Houston is the second-most populous city in Texas, the most populous city in the south, the fourth-most populous in the U.S., and the sixth-most populous in North America. Among those on the list, 86 percent are richer today than they were a year ago, including Austin's recent arrival, Elon Musk, whose wealth grew by $126 billion since last year. There are millions of millionaires scattered throughout the country. 169 Last year's Forbes 400 net worth: $8.6 billion Forbes writes: "His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. The list of billionaires is compiled annually by Forbes magazine.[1][2]. Ray Lee Hunt, 76, of Dallas, $3.5 billion: Hes executive chairman of Hunt Consolidated and an energy and real estate investor. To qualify as a millionaire household, a person or family must have at least $1 million in investable assets. Contents1 Which Texas city has the most millionaires?2 Do rich people live in Houston?3 Where are the most millionaires in Texas?4 Is Houston a [] In Texas, low oil prices have flatlined the growth in some fortunes, like that of San Antonio natural gas tycoon Rod. 'Gotham Knights' kills Batman and replaces him with moody teens, This Houston rodeo food vendor wants you to eat his rattlesnake. The U.S. Census Bureau found in 2019 that over 13 percent of the city's population lives in poverty. Texas ranks as the second most populous state in the U.S., so it would stand to. ", Quote: "I couldn't believe that a journalist could sit there and think that people in this part of the world don't deserve good art. Its incredible, the power of compound interest, and what it can do. The Richest Oil And Gas Billionaires In The World. ", Did you know: "The Houston Texans, the youngest franchise in the NFL, was worth $2.8 billion when [Bob McNair] died, more than four times what he paid. While he figured out some savvy ways to find financial success through banking,. Sid Bass, 77, of Fort Worth, $2.5 billion. Ramsey Solutions National Study of Millionaires was conducted in part by a third party who surveyed more than 10,000 U.S. millionaires nationwide from 2017 to 2018, questioning them about their attitudes and habits. Alice Walton. Related: 10 lessons to learn from the rich. It has been our pleasure to serve neighbors at our Greenville Avenue location for the past 39 years, says Nick Peterson, CEO of Peterson Management Group. Tilman is a third cousin of Frank and Lorenzo Fertitta. That is how most people are becoming millionaires.. Meet the 25 Texas billionaires who have a net worth of $214 billion. While Amazon founder Jeff Bezos lost $46 billion off his net worth in the 2019 rankings after a divorce, he is now listed even higher than before at $179 billion, thanks to a stock market "that has defied the virus," Forbes wrote. He owns multiple oil fields in Alaska, shale in Ohio. That is just such condescension. (January 2021) This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. Robert Rowling, 66, of Dallas, $5.6 billion: He owns Omni Hotels. The team is currently valued at $5.5 billion. See the full 2021 Forbes Billionaires List. Pictured above: The Nancy Lee and Perry R. Bass Performance Hall in Fort Worth is named after Bass' parents. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. 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[1], List of U.S. states by the number of millionaire households, "Phoenix MI Reveals Findings from 2019 Millionaires Report", "Millionaires in America 2020: All 50 States Ranked", https://en.wikipedia.org/w/index.php?title=List_of_U.S._states_by_the_number_of_millionaire_households&oldid=1075678108, This page was last edited on 7 March 2022, at 02:57. ", Did you know: "Rowling still owns Gold's Gym, with 700 locations worldwide. This list is updated from one Forbes released in March, which ranked all billionaires worldwide. Landry's also owns the Golden Nugget casinos, Houston's Kemah Boardwalk, Tower of the Americas in San Antonio and San Luis Resort in Galveston, Texas. HOUSTON -- A new report shows that Texas boasts a wealth of millionaire households - the second highest number in the country, in fact. The Lone Star State, Elon Musk's new home, is aiming to become a rival technology hub to California helped by its low taxes. ", Quote: "The Dallas Cowboys fans are the greatest fans on Earth. The NBA approved the $2.2 billion purchase by Fertitta in October 2017. Greenville Ave denizens should not give up hope: They're seeking a new location in the Greenville Avenue/East Dallas area. 97% of millionaires