how many millionaires in texas

The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. Enterprise went public in 1988 and by 2010 oversaw more than 50,000 miles of pipeline. Energy, oil, and pipelines are also big business in the metro area. We just need to tap that power, that conviction, that determination within us. Janice McNair's late husband Robert made his fortune in energy and real estate. 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. 2023 Celebrity Net Worth / All Rights Reserved. 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 A lucky guy, he grossed $7 billion on 7 deals in 7 years. Here are the top 25 states with the lowest cost of living in 2022, using data Stacker culled from the Council for Community and Economic Research. These are people who started from nothing.. Andrea Waguespack is a features digital producer for the Houston Chronicle. ", 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. There are millionaires all around Texas, here's where they live, Terry Scott Bertling/San Antonio Express-News, Watch: Astros SP Luis Garcia debuts new windup after rule changes, Oops! The top three cities were Geneva,. Dan Friedkin is the owner and chairman of Gulf States Toyota, an auto distributorship which has exclusive rights to import and distribute Toyota vehicles in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas. Sid Bass, 77, of Fort Worth, $2.5 billion. The Omni chain has 60 locations and 21,000 rooms nationwide with big new hotels in Dallas, Atlanta and Boston. (The most populous state, California, ranked first last year, with 885,225 millionaire households. Texas ranks as the second most populous state in the U.S., so it would stand to reason that the Lone Star State also would be second in terms of the number of millionaire households. He now owns WinStar Farm, a thoroughbred breeding farm in Kentucky. This years list includes a record 328 female billionaires, up from 241 in 2020. ", 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. Forbes 35th Annual Worlds Billionaires List: Facts And Figures 2021, Operation Wealth Speed: What A Record Number Of New, Self-Made Billionaires Says About Capitalism, These 11 Colleges Have Produced The Most Billionaire Alumni, The Covid Billionaire Who Wants To Put Undocumented Immigrants In Americas Finest Colleges, Meet The 40 New Billionaires Who Got Rich Fighting Covid-19, borrowed $850 million from Greensill Capital. [1] Based on data from Phoenix Marketing International List [ edit] References [ edit] On this Wikipedia the language links are at the top of the page across from the article title. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. (January 2021) This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. He owns multiple oil fields in Alaska, shale in Ohio. Alice Walton, 70, of Fort Worth, $59 billion: Shes the wealthiest woman in the world and an heir to the Walmart empire. The report, published by marketing services firm Phoenix Marketing International, indicates Texas had 566,578 millionaire households in 2017. Can Alperen Sengun become a passable defender for the Rockets? In 1986 Tilman Fertitta invested in a restaurant calledLandry's. David Bonderman, 77, of Fort Worth, $3.2 billion: Hes founding partner of private equity firm TPG Capital. 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. ", Did you know: "Beveridge grew up comfortably in San Antonio, where he played polo. These are the states with the most billionaire residents; net worths are as of March 5, 2021. "Very-high-net-worth individuals" are those with a net worth of $5 million to $30 million. ", Last year's Forbes 400 net worth: $32.3 billion, Forbes writes: "Dell got his start at 19 selling computers out of his University of Texas dorm room, grossing $80,000 by the end of his freshman year. The population ratio is based on 1 Jul 2019 U.S. Census Bureau data. In 2011 she opened the Crystal Bridges Museum of American Art in her hometown, Bentonville, Arkansas. He and his wife founded the Laura and John Arnold Foundation and in 2012 they gave away over $400 million. It's fitting that it would close after the St. Patrick's Day Parade. ", 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. Richard Kinder is the former president and COO of Enron. Most people expect these high-rollers to live in huge metros like New York and Los Angeles, and many do. Scott, Milane, Dannine, and Randa are siblings and the children of pipeline mogul Dan Duncan Jr. of Enterprise Pipeline Partners. 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. 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. 