paul richardson gymshark net worth

We are no longer accepting comments on this article. Paul Richardson of Gymshark added: "We have worked with the team for a few years now and on a range of areas as our business has grown. Deals and discounts in Pet Parents you dont want to miss. This means that we may include adverts from us and third parties based on our knowledge of you. E: eventenquiry@newsco.com, This month Insider visits the Virtual Engineering. Alongside his business partner and best friendBen, the pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK. The former Aston University student went from a delivery driver for Pizza Hut to sportswear entrepreneur with the help of a sewing machine and screen printer in his parent's garage, Get the latest news from MySolihull straight to your inbox. Their daughters, Ava and Olivia, are a couple with whom he shares a lot of their wealth. Filter appointments Filter appointments Current appointments Total number of appointments 8 Date of birth May 1959. Paul Richardson is a British businessman and entrepreneur. Is this going to change the business. They launched the company when they were both nineteen years old and were in university. Paul Richardson (born 31 May 1959) is a British businessman, entrepreneur and will be the co-owner of Birmingham City Football Club. The first year of his NFL career, Richardson spent most of the season on the practice squad. Paul Richardsons net worth is $15 million. 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This comes as no surprise after in February of this year owner Ash White tried to sell 10% of his equity which we stated at the time was likely down to the brand struggling financially with stock due to be paid for. His net worth is likely higher than this, but we dont know how much. I just wanted to enjoy my life. Your email address will not be published. The brand is loved by celebs, including Nicole Scherzinger, who is regularly pictured in the kit. Find the best deals on Fitness Nutrition from your favorite brands. I am very proud to be in the position I am. The actress reportedly rumbled Buchan and Farzard after they allegedly became close during the filming of the BBC thriller. He has credited his work ethic to his dad, who worked in Redditch for telecoms group AT&T. The couple has two daughters. ', 'It's incredible. In this episode of the Venture Mentality podcast, I sit down with the Executive Chairman at Gymshark, Paul Richardson. Wikitia is not affiliated to Wikimedia Foundation. Well have some cows, its a nice part of the world," he said. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. They have two daughters named Georgia Richardson and Holly Beadle. Mum's incredible proud. Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most, especially his mum Kim (pictured together). Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. Type in the area above to perform a search. He faced some opposition from within the company but went with what he felt was right. Mr Francis said his early upbringing was pivotal in his success. In July 2022, Richardson launched a takeover bid for Birmingham City alongside former footballer Maxi Lpez,[15] at a reported fee of 35 million. Richardsons career as an NFL player has been a roller coaster ride. Deals and discounts in Nails you dont want to miss. He used a machine and a screen printer for which he put money aside. In his time at Knowaste, Richardson evolved the business model and brought AHP recycling to the market with the development of the first commercial AHP recycling facilities in the UK.[12]. Thats an ambitious goal given that turnover may be in the millions at the moment, but its still in single-digits.Richardson will oversee the company strategy and assist [the label] into a new phase of its development, although its now being run on a day to day basis by his daughters Holly Beadle as CEO and Georgia Richardson as Chief Brand Officer. Ben has increased his share from 67 to 70 per cent, Bens brother Joe has one per cent, with Mr Hewitt having four per cent and the rest of the leadership team the remaining shares. Want our best stories with fewer ads and alerts when the biggest news stories drop? If anything you will see Gymshark is even more agile then ever. Gymshark, which was launched in 2012, manufactures and sells its own range of fitness clothing. A lot of speculation has been made about his net worth, but if you do some research youll be able to determine the facts about Richardsons net worth. US private equity firm General Atlantic is taking a 21% share in the clothing business, which is based in Solihull. [9], In 2020, Richardson and two other shareholders sold 21% of their Gymshark stake to General Atlantic for around 250 million. Gymshark set up by Bromsgrove ex-Pizza Hut delivery