in the study said they believe they ultimately control their own destiny. Here's where every state stands on math and reading proficiency amid 20-year lows, 10 skills rated most important for kindergarten teachers, How employment of women in the trucking industry has changed over the past 20 years, How spending on public education in every state has changedand where the money comes from. 1 most stressful city for workers in U.S. Former KHOU 11 anchor Lily Jang turns layoff into lucrative real estate career, Your essential and exhaustive guide to 2023 Houston rodeo food, How the Houston Zoo moved its flock of flamingos to a new home, Why the Texans should take Bijan Robinson with the No. The global ranking, compiled by Hurun Report for the last nine years, is a compilation of wealth around the world. He also owns The Joule, a five-star hotel in downtown Dallas. ", Last year's Forbes 400 net worth: $7.5 billion, Forbes writes: "Ann Walton Kroenke is the daughter of Bud Walton, who helped his brother, Sam, build Walmart into a retail giant. Check out the slideshow to see which Texas city has the most millionaires. Worldwide billionaires ranking: No. Robert McNair died on November 23, 2018 at the age of 80. ", Forbes writes: "Scott Duncan and his three older siblings each inherited a stake in their father Dan Duncan's pipeline firm, Enterprise Products Partners, in 2010. ", Did you know: "Dropped out of both Michigan State University and Baylor University. The state's richest person, Ken Griffin, and his hedge fund firm were in the limelight in this year's epic GameStop short squeeze; Griffin, majority owner of Citadel Securities, which executed trades for Robinhood, testified before Congress in February. He and his wife founded the Laura and John Arnold Foundation and in 2012 they gave away over $400 million. Here are the 27 billionaires from Dallas-Fort Worth that Forbes highlighted in its report, along with their estimated net worth, ranked in order of ascending wealth: 27. Let's take a look at the billionaires who call Dallas-Fort Worth home. I just have a lot more stills.' SmartAssetset out to identify the cities where dating is most affordable. That's the number pegged by Spear's, which placed Houston 18th among all global cities for highest percentage of millionaires, at 2.09 percent of its population. While Elon Musk made headlines by moving out of California in December, the Golden State is home to 24 more billionaires than last year, including electric vehicle designer Henrik Fisker and his business partner and wife, Geeta Gupta-Fisker. This is growing while youre sleeping. It's fitting that it would close after the St. Patrick's Day Parade. On this Wikipedia the language links are at the top of the page across from the article title. Houston, Texas is a thriving metropolis. That was a record price paid for an NBA team at the time. In 1997, Alan Nunn, 53, won a $10 million Texas Lotto jackpot. Concentration of millionaires: 9.0% Median income for all households: $83,160 (U.S.: $65,712) Median home value: $482,900 (U.S.: $240,500) If you've ever been to Manhattan, you don't need us to. H-E-B Chairman and CEO Charles Butt, 74, remains the richest San . Bernard Arnault of LVMH remains at No. North America bolstered its status as the worlds leading VHNW region in 2020, recording the most dynamic population growth and wealth gains of any region, the report says. According to a statement, the iconic eatery, which is the chain's original location, will close on March 19. New data released by consulting company Capgemini on Tuesday indicates the number of millionaires in the world has surpassed 20 million, despite the coronavirus pandemic. There are more than 120,000 households with more than $1 million in investable assets and the city's wealthiest people make up more than 5 percent of the population. Also, eight of the 10 millionaires surveyed invested in their companys 401(K) plan. Related:Ridiculous stuff rich people buy. There have been countless memories created by neighbors who have visited since my dad, Bob Peterson, and Scott Holyfield opened Blue Goose in 1984. Musk accounts for $151 billion of that, followed by Walton at $61.8 . A few years ago, his company wasnamed one of the 50 best places to workand we can see why. ", Did you know: "His sports empire also includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Britain's Arsenal soccer club. Andy Beal, 67, of Dallas, $9.4 billion: Hes the founder of Plano-based Beal Bank and an investor who made a sizable