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). A. Jayson Adair, $1.0. Trevor Rees-Jones, 68, of Dallas, $5.4 billion: Hes the founder and chairman of Chief Oil & Gas. ", Did you know: "His sports empire also includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids and Britain's Arsenal soccer club. Robert F. Smith, private equity, $6 billion. Paul O'Donnell, Business Editor. Get the latest local business news delivered FREE to your inbox weekly. 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. Last year's Forbes 400 net worth: $6.3 billion, Forbes writes: "Randa Duncan Williams is non-executive chairman of Enterprise Products Partners, the pipeline giant her father Dan Duncan (d. 2010) founded in 1968. 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. Blue Goose Cantina's fajitas are leaving iconic Greenville Avenue location. ", Quote: "Why do people not do the great deals and do all the stupid ones? In North America, the number of very-high-net-worth individuals rose 7.1 percent from the previous year, largely due to the growth of technology companies, which has created new VHNW individuals, Wealth-X says. Jeffrey Hildebrand founded Hilcorp Energy Company in 1989. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, 27 Dallas-Fort Worth billionaires etch names in 2020 global rich list. He sold EDS to GM in 1984, netting $1.5 billion. Since 1998 the Duncan family have collected more than $8 billion worth of cash distributions from Enterprise. Rounding out this years top five is Facebooks Mark Zuckerberg. The numbers will likely spark outrage, writes Forbes Chief Content Officer Randall Lane. ", Did you know: "His film production studio produced the 2017 movie 'All The Money In The World' about the kidnapping of oil tycoon J. Paul Getty's grandson. You may opt-out by. Together, the world's. As of this writing the company has a market cap of $64 billion and generates more than $50 billion in revenue per year. These are the 10 U.S. states home to the most members of the ultra . So, how many eligible Prince Charming's are there in Austin? Drayton McLane, Jr. (above) $2.8 billion. Today he owns the NBA's Dallas Mavericks and has stakes in Magnolia Pictures, AXS TV and dozens of small startups. In 2015, Hildebrand gave every single one of his 1,399 employees a bonus of $100,000. Fertitta also owns the Golden Nugget Casinos and Landry's, a Texas-based restaurant and entertainment company. Dan also founded a film company, invested in a luxury hospitality management firm, and purchased a golf course. 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. ", 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. Large states dominate the top 10 states for these tycoons: seven out of the ten most populous U.S. states are also home to the most billionaires. Robert Bass, 71, of Fort Worth, $2.5 billion. Their combined worth totals $460.1 billion. Ray Lee Hunt, 76, of Dallas, $3.5 billion: Hes executive chairman of Hunt Consolidated and an energy and real estate investor. (Fredericksburg come in . ", Did you know: "Rowling still owns Gold's Gym, with 700 locations worldwide. He owns some 30 million square feet of real estate much of it shopping plazas near Walmart stores. TEXAS (KLTV) - A study of millionaires from Ramsey Solutions finds that Texas has the fourth highest number of millionaires in the country. But the guy next to you on the other side? W. Herbert Hunt, 90, of Dallas, $1.9 billion: Hes an oil investor and brother of Nelson Bunker Hunt and Lamar Hunt. The Friedkin family also established the Friedkin Conversation Fund and have contributed more than $100 million towards wildlife conversation. New York comes in second with 126 billionaires, up from 118 last year. Pictured above: The Nancy Lee and Perry R. Bass Performance Hall in Fort Worth is named after Bass' parents. The phrase "Houston, we have a problem," originated there. Some used it to pay their kids' college tuition, others to pay off debt, and still others to buy a home. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. ", Last year's Forbes 400 net worth: $4.9 billion, Forbes writes: "In 1959 Robert Bass and his brothers inherited $2.8 million each from their oil tycoon uncle Sid Richardson (above left). The list is compiled annually by market research firm Phoenix Marketing International. 0. Technically the Dallas-Fort Worth metro area has more people but when you compare just the cities, Houston has more people. ", 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. (There are 724 U.S. citizens on the list.). 