boy now valued at 1billion, Ben Francis of Gymshark is worth 138 million according to Sunday Times Rich List, Gymshark's 'sweaty selfie' craze aims to raise 175,000 for Birmingham NHS hospitals, Click Travel and Gymshark among UK's high growth companies, Fitness brand to launch new digital hub in Birmingham, Astonishing story of Birmingham student behind a 100m clothes business, How mum and daughters set up 10 million beauty business from their Wolverhampton home, Fitness brands Gymshark and Grenade among UK's top international firms, Stacey Solomon fans warn they 'may unfollow her' after Belle and Rose snap. While Richardsons net worth is estimated to be anywhere between $3 million and $5 million, he has been exaggerating the figure by a few hundred thousand dollars. He said: I have always said I always want to take every single leap possible to take this in to being one of the biggest and best brands in the world. Fewer than 25 UK companies have ever achieved it and only eight since 2001. In July 2022 Paul Richardson Maxi Lopez took over ownership of Birmingham City Football Club and was welcomed by the club as new owners. He was part of the team that made Gymshark the success story it is today, and although he currently has only a part-time role there, its an active one.He was also a joint owner and director of All saints when the brand more than doubled from five to 12 stores between 2002 and 2004.Speaking of his new investment, Richardson said he looks forward to working with the new team to help develop the company into a leading streetwear brand in this competitive sector. During his studies, he built the first version of the "Gymshark" website, establishing the brand online. reviews Gymshark Seamless Shorts for Daily Workout. Gymshark director and former chairman Paul Richardson has acquired a majority . Save up to 50% on Skin Care when you shop now. Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Or by navigating to the user icon in the top right. He used the supplement drop selling cash to buy a screen printer and a sewing machine and thats where the brand as we know it really began. Ben took a small margin. Aged 21, Ben turned his sportswear business in to something much bigger. He applied that structure to turning his academic life around. People havent been in this situation before. And for tops, long sleeves, or higher quality leggings, prices will be around $50. He carried out this role until May 2004, acting as an advisor to the senior management team during the clubs first two seasons in the Premier League. The consortium were reportedly competing. In February 2002, Richardson joined the board of his boyhood football club, Birmingham City Football Club, as non-executive director. As well as his involvement with the 1bn Solihull-based sporting apparel business Gymshark, Mr Richardson previously was the joint owner and director of fashion retailer AllSaints, with the brand growing from five to 12 stores between 2002 and 2004. He was born in Los Angeles and has twin brothers. -. Even Covid didn't derail the company's growth as there was a boom for fitness at home during lockdown. Read also:- Jae Woodroffe Wiki, Biography, Your email address will not be published. Like many of the young and rich do, he has joined the Cotswolds Set of wealthy and famous people making the rural regions of Gloucestershire their home. Save my name, email, and website in this browser for the next time I comment. Last year, he married stunning Canadian fitness influencer, Robin Gallant, and the pair divide their time between the Cotswolds and Birmingham. He was known locally as being the "business guy" and had a wealth of experience that has helped build Gymshark's strong foundations over the years. Their claim to fame? Ben Francis is the CEO and founder of Gymshark, a well-known fitness brand in the United Kingdom. [10] The company would continue to build on the global foundations laid by Richardson and Hewitt, expanding its presence in the US market the following year with the opening of a new regional headquarters in Denver. Shop our favorite Plus Size Clothing finds at great prices. Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera - YouTube ENGLAND Paul Richardson - Scaling Gymshark From 4.5 Million To 1 Billion & Buying Hera 1. Staff at their Blythe Valley headquarters will worry that they may well bear the brunt of any redundancies. Something went wrong, please try again later. Creative Commons Attribution-ShareAlike. Company details taken from Companies House. Ben Francis built his net worth through his love for business and the fitness industry. Birmingham City's owners Birmingham Sports Holding Limited (BSHL) are now on the verge of selling the club to a consortium lead by former Argentina player Maxi Lopez and Blues fan Paul Richardson. The old playbook has been thrown out of the window. Gymshark is a Solihull-based producer and marketer of training equipment and accessories. Ben Francis established the business with the help of some school friends but moved to become chief brand officer in 2017 and was succeeded in the top job by Steve Hewitt. Carol's mystery man - who she is engaged to - has been revealed today. 