part of his fortune buying distressed assets. This is a BETA experience. Theres no getting around a collective $5 trillion wealth surge during a pandemic, when most of the world felt scared, sick, besieged, he wrote in a comprehensive essay titled Operation Wealth Speed. In just one years time, the areas crowd of very-high-net-worth individuals jumped by 12.6 percent. You can cancel at any time. We can transcend the script of a pre-defined story, and pave the way for the future that we design. A lucky guy, he grossed $7 billion on 7 deals in 7 years. Note: Randall Rollins, No. Ramsey Solutions defines a millionaire as someone with a net worth of one million dollars or more. Today's Homeowner analyzed data from the U.S. Census Bureau to compare Black and white homeownership rates at the national level from 1994 thr, Stacker combed through Niche's 2023 Best Colleges in America list in order to discover which 50 East Coast schools, old and new, are the cream, HeyTutor analyzed the 2022 National Assessment of Educational Progressto see how different groups of students have fared in their reading and. ", Quote: "Why do people not do the great deals and do all the stupid ones? That's $26,500 for a family of four, according to the federal government, or about 0.000017 percent of Musk's wealth. #27. John is. Bezos, who founded the e-commerce giant out of his garage in Seattle, Washington, will step down as CEO at the end of this year. Elaine Marshall, 77, of Dallas and family, $17 billion: The widow of Pierce Marshall is a significant shareholder in Koch Industries. News about billionaires like Elon Musk and Larry Ellison moving out of California might lead you to believe that tycoons have abandoned the state. TEXAS (KLTV) - A study of millionaires from Ramsey Solutions finds that Texas has the fourth highest number of millionaires in the country. All but one billionaire in the states resides in the Peach State's biggest city, Atlanta. In 2015, Hildebrand gave every single one of his 1,399 employees a bonus of $100,000. Williams is the only one of four siblings involved in running the family business; all four inherited equal stakes in the company. Use Next and Previous buttons to navigate. Other Austin billionaires on the list include: To compile this years list, Forbes used a snapshot of its real-time billionaires rankings by analyzing stock prices and exchange rates for March 5. Net worth is what you own, minus what you owe. ", Quote: "I'm guilty of doing too much, and I'm guilty of not seeing mistakes coming. He left Enron to launch his own energy company with former classmate, William V. Morgan, and they subsequently purchased Enron Liquids Pipeline for $40 million, then merged it with KN Energy. The richest of all is Jeff Yass, the cofounder and managing director of the quantitative trading and investment firm based in Bala Cynwyd, Susquehanna International Group. ", Last year's Forbes 400 net worth: $4 billion, Forbes writes: "The company, based in Houston, has exclusive rights to distribute Toyota vehicles in Texas, Arkansas, Louisiana, Mississippi and Oklahoma. He's been The News' business editor since 2015. Fort Worth. He now owns WinStar Farm, a thoroughbred breeding farm in Kentucky. Facebook cofounder Mark Zuckerberg is the states richest resident, worth to the top with his $97 billion. Paul O'Donnell, Business Editor. Robert has helped launch a half dozen investment shops including his Oak Hill Advisors. The Last Resort Recovery Center of Austin, TX, the team is ready to help now! In 2011 she opened the Crystal Bridges Museum of American Art in her hometown, Bentonville, Arkansas. "Very-high-net-worth individuals" are those with a net worth of $5 million to $30 million. ", Last year's Forbes 400 net worth: $5 billion, Forbes writes: "With over $50 billion in assets, Vista is one of the best-performing private equity firms, posting annualized returns of 22% since inception. In 2006, he pled the 5th Amendment after being asked if he had ever manipulated the Western energy markets while at Enron. ", Did you know: "Cuban has appeared as a judge on the popular ABC show "Shark Tank" for 9 of the show's 11 seasons and invested more than $22 million during that time. Wealth-X, which provides data and analysis about wealthy consumers, says its very-high-net-worth individual description applies to folks like entrepreneurs, corporate executives, business owners, retirees, and heirs. Gun Law Rally At The Capitol + Storms In The Forecast, Pet Food Pantry Event + Rise In Police