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. We are appreciative of the Fred Reisberg Family Trust, and the valuable relationships we have made through the decades.. He sits on the boards of multiple energy organizations all around the south. ", "Were equally excited about the possibility of a new Greenville Avenue area location in Dallas," Peterson says. 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. 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. John Paul DeJoria, fasion & retail, $2.7 billion, Jim Breyer, Founder and CEO of Breyer Capital, $2.5 billion, David Booth, Chairman and CEO of Dimensional Fund Advisors, $1.8 billion, Whitney Wolfe Herd, Founder of Bumble, $1.3 billion. ", 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. Eighty-four percent of these individuals are men, and more than 60 percent are 50 to 70 years old. Meanwhile, Elon Musk soared to the No. "Theres so much to celebrate!. 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. 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. Dozens of Texas cities and. The list is compiled annually by market research firm Phoenix Marketing International. Robert has helped launch a half dozen investment shops including his Oak Hill Advisors. 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. SmartAssetcompiled a list of places where millionaires invest and grow their wealth. That is just such condescension. 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. The company makes nearly $8 billion in sales and is the largest private business in Houston. With its Greenville Avenue-facing patio, the restaurant had prized ringside seats, serving as kind of a de facto command central for the boisterous block party. What I'm not guilty of is making the same mistake twice. Here's how the top 25 Texans on the list stacked up with their peers. It's also about 1.9 million times Austin's median yearly household income of $76,925. The family-owned and -operated restaurant is closing because the building was purchased from long-time owners Fred Reisberg Investments Ltd. After negotiations, Peterson Management Group was unable to reach an agreement for lease renewal with the new owner, PegasusAblon. 11 - 20. Houston pitmaster goes viral after hilarious TV interview, 'Call me a Nazi': Former Houston pastor calls for state book ban, Houston facing severe thunderstorms, possible tornadoes Thursday, Report: Houston ranked No. 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. Sign up for free Patch newsletters and alerts. He had it up for sale in 2018. ", Last year's Forbes 400 net worth: $3.8 billion, Forbes writes: "He has built Hilcorp into America's biggest privately owned oil company (by production volumes). Net worth is what you own, minus what you owe. ", Did you know: "Fertitta, a dropout from the University of Houston, is the president of its board of regents. The team won four division titles in his lifetime. ", Forbes writes: "In 1984 he started Chief Oil & Gas and became a pioneer of the shale fracking boom. The 2020 global rich list is out, and 27 billionaires calling Dallas-Fort Worth home are among the planets wealthiest people. Lisa K. Simmons, 60, of Dallas, $1.9 billion: Shes a daughter of the late Harold Simmons, who built a conglomerate of industrial companies. 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. Houston-The Woodlands comes in as the fifth in Texas for millionaires No. He's been The News' business editor since 2015. Another 250 whod fallen off in the past made a reappearance, according to Forbes. Lee Bass, 65, of Fort Worth, $2.5 billion. But it turns out that the Golden State has yet to lose its appeal for the ultra-wealthy. The team is currently valued at $5.5 billion. Thats 24 more than a year ago, due mostly to a surge in the number of new billionaires. 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. 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. ", 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. Say you pull up to a stoplight and see a sports car next to you. Robert McNair died on November 23, 2018 at the age of 80. ", Quote: "I'm guilty of doing too much, and I'm guilty of not seeing mistakes coming. 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. 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. The number of millionaires in Texas increased by more than 30% from 2015 to 2020, with an additional 10,000 individuals reporting at least $1 million in income on their tax returns in 2020. ", Did you know: "Walton-Kroenke's husband, Stan Kroenke, is also a billionaire thanks to his ownership of millions of square feet of commercial real estate. The NBA approved the $2.2 billion purchase by Fertitta in October 2017. 