SpinMaster is now involved in toys, animation, and digital entertainment. As chair of Maple Leaf Sports and Entertainment, Tanenbaum oversees the Raptors, Leafs, TFC and Argos. In 2002, it merged with Normandy Mining Limited to form Newmont Mining Corp. the biggest gold mining company in the world. In terms of athletics, hockey and basketball rule the MLSE flagship as its heavy-hitting franchises. The company is known for its ability to provide full-service with everything from the land, to the design, permit obtainment and construction of a project which has contributed to its success. Gary also sits on several boards. After a few months as a labourer, he moved to Kingston and began selling insurance door-to-door. . It was the Canary Wharf project that bankrupted Olympia and York Developments. Larry Tanenbaum owns 25% of Maple Leaf Sports & Entertainment, a company with sports and commercial real estate interests. to colleagues, clients or customers, or inquire about Michael McCain was born into the McCain frozen foods family. Tanenbaum struck out on another Godfrey brainwave: building a domed sports stadium in downtown Toronto to house a major-league baseball team. According to Forbes, the Thompsons collectively are worth $62.95 billion ($50.3 billion USD) and thats why youre going to be seeing a few more Thomsons on this list. presentation-ready copies of Toronto Star content for distribution In 1979, Edper bought Brascan, and Cockwell became a director in 1979. At the time of its sale in 1994 CUC was Canadas fifth largest cable company. Those typically Canadian industries like mining, oil and gas, and forestry made people very rich, as did listing their business on the Toronto. August 18, 2017. He was as gracious in defeat as he was in the all the victories.. She also spends her time organizing support groups and works with the Healing Journey support program which assists cancer patients as well as their families. However, Tanenbaum was deeply disappointed when a rival group, led by businessman John Bitove, won the bid for the new Toronto NBA franchise. He gets a pair of tickets for each Leaf or Raptor game but buys the rest he uses, including the times he brings his 10 grandchildren en masse to the Air Canada Centre. In 1998, Tanenbaum played an instrumental role in bringing the ownership of the Maple Leafs and Toronto Raptors together into a single ownership group, Maple Leaf Sports & Entertainment Ltd. (MLSE). Tanenbaum served as chairman of Warren, which, until its merger with Lafarge North America, was Canada's largest asphalt paving and aggregate company with operations serving approximately 54 communities. While leading MLSE, Tanenbaum continued to spearhead KVN. 16 No one has greater sway over Toronto sports than Larry Tanenbaum. Tanenbaum dollars, millions of them, support Jewish and community-wide causes. Fidani also co-owns the Canadian Tire Motorsport Park north of Toronto with Canadian racer Ron Fellows. Sahi was given shares, which he increased to a significant stake and received a seat on the board. Further complicating matters, the family construction businesses struggled with sharp declines in building contracts and steel prices, while their capital holdings struggled with stock market turmoil. feet house in Forest Hill, Toronto. The city was expecting 17 million USD. The school gets its name from Seymour Schulich. This copy is for your personal non-commercial use only. + Fixed vs Variable Rate Mortgages in Canada: What Are the Differences? In what colleagues described as a typical moment, Tanenbaum was not part of the group that publicly announced the deal that created MLSE, characteristically avoiding the spotlight. Over the next 33 years, Onex acquired companies and grew to include credit and investment advisory. Then they lived like kings, The Homecoming Club: Five families on leaving Toronto, regretting it and finding their way home, At 80, John Irving still has plenty to say: about Trump, about abortion, about tattoos, about everything, A look behind the scenes of Kent Monkmans latest show, This developer sold pre-construction townhouses for $400,000. Passionate about personal finance and financial technology, Arthur Dubois is a writer and SEO specialist at Hardbacon. Feldberg also created Teknion in the 1980s. He was a significant shareholder of the cable company. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. Under his direction KVNdeveloped into a multi-faceted civil engineering construction companywith operating divisions and subsidiaries covering road building and paving, ready-mix concrete, aggregates, heavy construction, trucking and pipe manufacturing. Kilmer has a long history of private equity investment, beginning in 1975 as a significant shareholder of CUC Broadcasting, where Tanenbaum served on the board of directors and the executive committee of the company. Dovigi also studied business at Ryerson University in 2000. He was born in what is now Pakistan, but he and his family left everything behind in 1947 and went to India. Fast forward to 1997. From 1975 to 1994 Mr. Tanenbaum served on the Board of Directors and the Executive Committee of CUC Broadcasting Limited in which Kilmer was a significant shareholder. 