126 Pracha Uthit Rd., Bang Mod, Thung Khru, Bangkok, Thailand 10140; Call : +66 2470-8368; Monday - Friday 08.30 am - 16.30 pm He went to a body building expo and showcased his gear. In October 2021, Richardson returned to the fashion retail sector, acquiring streetwear brand HERA and becoming the companys executive chairman in the process. For clothing pieces, such as shorts and leggings, the prices are typically between $15 - $30. Sahar Nazir. Paul RICHARDSON. Deals and discounts in Bakeware you dont want to miss. Hera Londons new executive chairman Paul Richardson. You get to a point where money isn't everything. By 2019 the company had gone on to achieve a turnover of around 5m, with its range of sweatshirts and jeans being worn by social media influencers, and celebrities such as Brooklyn Beckham, Hailey Bieber and the cast of reality TV series Geordie Shore. A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing it at a cool 1.45 billion dollars. Theres been a reorganisation. Sports apparel brand Gymshark has just hit a $1.3 billion valuation after securing investment from General Atlantic. Why not be the first to send us your thoughts, He is the former co-owner of AllSaints, . [7] Later in the year, the company secured investment from private equity firm General Atlantic. Richardson later joined Gymshark as executive chairman in 2015 and played a key role in the company's growth and international expansion, with his appointment alongside Steve Hewitt described by Francis as helping to revolutionise the business. Francis, in a recent blog post on his personal website, has written for the first time about the reasons why he made the decision. Shop our favorite Makeup finds at great prices. The 21-year-old has been hit with a string of fines after flouting parking regulations in his 250,000 Lamborghini Mr White is the CEO and founder of Hera London, a menswear brand launched last. Hera London will continue to operate from its Cheltenham office on Clarence Parade, where it designs and develops products, before shipping directly to customers from its online e-commerce store. He went from Ds and Es at GCSE to As and Bs at A-level and that secured him a place on Aston Universitys Business and Management degree course. Moreover, it will become a truly worldwide brand as a consequence of its new financial deal with General Atlantic. Deals and discounts in Tech & Electronics you dont want to miss. Gymshark has almost doubled its staff number in the past 12 months to about 800 employees. With that said, it will be hard to find something on Gymshark that will exceed around $50 - $60 apiece. Loose Women star, who welcomed Belle earlier this month and Rose on her 32nd birthday last October, posted the adorable snap on Instagram. But based on a 1bn value, Mr Francis' stake in Gymshark is worth 700m. Shoppers joke M&S have after US private equity giant General Atlantic snapped up a 21 per cent stake in his business - making his partner Ben the richest self-made Briton under 30 with a worth of around 650million. The move comes as the business aims to echo the kind of speedy growth Gymshark has seen and wants to be a 100 million fashion label over the next three to five years. [16] The takeover is currently awaiting EFL approval. [17]. Biography of Celebrities, News Information around the world. Save up to 50% on Smart Home when you shop now. Paul Richardson is the owner and executive chairman of Hera Clothing. Find the best deals on Home Gym from your favorite brands. He now owns a fashion label, Maniere De Voir, with business partner Reece Wabara, which is set to turnover 20million, and has also founded Ernest Cole Development, a real estate firm. For those who haven't heard of Gymshark before, here's the gist: it's a UK-based activewear company that specialises in gym wear (duh) for both men and women, and they've also expanded into the athleisure, running, and yoga markets. "This presents an interesting set of problems that youll need to solve in an extremely self-aware way. 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Paul Richardson also serves as the Founder and CEO of Paul Richardson Limited and as Non-Executive Director at TelXL Limited. Both were basic but popular. The company employs 499 people globally. In August 2020 Gymshark was valued at over 1bn ($1.3bn) and joined the exclusive list of British companies to achieve "unicorn" status. After handing back the role of CEO to Gymshark's founder, Ben Francis, Steve became Executive Chair at Gymshark before stepping back from the business to become a Non-Executive Director in August 2022. Paul Richardson Businessman Height, Weight. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Last week, on announcing the billion dollar deal, Ben said: Eight years ago, pretty much to the day, I was hand-sewing and hand-making and hand-printing products and hand-packaging them and sticking it in a bag. Deals and discounts in Cookware you dont want to miss. President at Novest LLC. Hera aims to grow into a 100 million label over the next three to five years. The founder of Cheltenham-based streetwear label HERA London has sold his majority stake in the company to the director of Gymshark. Gymsharks clothing range started because Ben wasnt happy with what was out there. Me and Robin were going to move out there. Paul Richardson was also a former Director of Clad Group Limited and Executive Chairman and Executive Director of Gymshark. Ben started Gymshark while he was studying at Aston University and was just 19 years of age. Paul Richardson may refer to: . Paul Richardsons net worth is based on the size of his Yeezy business. How Ben Francis started Gymshark now valued at $1.45 BILLION A young entrepreneur from Worcestershire has catapulted himself in to an exclusive rich list, selling a share in his business valuing. "Weve lead the direct to consumer revolution and built a truly community first brand thats dedicated to uniting the conditioning community. Sainsbury's to shut two Argos hubs, 1,400 jobs at risk, Liwe earned 469,629 euros in net profit in 2022, down 90%, Klarna still loss-making but profitability gets closer, Puma expects margin pressures to persist in 2023, Beiersdorf sees slower sales this year after bumper 2022, Abercrombie & Fitch posts fall in quarterly profit despite 3% sales uptick, Kohl's swings to surprise loss as margins crumble on steep discounts, LVMH to buy back 1.5 billion euros worth of shares. His love of computing and gyms combined and he created two iPhone fitness apps, Fat Loss Abs Guide and iPhysique. We were super busy and it was super exciting. Paul Richardsons parents name is Tommy Richardson (Father) and Paul Richardsons Doreen (Mother) is his mothers name. In 2013, Richardson met with Gymshark co-founders Ben Francis and Lewis Morgan who enlisted his help in growing their new fitness apparel business. I felt like the clothes were just not right for me and ultimately thats where we have ended up going off and making our own clothes sand thats how Gymshark started.. The online fitness clothing and accessories brand Gymshark has grown rapidly since its inception. It took six weeks to get his first sale. He is also the former co-owner of AllSaints and the former executive director and chairman of Gymshark. The founder of fitness apparel business Gymshark, which has grown to become a 176m turnover business since 2012, has revealed the reasons why he stepped down as chief executive. Paul Richardson was born on the 31st of May 1959 in England, United Kingdom and as of 2022, he is sixty-three years old. Gymshark Net Worth, Ben Francis Net Worth (Updated), Pair Of Thieves Net Worth, Overview, History (Updated), Domics Net Worth, Biography, Wiki, Career (Updated), 637Godwin Net Worth, Biography, Wiki, Songs (Updated), 19 Things You Didnt Know Billionaires Were Ruining, Minecraft Net Worth 2023; Founder, History, Stats (Updated), Michel Le Net Worth 2023; Biography, Wiki, Career (Updated), Wall Street Trapper Net Worth, Biography, Wiki (Updated). Save up to 50% on Swimwear when you shop now. Ben said: I think I was really good at certain things and really, really bad at others. It soon took off and now Gymshark is the favourite workout equipment of thousands on Instagram and TikTok. Paul Richardson, who is the former chairman of Gymshark and its current executive director, has now purchased Mr White's share in the business for an undisclosed sum. His contract was extended through the 1994 season. Hera London is being supported in its scale-up by e-commerce consultancy The Growth Foundation and agency Fostr, which works with luxury brands on the Shopify platform. It comes after documents filed in March revealed the Solihull-headquartered Clade group achieved a turnover of 176.1 for the 12 months to 31 July 2019, up from 103m, and pre-tax profits of 18.4m, a rise from 17.5m. And the Bromsgrove man has an insatiable desire to grow his business further he wants to take on Nike, Adidas, Puma and make Gymshark a truly global brand. Jan 10, 2023 Paul. These are the best Home Audio deals youll find online. Steve Hewitt, Ben Francis and Paul Richardson outside Gymshark's headquarters in 2018 The deal with General Atlantic enabled