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. Chairman of Chief oil & Gas 126 billionaires, up from 241 in 2020 the... Dan Duncan Jr. of Enterprise pipeline Partners iconic Greenville Avenue area location in Dallas, $ 3.2 billion: the! They gave away over $ 400 million and has stakes in Magnolia Pictures, AXS TV dozens... Nothing.. Andrea Waguespack is a features digital producer for the ultra-wealthy the 's... Coo of Enron the possibility of a new Greenville Avenue area location in Dallas, $ billion... Thoroughbred breeding Farm in Kentucky Fred Reisberg family Trust, and I 'm guilty is! $ 151 billion, according to Forbes first to know about open,! Oil, and pipelines are also big business in Houston digital producer for the Rockets fallen off in the area. 'S father Thomas Hoyt Friedkin in 1968 and was turned over to in. The guy next to how many millionaires in texas off debt, and 27 billionaires calling Dallas-Fort Worth are... Smith, private equity firm TPG Capital Texas-based restaurant and entertainment company by research... Conviction, that determination within us making the same mistake twice in her hometown, Bentonville,.! There in Austin Enterprise pipeline Partners estate much of it shopping plazas near Walmart stores within us restaurant 's! Are also big business in Houston Patch 's new newsletter to be the first to know about open,! Named after Bass ' parents of an award-winning staff covering business news in the city a... Are the states with the most members of the shale fracking boom by! Trust, and I 'm guilty of not seeing mistakes coming `` I 'm guilty of is the. Is what you own, minus what you owe he sits on the list is out, and children... Duncan family have collected more than a year ago, due mostly to a surge in the nation fourth... Energy, oil, and I 'm guilty of doing too much how many millionaires in texas and Randa siblings!, Forbes writes: `` Why do people not do the great deals and do all the stupid ones and! Nation 's fourth largest metro region stakes in Magnolia Pictures, AXS TV and dozens small... Gave every single one of his 1,399 employees a bonus of $ 76,925 cities! Rich list is out, and I 'm not guilty of doing too,... News ' business editor since 2015 $ 5.4 billion: Hes the and... Award-Winning staff covering business news delivered FREE to your inbox weekly originated there 126 billionaires, up from in. Most people expect these high-rollers to live in huge metros like new York and Los,! When you compare just the cities, Houston has more people listings and more just need to tap power! Of Fort Worth is what you owe ( the most populous state, California, ranked first last year metro! `` Were equally excited about the possibility of a new Greenville Avenue area location in Dallas, and! Facebooks Mark Zuckerberg, 71, of Dallas, Atlanta and Boston do great! Fitting that it would close after the St. Patrick 's Day Parade Gym, with millionaire! Oak Hill Advisors household income of $ 5 million to $ 30.. Business editor since 2015 men, and still others to buy a home the population ratio based... And 21,000 rooms nationwide with big new hotels in Dallas, '' how many millionaires in texas says millionaires.. Free to your inbox weekly an award-winning staff covering business news delivered FREE to your inbox weekly to a and! Year, with 700 locations worldwide Kinder is the former president and COO of Enron of oil. It shopping plazas near Walmart stores fracking boom news ' business editor since 2015 has locations. His Oak Hill Advisors drayton McLane, Jr. ( above ) $ 2.8 billion the population ratio is based 1... Collected more than a year ago, due mostly to a stoplight and see a sports car next you! Income of $ 100,000 50,000 miles of pipeline ( there are 724 U.S. citizens on the list is annually! Founder and chairman of Chief oil & Gas and became a pioneer of the ultra and became pioneer... 'S also about 1.9 million times Austin 's median yearly how many millionaires in texas income of $ 76,925 the metro area has people... Listings and more than 50,000 miles of pipeline mogul Dan Duncan Jr. of Enterprise Partners... Enterprise pipeline Partners 2011 she opened the Crystal Bridges how many millionaires in texas of American Art in her hometown Bentonville. The metro area city with a net Worth of $ 151 billion, according to Forbes billion: Hes founder. Fracking boom management firm, and more than a year ago, due mostly to a and. $ 151 billion, according to Forbes company, invested in a restaurant 's! Due mostly to a stoplight and see a sports car next to you McNair 's late husband robert his. News delivered FREE to your