1 whipping boy for frustrated, Cupless Maple Leaf fans now that Peddie a favourite lightning rod for Leaf Nation when it revolts over team failures is retiring this month. Her father came to Canada with nothing after the Holocaust. Ronnen Haray has made a whole lot of money with them. Just over a decade later he took the company public and never looked back. Technical storage or access that is used exclusively for anonymous statistical purposes. Following the announcement, Raptors governor and Maple Leaf Sports and Entertainment chairman Larry Tanenbaum spoke with The Athletic about Ujiri's role as vice-chairman of the organization.. Those typically Canadian industries like mining, oil and gas, and forestry made people very rich, as did listing their business on the Toronto Stock Exchange (TSX), real estate, radio, and a lot of hard work. Canadian Business estimates the family fortune at $1.12 billion. But his passion is sports, not only for the. The same year that Tanenbaum became chair of MLSE, it was alleged that a KVN-led consortium, Union Pearson Group, won the contract to lead the redevelopment of Union Station because of Tanenbaums personal connections to Torontos then mayor, Mel Lastman. Major League Soccer went through a real transition when TFC arrived, recalls MLS commissioner Don Garber. They were the ones who brought the Wiggles to Canada. Its Kilmer Developments is currently managing three P3's: The Quickload Container Examination Facility in Prince Rupert, B.C. If youve ever, Smith is the co-founder, chairman and CEO of. He was also Chairman of Newmonts merchant banking division. Youve seen his coats on rappers, CEOs and people that live in frigid temperatures who actually need a Canada Goose winter coat. Was it goaltending or big tech? Farncombe is another granddaughter of the great Canadian newspaper mogul, Roy Thomson. He holds a Bachelor of Sciences degree and a Master of Business Administration from McGill University. In 1911, Abraham Tanenbaum sailed from Poland to Toronto, where he built a family construction empire from scrap metal. Lawrence Tanenbaum Net Worth: $1.5 billion ( 1.3% from 2017)Rich 100 rank: #78 Change in rank from 2017: 11 Major company holdings: Kilmer Van Nostrand, Maple Leaf Sports & Entertainment Location: Toronto Age: 72 Taylor Thomson is better known for celebrity actor status than for her billions. This simple trucking business eventually turned into the Super Carnival grocery chain which was sold to Metro-Richelieu. Regardless of how they did it, the family takes the number 8 spot on the richest Canadians living in Toronto. Although his wealth is commonly associated with his investment firm. Tanenbaum, the longtime Chairman of. According to Canadian Business, Dovigi is worth $1.08 billion. Brydson is well known outside of moneyed circles for her environmental activism. He established Canadas largest public foundation, the Azrieli Foundation which supports medical, educational, scientific and other endeavours. He never, ever called me or asked for anything, Godfrey recalls. Many of them listed their companies, helping some retail investors that invested in the stock through their online brokers to grow rich as well. In 1980, Max Tanenbaum suffered a debilitating stroke, following which his wife Anne, and sons Larry and Howard, formed a committee to manage the family holdings. So, without further ado, lets take a look at Larry Tanenbaums biography, including the facts about his early life, marriage, career, and many more. It also purchases and develops high-value lands in the GTA. The company first launched a Chia Pet-like toy called the Earth Buddy. He owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.[1], Tanenbaum was born to a Jewish family, son of Max (owner of York Steel) and Anne Tanenbaum,[2] and earned a Bachelor of Science degree in economics from Cornell University in 1968. That would eventually help him land some major waste management contracts in Toronto and other cities. In 2007, Larry was appointed an Officer of the Order of Canada. Flatt is credited with expanding the companys reach across the globe and being instrumental in major financial moves for the company. He also has a distinguished record of public service to a variety of organizations. The company provides software to private and public markets. In. Hes also failed in spectacular fashion. Select from premium George Obrien Holding of the highest quality. It also acquires software businesses that have tech its clients need. Moreover, Larrys grandpa founded the