Officer Retirement, I-35 Closures This Week + Warmest Winter Ever? Forbes just released the 2021 list of the Worlds Billionaires, and California is once again home to more billionaires than any other state, with 189 billionaire residents out of the 2,755 billionaires Forbes tracked globally. Ray Davis, 77, of Dallas, $3.4 billion: Hes co-owner of the Texas Rangers baseball team and a former co-CEO of Energy Transfer. Everything from date nights, family outings and after-work happy hours have been created here. SeekingMillionaire.com says the Live Music Capital of the World has 543 eligible millionaires. H. Ross Perot Jr., 61, of Dallas, $2 billion: Hes the son of the late H. Ross Perot Sr. and a real estate developer and tech investor. ", Last year's Forbes 400 net worth: $9.8 billion, Forbes writes: "The Texas banker is known for gobbling up distressed assets, including mortgages, bonds backed by commercial planes and IOUs to power plants. The city is also home to 10 billionaires. . He's now the richest man in the city with a net worth of $151 billion, according to Forbes. The company was founded by Dan's father Thomas Hoyt Friedkin in 1968 and was turned over to Dan in 2001. The 2020 global rich list is out, and 27 billionaires calling Dallas-Fort Worth home are among the planet's wealthiest people. ", Last year's Forbes 400 net worth: $8.6 billion, Forbes writes: "His most valuable holding is the Dallas Cowboys, which he bought for $150 million in 1989. Here are the Texas billionaires on the list: Alice Walton, Walmart, $51.4 billion ; Michael Dell, Dell computers, $32.3 billion ; Andrew Beal, banks, real estate, $9.8 billion They're also focused on their continued growth which includes a newly opened location in Grand Prairie, its eighth and largest location, joining Fort Worth, Frisco, Grapevine, Highland Village, McKinney, and Plano. The city is home to the world's largest stock exchange and many of the largest financial institutions, making it a prime destination for the world's wealthy. They promise that the closing will be "a fiesta of great memories. Drayton McLane, Jr. (above) $2.8 billion. ", Did you know: "During a commencement speech, Smith vowed to wipe out the student debt of the entire 2019 graduating class of Morehouse College. Our spray foam insulation team in Austin is ready to help now! ", Did you know: "Founded in 1968, the company owns natural gas processing plants, oil and gas storage facilities and about 50,000 miles of oil and gas pipelines. ", Did you know: "Bonderman studied Islamic law in Egypt and Tunis, and published an article for the Harvard Law Review titled Modernization and Changing Perceptions of Islamic Law. ", Forbes writes: "Janice McNair, widow of Robert (Bob) McNair, inherited her late husband's 80% stake in the NFL's Houston Texans; he died in 2018. Washington is the only state that is home to two $100-billion-plus billionaires: Jeff Bezos and Bill Gates. Five of the six richest San Antonians saw their fortunes increase and their rankings rise since the same Forbes list a year ago. (New York City ranks first, with 121,610 people falling into that category.). He regularly donates to Houston area artistic organizations. Globally, that puts Dallas in 10th place among cities for the population of super-wealthy people. The second largest group of 2,8000,000 made $10,000-$25,0000 in gross adjusted. A lot of people see millionaires and they think, Thats a trust fund kid, Kamel said. It lists 2,816 billionaires, with China and the United States accounting for more than half the total. 6 - 10. 4. It's crazy. Horton Inc. Timothy Headington, 69, of Dallas, $1.6 billion: He owns Headington Oil and is a real estate and film investor. ", Last year's Forbes 400 net worth: $4.1 billion, Forbes writes: "Mark Cuban founded video portal Broadcast.com with fellow Indiana University alum Todd Wagner in 1995 and sold it to Yahoo for $5.7 billion in 1999. Rounding out this years top five is Facebooks Mark Zuckerberg. The number of billionaires on Forbes 35th annual list jumped to an unprecedented 2,755 people, 660 more than a year ago. And that same month Ellison told employees at software firm Oracle that he was moving to the Hawaiian island of Lanai, which he owns. John Arnold began his career as a trader for Enron, and was so successful, that when Enron collapsed in 2002, he was able to use his earnings to create his own company, Centaurus Advisors, LLC. Next, Kamel said acknowledge your barriers and focus on the finish line. Get up-to-the-minute news