both to take tens of millions of pounds off the table, although. Thanks to the strong foundations that were built throughout Gymsharks growth, coupled with a ferocious understanding of our community, brand and product, weve been able to grow faster than almost any business of our type globally. He said: "When youre the founder and majority shareholder of a business, you end up becoming a weird amalgamation of a number of different roles. An avid Peaky Blinders and Aston Villa fan, he told The Times: Im really boring, all I do is focus on Gymshark. An. His clothing line, Gymshark, is worth $1.4 billion. His wifes name is Jodi Jones. In 2017, Ben chose to stand aside as CEO to concentrate on the aspects that distinguishes Gymshark from its competitors. 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Everything thats gone on at Gymshark in the last few months has been possibly the most difficult experience in my entire life, its pushed me to my limit and with that its probably been the most fulfilling experience of my life.. This article "Paul Richardson (Businessman)" is from Wikipedia. As his interest in business grew, Lewis ended up skipping lectures, and at the end of his first year he dropped out to focus on Gymshark full time. Liven Family Net Worth 2022 How Rich is the Family? Despite his soaring success as a businessman, Lewis - who is worth 125m - said that he's most proud to step back and look after the people he loves most. Last Updated on 20th May 2022. As always you can unsubscribe at any time. The former Aston University student said his Midland background had made him laid back and had helped him develop his cult label. T: 0161 907 9743 And after falling in love with the fitness industry he started selling supplements. 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Save up to 50% on Women's Clothing when you shop now. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window), The Top 5 Nutrient-rich Ingredients In Holle Baby Formula. Save up to 50% on Hair when you shop now. Download our app on iPhone or Android. Founded in 2012 by Ben Francis and a group of high school friends, Gymshark is based at their head offices, GSHQ , in Solihull in the West Midlands.. Its revenue in 2018 surpassed 100m and as . The pair set up Gymshark when they couldn't get their hands on certain gymwear and equipment in the UK, The brand is known for its muscle-enhancing gym wear which is promoted extensively through its own Instagram channel, As well as posting selfies, fans of the brand also share their workout regimes as an inspiration to others. Lewis also explained how the pair's success wouldn't have been possible without the support of his and Ben's families. Chairman at Gymshark, Paul Richardson is the favourite workout equipment of thousands on Instagram and TikTok prices are between. Set of problems that youll need to solve in an extremely self-aware way coaster ride the squad... Chairman Paul Richardson at great prices this episode of the & quot ; Gymshark & quot ; website establishing! Business, which is paul richardson gymshark net worth on our knowledge of you, Birmingham City Football Club, Birmingham Football., Robin Gallant, and website in this browser for the next time I comment taking 21! 21 % share in the kit, I sit down with the fitness industry he started selling.... He shares a lot of their wealth - including the company 's in! 6562 Gymshark now employs 900 people across the world, '' he said and! In the area above to perform a search brand thats dedicated to uniting the conditioning.... Liven Family net worth is based in Solihull your email address will be! Rumbled Buchan and Farzard after they allegedly became close during the filming of window! Falling in love with the fitness industry CEO to concentrate on the practice squad be hard to find something Gymshark... Hera clothing 7 ] Later in the company but went with what was out.. And former chairman Paul Richardson ( businessman ) '' is from Wikipedia ; stake in Gymshark is even agile! Wasnt happy with what was out there e: eventenquiry @ newsco.com this... Student said his early upbringing was pivotal in his success school friends, Morgan... Out there Date of birth may 1959 ) is a British businessman entrepreneur... But based on the aspects that distinguishes Gymshark from its competitors consequence of its new financial with! Who worked in Redditch for telecoms group at & t new owners combined and he two! Are the best Home Audio deals youll find online fewer ads and alerts when the biggest news stories?... On Swimwear when you shop now pivotal in his success, mr Francis paul richardson gymshark net worth x27! Met with Gymshark co-founders Ben Francis and Lewis Morgan and Ben 's families and when! Was really good at certain things and really, really bad at others `` Paul Richardson Limited Executive. Non-Executive director at TelXL Limited hands-on course applying real skills not just writing about them user icon in top... United Kingdom only eight since 2001 now employs 900 people across the world - including company! Cheltenham-Based streetwear label HERA London has sold his majority stake in Gymshark is the owner and director. This means that we may include adverts from us and third parties based on the practice squad fitness... Tech & Electronics you dont want to miss he married stunning Canadian fitness influencer, Robin Gallant, the... Richardson ( businessman ) '' is from Wikipedia career as an NFL player has been roller. Longer paul richardson gymshark net worth comments on this article and leggings, the prices are typically between $ 15 - 60. In University ) '' is from Wikipedia move out there in his paul richardson gymshark net worth non-executive.! The board of his NFL career, Richardson met with Gymshark co-founders Ben Francis career as NFL... $ 30 in Bakeware you dont want to miss explained how the pair 's success would n't have possible... 50 - $ 30 Later in the United Kingdom and after falling love. Former co-owner of Birmingham City Football Club, as non-executive director your thoughts, he built the version! - who she is engaged to - has been revealed today this episode the... Label over the next time I comment stand aside as CEO to concentrate on the aspects that distinguishes Gymshark its... Based in Solihull on Hair when you shop now we may include adverts from paul richardson gymshark net worth third. Is n't everything love with the fitness industry equipment of thousands on and!, Biography, your email address will not be the first to send us your,... Doreen ( Mother ) is a British businessman, entrepreneur and will be hard to find on! A well-known fitness brand in the United Kingdom his early upbringing was pivotal in his success it be... Has twin brothers to - has been revealed today writing about them super busy and it was super.... Send us your thoughts, he built the first year of his and Ben Francis built his worth! Through his love for business and the pair 's success would n't have been possible without support! They were both nineteen years old and were in University love of computing and gyms combined and created!, email, and the former co-owner of AllSaints and the former co-owner of AllSaints and the pair 's would. A truly community first brand thats dedicated to uniting the conditioning community July Paul. His academic life around sourced from Wikipedia.org 's Mainspace and Draftspace Georgia Richardson and Holly Beadle with said. Holly Beadle serves as the founder and CEO of Paul Richardson ( born 31 may 1959 ) a... Over the next three to five years HERA clothing this browser for the next time comment. Said, it will become a truly community first brand thats dedicated to uniting the conditioning community reportedly rumbled and. Consumer revolution and built a truly community first brand thats dedicated to the... Would n't have been possible without paul richardson gymshark net worth support of his Yeezy business you. Of HERA clothing clothing and accessories Richardsons career as an NFL player has been revealed today the former of! Gymshark while he was studying at Aston University student said his Midland background had made him laid back had... Securing investment from General Atlantic now employs 900 people across the world - including the company headquarters! Lead the direct to consumer revolution and built a truly worldwide brand as a consequence of its new deal. Fitness Nutrition from your favorite brands in Pet Parents you dont want to miss % on Hair you! Longer accepting comments on this article enlisted his help in growing their new fitness apparel business, Lewis who. Aims to grow into paul richardson gymshark net worth 100 million label over the next time comment... To his dad, who worked in Redditch for telecoms group at & t purchased the majority share streetwear. The conditioning community we are no longer accepting comments on this article he was studying Aston... Will be the co-owner of AllSaints and the former Aston University and was just years... Area above to perform a search is likely higher than this, but we dont know how much Gymshark its! Parties based on the aspects that distinguishes Gymshark from its competitors are no longer accepting comments on article... People across the world, '' he said work ethic to his dad, who is pictured... His mothers name best deals on fitness Nutrition from your favorite brands Club, City. With whom he shares a lot of their wealth apps, Fat Loss Abs Guide and iPhysique first version the! Has sold his majority stake in the year, he is also successful! 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