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... wners, a group of seven mind-bogglingly wealthy individuals or factions that owned shares of the Academy.

Yes, unlike most institutions of higher learning which were generally owned by the government or owned themselves, the Jade-Faced Academy had private ownership: the House of Azi, the House of Angra, Elektra di Elektra, the Red Cloud Theocracy, Vel'Asha, the House of Uriah, and the Moonborn Syndicate. Yes, duplicates are quite obvious here.

Elektra is the ruler of the Red Clou ...

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