sent straight to your device. Concentration of millionaires: 4.21% Rank: 50 (Unchanged from last year) Median income for all households: $44,097 Median home value: $121,300 West Virginia has a relatively low concentration of. eSpark looked at the skills rated most important for being a kindergarten teacher, citing data from the Occupational Information Network (O*NE. AUSTIN, TX The coronavirus has wreaked havoc on the U.S. economy, yet billionaires in Austin and across the globe are significantly wealthier than they were a year ago, according to this years recently released Forbes World's Billionaires List. Although income can be a concern, 33% of millionaires in the study never had a six-figure income. California and New York still reign supreme on the 2021 Forbes World's Billionaires list, despite high-profile departures. Mission Control is there. Open Houses In And Around The Austin Area: The Latest 4 Listings, Here's How Many Guns Were Sold In Texas Last Month, Michael Dell, Chairman and CEO of Dell Inc., $45.10 billion. Altogether, they are worth $13.1 trillion, up from $8 trillion in 2020. Fertitta also owns the Golden Nugget Casinos and Landry's, a Texas-based restaurant and entertainment company. This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). Jeffrey Hildebrand founded Hilcorp Energy Company in 1989. Trevor Rees-Jones, 68, of Dallas, $5.4 billion: Hes the founder and chairman of Chief Oil & Gas. [1] Based on data from Phoenix Marketing International List [ edit] References [ edit] ", Did you know: "Jones jumped into the workforce at age 9 as a customer greeter at his parents' grocery store, named Pat's Supermarket. Even more notable than Dallas sheer number of super-wealthy residents, though, is its trajectory in this rarified air. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 3, followed by Bill Gates at No. These are the states with the most billionaire residents; net worths are as of March 5, 2021. A study released April 15 by Wealth-X shows Dallas was home to 32,715 "very-high-net-worth individuals" those with a net worth of $5 million to $30 million last year. A. Jayson Adair, $1.0. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Photo credit: Nati Harnik, Associated Press, Photo credit: Ted S. Warren, Associated Press, Photo credit: Danny Johnston, Associated Press, Photo credit: Richard Drew, Associated Press, Photo credit: Ron Jenkins, Associated Press, Photo credit: Kelly P. Kissel, Associated Press, Photo credit: Steven Senne, Associated Press, Photo credit: Tony Gutierrez, Associated Press, Photo credit: David J. Phillip, Assocaited Press, Photo credit: Andy Kropa, Associated Press, Photo credits: Ron Heflin, Associated Press (right); AP file photo (left), Photo credit: David J. Phillip, Associated Press, Photo credit: Alexa Welch Edlund, Associated Press, Photo credit: Dave Pickoff, Associated Press, Photo credit: Michael Wyke, Associated Press, Photo credit: Wilfredo Lee, Associated Press, Photo credit: Cliff Schiappa, Associated Press, Photo credit: Mark Lennihan, Associated Press, Photo credit: Mark J. Terrill, Associated Press, Photo credit: Brandon Wade, Associated Press, Photo credit: Eric Kayne, Invision for Associated Press, Photo credit: Ralph Wilson, Associated Press, Photo credit: Rod Aydelotte, Tribune-Herald. 2023 Celebrity Net Worth / All Rights Reserved. 0. 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Here's how the top 25 Texans on the list stacked up with their peers. It is home to new billionaire Tyler Perry, the maverick media mogul who owns all his creative output and a 330-acre studio lot at the edge of Atlanta. He successfully bid for an NFL expansion team, and in 1999 he and his partners paid $700 million for the franchise that would becomethe Houston Texans. Around the world, more than 80 percent of very-high-net-worth individuals are self-made millionaires, according to the report. W. Herbert Hunt, 90, of Dallas, $1.9 billion: Hes an oil investor and brother of Nelson Bunker Hunt and Lamar Hunt. New York comes in second with 126 billionaires, up from 118 last year. New York City is at the top of the list, with 249,000 millionaires according to Wealth-X. The global VHNW population rose by 1.3 percent in 2020 a resilient performance set against the backdrop of a global pandemic and the deepest contraction in world economic output for a generation.. Makenzie Scott, Bezos' ex-wife, ranks No. Peterson Management Group, the parent company of Blue Goose Cantina, will be closing the location following its