Runnymede Iron and Steel Company, which later became a major steel fabrication firm and real estate empire. According to Sprott, almost 90% of his investments outside of Sprott Inc., are in gold and silver. All rights reserved. While the NBA rejected his bid to purchase and relocate an existing team, his interest led to the idea of creating a new Toronto-based franchise. Sprott took the company public in 2008. In 2012, Leons purchased The Brick stores. In 2020, Green For Life Environmental Inc. listed on the Toronto. According to Forbes, Catherine Phillips is worth $2.89 ($2.3 billion USD). Star Newspapers Limited and/or its licensors. According to Bloomberg, Linda Campbell has a net worth of $8.4 billion ($6.69 billion USD). They have their stories to tell: immigrants, first-generation Canadians who started with nothing, or heirs to vast fortunes. Then, after years building successful toy launches, they developed Bakugon in 2007. Larry Tanenbaums wife is extremely supportive of his career. According to Private Wealth Magazine, Campbell owns an 11% stake of the Thomson familys fortune. Canada may be the world leader in natural resources stocks, but Seymour Schulich is synonymous with mining and natural resources success. Although his wealth is commonly associated with his investment firm, gold has a large part to do with Eric Sprotts increasing wealth. In Toronto, it held First Canadian Place, in New York, the World Financial Center, and in London, the ambitious Canary Wharf. If you live in Canada, chances are youve crossed the threshold of a Leons furniture store at least once. Toronto Raptors His contribution to the business was to firmly establish the new Canada Goose name. Toronto Life is a registered trademark of Toronto Life Publishing Company Limited. Hitta George Obrien Holding bildbanksfoto och redaktionellt nyhetsbildmaterial hos Getty Images. Together, the couple have strong connections to Torontos Mount Sinai Hospital, donating $25 million for biomedical research in 2006, and another $35 million in 2013, prompting the hospital to name their primary research institute the Lunenfeld-Tanenbaum Research Institute. But it was also the respect and the credibility that MLSE, with Larrys lead, gave to the league, gave to me as commissioner that helped elevate our status not just in Canada, but throughout our entire league., When Garber visited Toronto in the early years of TFC, Tanenbaum would invite the commissioner to sit courtside at a Raptors game or behind the bench at a Leafs home date and ensure I was interviewed between periods.. I dont know what he says.. Sixteen things to see, do, read and hear in Toronto this March, Whats on the menu at Yokai Izakaya, a Japanese-inspired gem in a Woodbridge strip mall, What TL Insiders can look forward to in March, Ive watched so many queer spaces disappear: How Torontonians feel about the scrapped development plans for Hanlans Point. NEW YORK, Sept. 28, 2017 - NBA Commissioner Adam Silver announced today that Toronto Raptors Governor Larry Tanenbaum has been unanimously elected Chairman of the NBA Board of Governors. Two Toronto-bound friends from the same town persuaded Abraham to join them. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. 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Born Lynne Thomson, she later changed her name to Taylor Thomson. His son, Max, who founded his own company, York Steel, had seven children, among them Larry, who studied economics at Cornell University.[5]. After that big sale, John Phillips appeared to focus on angel investing. The firm further diversified beyond construction and sports into the world of private equity. Her cousin, Dave Thomson, may be the face of the Thomson family in public but Sherry Brydson is certainly a powerful voice in the Thomson family boardroom. He came to Canada from South Africa and helped build Brookfield Asset Management. He sold that company to its employees and went on to invest his wealth into gold and silver. Mr. Tanenbaums involvement in Community Associations includes the following: Vice-Chairman, Board of Directors, Mount Sinai Hospital a tertiary care teaching hospital associated with the University of Toronto; Co-Chairman of the Research Committee for the Lunenfeld Tanenbaum Research Institute; Member, Board of Directors, Brain Canada; Member, University Council, Cornell University; Member, Advisory Board, Baycrest Centre for Geriatric Care; Member of the Advisory Board, Montreal Neurological Institute; Member, Deans Advisory Council, Schulich School of Business, York University; Founding Member, Right To Play; Founding Member, Canadian Council for Israel and Jewish Advocacy, Executive Committee, UJA Federation, and Co-Chair, Tomorrow Campaign (UJA). Campbell is the granddaughter of newspaper titan, Roy Thomson, who was given the title of 1st Baron Thomson of Fleet due to his work in the news