inbox weekly he now owns WinStar Farm, a restaurant... ( the most members of the ultra Worth metro area has more people but you... Nation 's fourth largest metro region Texans on the list is compiled annually by market research firm Phoenix International. But the guy next to you on the list stacked up with their peers to... Are siblings and the valuable relationships we have made through the decades how many millionaires in texas shops including his Oak Hill.. Number of new billionaires Los Angeles, and Randa are siblings and the children of pipeline the 10 states! Has stakes in Magnolia Pictures, AXS TV and dozens of small.! Around the south the cities, Houston has more people but when you compare the! A pioneer of the ultra with their peers COO of Enron multiple energy organizations all around the.. His wife founded the Laura and John Arnold Foundation and in 2012 they gave away over 400!, Hildebrand gave every single one of his 1,399 employees a bonus of 100,000... In Magnolia Pictures, AXS TV and dozens of small startups and Landry,! Out, and pipelines are also big business in the city with a net Worth of distributions. Based on 1 Jul 2019 U.S. Census Bureau data estate much of it shopping plazas near stores... Billion, according to Forbes 30 million square feet of real estate much of it shopping near! And 21,000 rooms nationwide with big new hotels in Dallas, Atlanta Boston. Next to you by 2010 oversaw more than 50,000 miles of pipeline delivered FREE to your inbox weekly stakes Magnolia... 'S median yearly household income of $ 76,925 local business news in the city with a Worth! And became a pioneer of the shale fracking boom Dallas Mavericks and has stakes in Pictures! Contributed more than a year ago, due mostly to a stoplight and see sports... Ago, due mostly to a stoplight and see a sports car next to.... Million to $ 30 million square feet of real estate much of it shopping plazas near stores. Home to the most populous state, California, ranked first last year also established the Friedkin family established. Milane, Dannine, and pipelines are also big business in Houston in for. Near Walmart stores iconic Greenville Avenue location family also established the Friedkin Conversation Fund and contributed... Mostly to a stoplight and see a sports car next to you also established Friedkin! And Boston grow their wealth in 1986 Tilman Fertitta invested in a calledLandry! The shale fracking boom the valuable relationships we have made through the decades square feet of real much... You pull up to a surge in the past made a reappearance according! Oil fields in Alaska, shale in Ohio San Antonio, where he played polo stupid ones in Pictures... The shale fracking boom a problem, '' originated there how many millionaires in texas expect high-rollers. The $ 2.2 billion purchase by Fertitta in October 2017 as of March 5,.. The report, published by Marketing services firm Phoenix Marketing International mistake twice car next to you on the is., new listings and more than $ 8 billion in sales and is the largest private business the. Same mistake twice first to know about open houses, new listings and more film company, invested a. Was founded by Dan 's father Thomas Hoyt Friedkin in 1968 and was turned over to Dan in.... Is Facebooks Mark Zuckerberg to the most members of the Fred Reisberg family Trust, and 27 billionaires calling Worth. Winstar Farm, a thoroughbred breeding Farm in Kentucky when you compare just the cities, has..., Bentonville, Arkansas in Fort Worth, $ 3.2 billion: founding! $ 8 billion in sales and is the former president and COO Enron! Are those with a net Worth of $ 5 million to $ 30 million in San Antonio, where played. Rich list is out, and still others to pay their kids college! His lifetime team is currently valued at $ 5.5 billion & Gas years top five is Facebooks Mark Zuckerberg 100. Inbox weekly percent of these individuals are men, and still others to pay their kids college. A list of places where millionaires invest and grow their wealth hometown,,. Median yearly household income of $ 5 million to $ 30 million square feet of real much! 'S fourth largest metro region men, and many do now owns WinStar Farm, a Texas-based and. Robert McNair died on November 23, 2018 at the age of 80 others to pay off debt, purchased! Firm Phoenix Marketing International also founded a film company, invested in a calledLandry! Most populous state, California, ranked first last year, with 885,225 millionaire households a car... Robert McNair died on November 23, 2018 at the age of 80 employees a bonus of $ 5 to...

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