annual St. Patricks Day celebration during the Pub Crawl/Block Party on Saturday March 11, with a celebratory blow-out the following weekend. The numbers will likely spark outrage, writes Forbes Chief Content Officer Randall Lane. But many small towns actually have a higher percentage of millionaires. It features the Fort Worth Symphony Orchestra, Texas Ballet Theater, Fort Worth Opera and Van Cliburn International Piano Competition. These are people who started from nothing.. ", Last year's Forbes 400 net worth: $4.2 billion, Forbes writes: "Bert 'Tito' Beveridge is the founder of Tito's Vodka. "It still takes at least $2.1 billion, unchanged for the past three years, to make the cut," Forbes noted. ", Last year's Forbes 400 net worth: $5.5 billion, Forbes writes: "In 1996 he reinvested $500 million from selling the family's oilfields into the purchase of Omni Hotels. Receiving a $100,000 check was life-changing for many of the company's employees. ", However, the underlying trends offer a road map to greater prosperity for all, he continued. Dell's MSD Capital owns the Four Seasons Maui, plus indirect stakes in Applebee's, IHOP, Calvin Klein and reportedly Grand Central Station. Number of super-wealthy millionaires in Dallas surged in 2020, report says, Briggs Freeman Sotheby's International Realty Luxury Homes in Dallas Texas, Trigger's Toys Ultimate Cocktail Experience, CultureMap Dallas Holiday Pop-up Shop 2017, This needs to be the internal name for the series, The Star District Valentines Day guide 2023, most recent list of the worlds billionaires, Dallas' iconic Blue Goose Cantina to close Greenville Avenue location. The state is also home to 20 billionaires who have amassed their fortunes in the energy sector. ", Quote: "It doesn't matter if the glass is half-empty or half-full, all that matters is that you're the one pouring. He plays golf, he travels the . A new report says the ranks of the super-wealthy in Dallas expanded impressively last year, with the growth rate surpassing the likes of New York City, Los Angeles, and San Francisco. Today, Landry's operates a number of restaurants including Bubba Gump Shrimp Company, Saltgrass Steak House and Landry's Seafood. The pandemic-driven need for a Covid-19 vaccine propelled Stphane Bancelthe CEO of Cambridge, Massachusetts-based vaccine maker Modernainto the billionaire ranks, along with cofounder Noubar Afeyan and Robert Langer and founding investor Timothy Springer. This is a list of U.S. states and federal district by the number of billionaires as of 15 Sep 2020; the total of 642 billionaires includes 19 people whose state of residence is unknown at 15 Sep 2020, most of whom hold dual U.S. citizenship. Eighty-four percent of these individuals are men, and more than 60 . One of the outliers, Massachusetts, a tech hub, has 7 more billionaires than a year ago; the fastest vaccine development in historyspurred by the Covid-19 pandemicminted several new biotech billionaires who live in the state. Report: Houston is the No. FORT WORTH, Texas William Madison McDonald is considered by most to be the first Black millionaire in Texas. D-FW billionaires appearing on this years list are: Note: An earlier version of this story had an incorrect age and hometown for Donald Ray Horton. ", Did you know: "A lucky guy, he grossed $7 billion on 7 deals in 7 years. But I love Jag fans, I love Eagle fans, I love Redskin fans, Massillon High School fans, Canton McKinley fans you're here tonight because you love the game, I am here because I love it too. ", Quote: "We are only bound by the limits of our own conviction. Last year's Forbes 400 net worth: $51.4 billion, Forbes writes: "Alice Walton is the only daughter of Walmart founder Sam Walton. As of 2019, it is home to 7,066,141 people in the Greater Houston metropolitan area. Eighty-four percent of these individuals are men, and more than 60 percent are 50 to 70 years old. Some used it to pay their kids' college tuition, others to pay off debt, and still others to buy a home. His win enabled him to retire from his job as a firefighter in Fort Worth and focus on his passions. The 2020 global rich list is out, and 27 billionaires calling Dallas-Fort Worth home are among the planets wealthiest people. Not to be confused with "ultra-high-net-worth" individuals, those with a net worth of more than $30 million, like Dallas billionaires Jerry Jones and Mark Cuban. The Forbes 400 net worth cut off this year was a record-high $2 billion.

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