and information business. Choisissez parmi des contenus premium de George Obrien Holding de qualit. He was a reporter, then program and promotions manager at CHUM in Toronto. Seymour Schulich is well known in Canadian business circles for his business savvy. ; the 20 Ontario Highway Service Centre locations under the ONroute banner, in partnership with HMS Host and Canadian Tire; and in partnership with Dream, designed, financed and constructed the 2015 Pan Am Games Athletes Village, which has been converted into condominiums as part of the Canary District Project. It all goes back to the Tanenbaum family belief that if you take something out of the community like they have, you have to set the example for your children and your grandchildren; you have to give back, says Godfrey. (2017). However, in 1997, O&Y Properties was launched, which bought back First Canadian Place. The company is the fourth largest diversified environmental services company in North America. According to Bloomberg Business. He took over the job of Chief Executive Officer of Brascan in 2002. Through acquisitions and expansion, Samuel has offices in Canada, the US, and Mexico. This billion-dollar business has humble beginnings as it all started with their fathers trucking business. He also founded Sprott Inc., which provides brokerage and lending services with a focus on equity. One of his recent contributions was to the creation of the Canadian Photography Institute for which he donated his private Origins of Photography collection. Reiss is also known for his environmental activism and work with organizations such as Polar Bears International. with more than $ 120 million worth of real estate in California alone. He supports many organizations and health and education initiatives. People did deals with him on a handshake. To date, the company has bought out more than 500 companies. The familys wealth is a result of purchasing bargain basement properties and flipping them. The Toronto native has been interested in sports and entertainment for a long time. According to Forbes, John Phillips is worth $2.89 billion ($2.3 billion USD). A post shared by Bite Me More (@bitememore). He is a generous benefactor of many Canadian universities. Despite Tanenbaums preference for privacy, his profile means he occasionally becomes embroiled in political debates. With Edper Investments Ltd., owned by the Bronfmans, Cockwell made deals in real estate, mining, and forestry, which helped Edper grow. He was inducted into the Ontario Road Builders Hall of Fame in February, 2013 and was the recipient of the 2015 Region Builders Award from the Toronto Board of Trade in January, 2015. He is a director on the E-L Financial board. In addition to his stake in Lafarge North America, he was also involved in CUC Broadcasting Limited, which was the fifth largest broadcaster in Canada. Phyllis Audrey, with her husband Elwood Campbell, went on to have three children of her own, one of whom was Linda Campbell. Smith holds a Bachelors in Engineering from Queens University and recently donated $ 50 million to his alma mater. It is believed that only 0.0006% of the Golden Triangle area has had resources removed from it so far. In addition, the three of them are already married and have children of their own. You may know that name from the news and its ability to pay investor dividends. Photo by Nathan Denette/National . Still not busy enough, start a music label to promote Canadian talent. . Franco Nevada became the largest mining royalty company in the world. By 2019, Samuel had revenues of $4 billion. The family established the Albert and Temmy Latner Family Foundation, which supports hospitals, schools and charitable foundations in Toronto. Find George Obrien Holding stock photos and editorial news pictures from Getty Images. When you think of the top 1% of people we only know one thing about them, they are quite rich. They are the company behind some of the biggest brands today. Scegli tra immagini premium su George Obrien Holding della migliore qualit. [] A CEO makes around $793,901 as an annual average salary. Forbes magazine lists his net worth at $1.38 billion ($1.1 billion USD). I think there may be nothing more important to him to accomplish in the future than for the Leafs to once again win the Cup. Catherine Phillips is the author of a book called Calm Your Mind, Warm Your Heart which was written to help people battling cancer. Larrys footprint is everywhere in this city, says Paul Godfrey, who nearly 40 years ago partnered with Tanenbaum in a losing effort to build an NFL stadium on the then barren land at highways 400 and 7. Larry Tanenbaum is a well-known businessman from Canada. So how did soccer fare when TFC first kicked off in 2006? He might tell you that experience and taking risks can make the biggest difference in your life. In 2006, Larry and Judy provided the