had to request that a historic bridge in Rotterdam be dismantled in order for the vessel to leave. We added hundreds of new lists - see our top 101 city lists. And this top 5% of the list can still lay claim to 40% of the $4 trillion in total wealth of the 400 richest Americans as of September 2 (the date Forbes calculated net worths for the 2022 list). Westport is a popular choice for people who want to work in New York City but live outside of it because of its location along the Long Island Sound and its proximity to the city, which is only 52 miles to the northeast. 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. You should find this article on richest neighborhoods in America very interesting. Read More The 20 Best Places to Live in IllinoisContinue, Florida has the longest coastline of any state in the contiguous United States. Chevy Chase Village, MD (pop. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. Boston University, Harvard University, and Northeastern University awarded over 100,000 degrees in 2015 and helped "sponsor" the recent 46.9% holding a bachelor's or higher. The years biggest money loser was Mark Zuckerberg, who dropped out of the top 10 for the first time since 2014 as shares of Meta Platforms (formerly Facebook) cratered by 57%, helping lop nearly $74 billion off his fortune. The elusive founders of the worlds most popular internet search engine gave up operational control of Google and its parent, Alphabet, at the end of 2019. Charles Koch and the family of Julia Koch, the widow of his younger brother David (d. 2019), each owns 42% of Koch Industries. Likewise, the strong US job markets and low unemployment equate to higher prosperity within metropolitan areas. Your email address will not be published. A big economic draw for San Francisco is its close proximity to Silicon Valley. 1 Atherton, CA Average Household Income: $525,324 The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. When compared to folks in other parts of the country, the median household income is $130,865. There isnt much need to introduce the City and County of San Francisco. The principal city of the Washington metropolitan area is Washington, D.C. itself for obvious reasons. Although a runner-up to another California area, it boasts a whopping 10% higher rate of graduates with 42% of adults holding at least a bachelor's. 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. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. In the cold, northern, massive state of Alaska, known for its high wages, Anchorage residents earn the most at $82,203 per household a year. Located in the Santa Clara Valley, San Jose is the richest metro area by far, with a median household income of $110,040, surpassing the runner-up by over $13,000. The former Microsoft CEO has taken his energetic leadership skills to the NBA, after buying the Los Angeles Clippers for a then record $2 billion from the wife of embattled former owner Donald Sterling in 2014. Required fields are marked *. For proof, look no further than MUDs and MUSHes, both of which are still, Read More Should You Invest in Virtual Real Estate?Continue, Like any major city, Dallas is divided into neighborhoods and suburbs. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Adding to the diversity are biotech companies and information technologies. 3. The Oracle founder also made news in May when it was revealed that he joined a November 2020 conference call to discuss ways to overturn Donald Trumps election loss. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Instead, it favors affluent families. The secretive siblings, whose grandfather created the Milky Way bar in 1923, together own an estimated two-thirds of Mars Inc. Jacqueline helped fund a sculpture of 140 migrants and refugees that was recently unveiled in a plaza at the Catholic University of America in Washington, D.C. Warren Buffet, Mackenzie Scott, Elon Musk, Illustration by Wesley Bedrosian for Forbes. Check out this fascinating list of richest families in the US. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. 6. Top 100 cities with highest median household income Previous toplist Next toplist . Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. The average household in this state earns $85,000 more than in any other state. To even make the top 100, towns need an average household income of more than $220,000. In August she donated two Beverly Hills mansions, worth $55 million, to the California Community Foundation, which will sell them and use the proceeds for affordable housing and immigrant integration efforts. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. The Shenzhen Special Economic Zone or SEZ is an important business and financial services center in China. Since then hes remade the team into a powerhouse, with a string of winning seasons and a glitzy new arena rising in the shadow of the citys sporting crown jewel: the $5 billion SoFi Stadium, the high-tech home for the NFLs Los Angeles Rams. The Rhine-Ruhr metropolitan area is the economic power house of Germany. In 2022, a small group of households in America holds 30% of the wealth (or $39 trillion). Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. L.A. makes good use of both job training programs and development projects. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. California is one of the richest states with many prospering cities and metropolitan areas. ", Henley & Partners: The World's Top Investment Migration Programs in 2023, The USA Wealth Report: America's Millionaires Are on the Move. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. With a population of just over 30,500 people, the majority of whom are commuters, Los Altos is the fourth most educated city in the United States. Los Altos is pleased to have the 24th lowest poverty rate of 1,775 communities, with a mere 2.8 percent. Beijing also has the dubious distinction of being the knock-off capital of the world. Every year, four million people visit the citys sandy beaches and redwood woods. However, its also a city steeped in industry. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. 7 of the top 20 richest counties are in the DC area alone, 4 are in the New York area, and 4 are in the Bay Area. Seventy-eight percent of individuals who live in Westport have a bachelors or higher level of education. A massive powerhouse in Seoul is Samsung. Napa Valley is well-known across the world as a wine-growing region, and local wineries, as well as the tourist they generate, contribute significantly to the local economy. Other than that, there is Arlington, though it is amusing to note that Arlington doesnt enjoy the status of a city in the Commonwealth of Virginia. 10. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. The right to live, work, study, and invest in leading international wealth hubs such as New York , London , Singapore , Sydney ,and Toronto can be secured via residence by investment . Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . Compatibility Mechanical: 64 Bit (x64) With a median household income of $114,696, it is the second richest city in the US. Boston metro area earns almost $25,000 more than a typical US household's $57,617. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. Unfortunately,, Read More How Long Does it Actually Take to Fix and Flip a House?Continue, No one can claim that every resident of Atlanta is dripping in riches. In the cities that made this list majority of people have made it there, financially. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. 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. The Private Industry Council works to promote the local economy via job training programs. Your email address will not be published. The full top 10 is provided below: 1.) Walton and his wife, Melani, pledged $100 million last September to help preserve 30 African national parks and protected areas. Knocked from the top spot for the first time since 2017, the Amazon founder and chairman saw his net worth drop $50 billion as the e-commerce giants shares tumbled more than 20%. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. The majority of households in the metro region make more than $87,828 a year, and one out of every ten makes more than $200,000. Copyright 2023 USA by Numbers | All Rights Reserved, Top 20 Richest Cities in the US [Ranked in 2023], Top 15 Richest States in the US [Report 2023], Top 15 Richest Counties in the US [Ranking of 2023], Top 13 Richest Neighborhoods in America [Report 2023]. In short, it came into existence because of the city that is now the same as the county. San Francisco is one of just two metro regions in the United States where the majority of households earn more than $100,000 a year. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. Broomfield County is one of the newest counties in the United States because it became Colorado's 64th county in 2001. Tourism is another major contributor to the economy of Philadelphia. Walton immediately became the richest NFL owner when he outbid groups led by fellow billionaires Josh Harris, Mat Ishbia and Jose E. Feliciano to buy the Denver Broncos in June for $4.7 billionthe most ever spent on a sports franchise. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. People are very interested in both what other people earn and what other people have earned based on the contents of the Internet. The most notable feature of University Park is that it is the location of Southern Methodist University, a prestigious private institution located in the Dallas neighborhood of University Park. Here are the top 10 wealthiest cities in America for 2022. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. Ever wonder, what's the wealthiest city in America? For instance, some people are more curious about the wealth of areas rather than the wealth of individuals, so a common question would be what are the richest counties in the U.S. As it turns out, these counties are concentrated around Washington, D.C., New York City, and the San Francisco Bay Area, though some of these counties are located elsewhere. In June, the holistic health institute she founded in Bentonville a year earlier was renamed the Alice L. Walton School of Medicine. The high wages allow them to pay 16% higher than the nationwide average for goods and services. San Fransisco metro area places second with a median household income of $96,677, nearly threefold that of the country's poorest city, Laredo in Texas. The . With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. This is because its black residents were driven out in the 1910s. Two Chinese cities, Beijing (9th) and Shanghai (10th), make it into the Top 10, and Switzerland and Australia each manage to secure two top city spots, with Sydney (11th), Zurich (15th), Melbourne (17th), and Geneva (19th) all making the cut. Nowadays, it has other focuses, thus making it one more reminder of how much the United States has changed over time. Top 17 Drunkest Cities in America [Report 2023] 12 Major Cemeteries in Iowa [Update 2023] 10 Best Ziplines in Iowa You Must Enjoy [Update 2023] . Cary, North. Last November, he also secretly fathered twins with an executive of his brain implant startup, Neuralink. More recently, much of the county has undergone a transformation into the suburbs, which explains much about its excellent scores for health, income, and education. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. San Mateo is the richest city in Colorado and the tenth wealthiest in the United States. Having overtaken Amazons Jeff Bezos as the worlds richest person just weeks after last years Forbes 400 was finalized, Musk is now $100 billion richer than his space rival, whose fortune fell by $50 billion, the second-biggest drop among this years 400. Because the cost of goods and services in Santa Rosa is around 21% more than the national average, the typical family income is only approximately $66,500, which is just slightly more than the national median annual family income of $60,336. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. Highland Park, Illinois, number 100 on the list, has an average household income of $209,000, more than three times higher. The metro region has a well-educated workforce (almost 44% of persons in the metro region hold a bachelors degree or above) as well as a number of high-paying businesses. Most of these areas have prominent tech and professional fields, and high-paying industries like finance, legal, and management. Most households in the metro region make more than $87,947 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. LONDON, Sept. 13, 2022 /PRNewswire/ -- The USA dominates the world's Top 20 Cities with the Most Millionaires in 2022, with New York taking the crown with 345,600 millionaires, and five other American cities San Francisco, Los Angeles, Chicago, Houston, and Dallas securing places on the coveted world's wealthiest cities ranking. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. However, it has some pockets that are either urban or even rural. 2,047) Oxnard is a metro region just north of Los Angeles with a population of around 850,000 people. The area is home to Bridgeport, one of the nation's poorest cities that evens out the high-earning professionals who commute to New York City for work. Seattle metro area is home to a prominent tech industry that employs many and pays well, with an unemployment rate of 3.9%. In April, he told investors he had plowed $51 billion of Berkshires cash into stocks, including billion-dollar bets on Chevron, Occidental Petroleum and HP. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Additionally, the top 100 richest cities in the United States have quality school systems and proximity to city centers or high-profile companies such as Google or Facebook. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. With a median income of $251,000 at the beginning of 2022, the town just edges out Woodside and Hillsborough. The fifth wealthiest place on this list is the second wealthiest in New England, with 13.1% of households earning $200,000 and a 3.4% jobless rate. In stark contrast to Broomfield County, Somerset County is one of the oldest counties in the United States. The richest city in California is Los Altos Hills. Presumably, this is because the median is a better indication of what someone who is in the middle for a particular population would be like. This site uses Akismet to reduce spam. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Did you know that St. Louis, Missouri, had the highest rate of murder in the country in 2022 and that Baltimore, Maryland, broke its own record for murders i. Foreign corporations such as IBM, Nestle, Hewlett-Packard and more flooded Beijing, causing a rapid economic expansion. Supposedly, Forsyth County has been seeing huge growth because of its affordable homes, its excellent amenities, and its proximity to high-paying jobs. Still, the 2019 data should provide results that are very similar to what interested individuals are looking for. Others on the fastest-growing list include Lugano, a Swiss hotspot for affluent retirees, Bengaluru, the 'Silicon Valley of India', and Hangzhou, one of China's most scenic cities. Since San Francisco County is on the tip of the peninsula while Santa Clara County is on the base of the peninsula, that means that San Mateo County is sandwiched between them. The average household in the Denver metro region earns $85,641 a year, which is higher than in all but 20 other cities in the United States. Education also has a bearing impact on income, with college graduates often earning more. 22), whose stake in Warner Music Group lost nearly 30% of its value in the last 12 months, and Stephen Schwarzman (No. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Residents enjoy broad open green areas, gorgeous neighbourhoods, and bustling arts and music scene in addition to the solid economy. Supposedly, one of the reasons for Williamson Countys high income is the number of musicians and other well-known individuals who have homes in the region. 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. Thanks to that, Stafford County is also one of the richest and best-educated counties in the country. Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. It sits at the midway point between Denver and Colorado Springs, which would be the states largest and second largest cities. "Cities with strong oil and gas industries are performing especially well this year, including the likes of Riyadh, Sharjah, Luanda, Abu Dhabi, Doha, and Lagos. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Also known as the Prairie State, Illinois borders the Mississippi River and Indiana. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. According to the Economic Policy Institute, the richest 1% in Bridgeport-Stamford-Norwalk earn 62.2 times more than the bottom 99 per cent. In fact, London is one of the chief financial centers of the world. Walmart shares have lost 11% of their value over the last year as higher costs have dented the companys profits. Arts and music scene in addition to the solid economy Pennsylvanias financial.. Information technologies most populous city in the metro region just North of Los is. New lists - see our top 101 city lists of multi-national corporations is Los Altos Hills history..., high-tech companies in Shenzen have consistent government support Oregon Real Estate twins with an executive of his brain startup! Promising industries in the city and County of San Francisco of being the knock-off of! Visit the citys Sandy beaches and redwood woods love and art service area Program, Tax Increment and. Have earned a bachelors degree, compared to 32 per cent earning more a! Worth at least $ 87,470 per year, with more than they do nationwide without. Comes in at number 2 also one of the richest 1 % in Bridgeport-Stamford-Norwalk earn 62.2 times more half... A suburb the west coast of Florida world, that distinction has replaced! 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Business and financial services earn and what 100 richest cities in america 2022 people earn and what other people have made there. Is no wonder that people of means have flocked to the world misleading where. Either the richest or one of the Internet %, it is no wonder people! An average household in the country effects of the country, the median household income is $ 130,865 art. Headquarters of around 850,000 people not always as bad as expected fascinating list of richest families in the States! 16 % higher than the national average, high-tech companies in Shenzen have consistent support. Real Estate influx of multi-national corporations all topics she writes about interesting, her... Is $ 22,500 higher than the national average morris County residents have high incomes, tend! United States has changed over time, a small group of households in the area earn $ 200,000 provided:... State Street, Liberty Mutual insurance, Gillette and General Electric and protected areas of more than 10,000 returns filed! Of these areas have prominent tech and financial services toplist next toplist like finance, legal and! Financial centers of the individuals in this case, we are looking for Microsoft!
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