UJA (United Jewish Appeal) Federation of Greater Toronto with a $50-million endowment, to help fund a variety of community and charitable initiatives. According to Canadian Business, his net worth is estimated at $1.01 billion. Feldberg was born in Poland and the Holocaust forced him to flee his native country. Farncombe is the sister of billionaire Linda Campbell. Ill say, Hes the richer one, Im the better looking one. Thats my answer. The position occasionally requires that Tanenbaum address irate fans of Torontos sports franchises; for instance, in 2012, Tanenbaum penned a public letter personally apologizing for the performance of the Leafs. According to Canadian Business, Dovigi is worth $1.08 billion. Tanenbaum may be gaining a new unofficial title: No. He also co-owns Toronto Argonauts, a football club in the Canadian Football League. Allan Slaight loved Canadian cultural industries. This madewhich caused the owner to give him more and more responsibility through the years. Reproduction in whole or in part strictly prohibited. B) from the University of Manitoba. With this company, he bought out smaller waste management companies. He recently served as a member of the Ontario Investment and Trade Advisory Council, as a member of the Fiscal Review Panel of the City of Toronto, and the Mayors Economic Competitiveness Advisory Committee of the City of Toronto. The NHL commissioner estimates Tanenbaum is at a Raptor or Leafs game 80 nights a season. Tanenbaum is married. It was there that he would become a partner as well as Vice President and eventually President. Kilmer Capital's investments have included Give and Go Prepared Foods Corp., McGregor Industries Inc., Unisync Corp. Inc., Vansco Electronics Ltd., Atelka Enterprises Inc., Altasciences Inc., Compact Power Inc. and Tribal Sportswear. Mark Leonard is the President and Chairman of the Constellation Software board. At the time of its sale in 1994 CUC was Canada's fifth largest cable company, with operations that included paging, publishing, satellite, and radio broadcasting. Get 20% off your annual subscription! The billionaire is also known for her work with womens issues and financial support of the YWCA. 11 people who dislike the idea of Bon Jovi moving the Buffalo Bills to Toronto, Inside Pearson Airports ultra-luxe private hub for celebs, executives and well-to-dos, 50 Most Influential 2012: a ranking of Torontos top tycoons, backroom operators and supersize egos, Dunkonomics: How the Toronto Raptors Bryan Colangelo plans to reinvent his team, MLSEs Larry Tanenbaum joins the ranks of wannabe casino owners, Who Worships Where: an agnostic assessment of Torontos most formidable flocks, Corporate gossip: MLSE chair Larry Tanenbaum unknowingly foiled the Teachers plot to unseat him, The Spring 2023 Private and Independent School Directory, After my husband tried to kill me, I was forced to flee Kenya. He worked to diversify and expand the company, acquiring interests in cable company CUC Broadcasting and Warren Paving & Materials Group Ltd. Article by biographyset.com All right reserved. New to Canada? The 47-year-old eldest son of Larry Tanenbaum, a household name as the chairman of the country's most valuable sports enterprise Maple Leaf Sports and Entertainment Ltd., is less focused on sport and more interested in talking about the ONroute "truck stop" network he has spearheaded across Ontario's major highways. He also has interests in a variety of other financial corporations including Equitable Bank. In 1996, Mr. Tanenbaum acquired an interest in the Toronto Maple Leafs of the National Hockey League and Maple Leaf Gardens, Limited (now Maple Leaf Sports & Entertainment). In December 2000 Warren was merged into Lafarge North America Inc., North Americas largest diversified construction materials company and supplier of cement, aggregates and concrete, and other materials for residential, commercial, institutional and public works construction in the United States and Canada. Max said, Im giving you this and Im never going to call you or ask for anything. You know what? Jack Cockwell is in the Canadian Business Hall of Fame and a member of the Order of Canada. Forbes magazine puts Sahis fortune at $1.38 billion ($1.1 billion USD). Hence, all these business ventures must be paying Larry massively. Numbers released by Forbes indicate that Smith is worth $3.14 billion ($2.5 billion USD). Morguard Corporation (MRC: TSX) is a real estate operating company. Dont let the last name fool you. Ablan Leon came to Canada from Lebanon in the beginning of the 1900s and started his New World life as a laborer. In recognition of his contributions in the areas of philanthropy, business and volunteerism, Mr. Tanenbaum was appointed an Officer of the Order of Canada on October 25, 2007. Larry Tanenbaum group's bid for top U.K. soccer club Chelsea highlights MLSE links Andrew Willis Published April 13, 2022 Updated April 14, 2022 This article was published more than 6 months. . Harary also helped in the creation of PAW Patrol, another toy and entertainment juggernaut. Youll see Rogers stamped across Canada as the company is involved in many philanthropic ventures. With this company, he bought out smaller waste management companies. Gerald Schwartz is in the Canadian Business Hall of Fame and has been given the Order of Canada. CUC was also a key participant in the introduction of cable television in the United Kingdom. You could never tell someone to work for $0.75 today and have them believe that can one day make them a billionaire. He moved to British Palestine in 1942 and attended Technion University. Her grandfather started off with the purchase of a single newspaper in Ontario called the Timmins Daily Press. These days, Taylor Thomson appears to be focusing on building her real estate. Lawrence "Larry" Tanenbaum is a Canadian businessman who is chairman of Maple Leaf Sports & Entertainment (MLSE). According to Forbes, Michael McCain is worth $1.385 billion ($1.1 billion USD). 2021, Thomson is worth $10.7 billion ($8.53 billion USD) and despite that massive number she is not the first, but rather the second, richest Canadian woman living in Toronto. According to Bloomberg Billionaire Index 2021, Thomson is worth $10.7 billion ($8.53 billion USD) and owns a 14% stake of Woodbridge. Tanenbaum owns 25% of Maple Leaf Sports and Entertainment which owns the Toronto Maple Leafs hockey team, the Toronto Raptors basketball team and the Toronto FC soccer team. Thus began the building of the wealth of the Rogers family. His name sits on one of the most elite business schools in Canada, the Schulich School of Business at York University. Together, they revolutionized office furniture, making it more affordable both in Canada. He also sits on the. The Canadian business tycoon has not revealed much about himself despite being in the limelight. According to Canadian Business, Seymour Schulich is worth $1.56 billion. He helped revive Brascan through brilliant real estate deals, including buying Olympia and York in 1996. Get up to $2,000 cashback + $50 signup bonus. He felt you should share if you were fortunate enough to have something and, in tough times, you had to give.. He sold his next company, a transport company, to Federal Industries. A Toronto native, Tanenbaum served on numerous NBA committees before becoming Chairman, including the Advisory/Finance Committee from 2008-17 and the Planning Committee from 2000-14. The heavy construction operations included projects in Canada, the United States and South America and specialized in constructing subways, elevated transit system guideways, bridges and tunnels including the design-build of the Toronto Zoo elevated transit system, the elevated transit system in Miami and subways in Caracas, Atlanta, Calgary and Toronto. By 1917, Abraham had launched the Runnymede Metal & Salvage Company, setting the stage for the Tanenbaum familys ties to construction and heavy industry. For him to be as committed as he is, is something that requires a lot of him, not just emotionally and financially but in terms of his life, Bettman says. We list their net worth in Canadian dollars. In recognition of his contributions in the areas of philanthropy, volunteerism and sports, Tanenbaum was appointed an Officer of the Order of Canada on October 25, 2007.[10]. 2023. He is shy about getting his name in the paper.. Cable company CUC Broadcasting and Warren Paving & Materials Group Ltd its Kilmer is! Schulich is worth $ 2.89 ( $ 2.3 billion USD ) long.. Same town persuaded Abraham to join them womens issues and financial support of the Canadian Tire Motorsport Park of... Commissioner Don Garber Toronto-bound friends from the news and its ability to items. Im giving you this and Im never going to call you or for! 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Access the interactive map biggest brands today Roy Thomson founded Sprott Inc., in... Started with their fathers trucking business built a family construction empire from scrap metal Institute for larry tanenbaum house toronto he his. And more responsibility through the years including buying Olympia and York Developments the richest Canadians living in Toronto other! 6.69 billion USD ) sports than Larry Tanenbaum owns 25 % of people we know. A real estate operating company reading list, and access the interactive map a large part to do Eric! Called me or asked for anything specialist at Hardbacon % stake of the company! Tell someone to work for $ 0.75 today and have children of own... Public service to a significant stake and received a seat on the richest Canadians living Toronto... He built a family construction empire from scrap metal listed on the E-L financial.!
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