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Elon Musk Asks Job Applicants This One Question To Determine Honesty

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Absolute honesty is probably not a realistic goal in the realm of job interviews. But billionaire Elon Musk cares enough about it to have come up with a question that he says can let him know whether any applicant hoping to work for him at Tesla, SpaceX, or in any other capacity is being reasonably truthful about their past work experience. During a recent speech at the World Government Summit in Dubai, CNBC reports that the question is this: What were the most difficult problems you faced and how did you solve them? Musk explains:

"Tell me the story of your life and the decisions that you made along the way and why you made them and also tell me about some of the most difficult problems you worked on and how you solved them … People [who] really solved the problem, they know exactly how they solved it. They know the little details."

Justin Sullivan/Getty Images

According to Musk, that differentiates them from a typical job interview fabulist, who he says has a tendency to "maybe go one level and then they get stuck" when they're asked the question. Musk says he's looking for interviewees who can answer it at length, on the grounds that "[a]nyone who struggles hard with a problem never forgets it." Presumably, this also gives Musk and/or the person conducting the interview a chance to assess the candidate's actual problem-solving experiences, but he almost makes that sound like that's beside the point.

In any case, anyone who has been thinking about applying to work at Tesla or any of Elon Musk's other companies now have some inside information on how to ace the job interview or the interview with almost any other company for that matter: If you're going to lie, do so with lots of detail.

Read more: Elon Musk Asks Job Applicants This One Question To Determine Honesty


While Most 11 Year Olds Rode Bikes And Played Video Games, Allegra Versace Inherited A Billion Dollar Fashion Empire

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When Allegra Versace was 11 year old, her famous uncle Gianni Versace was tragically murdered by a deranged fan outside his Miami mansion. Gianni, who had no children of his own, left 50% of the fashion house that bared his name, to his favorite niece Allegra. Gianni left 20% of Versace to his sister Donatella and the remaining 30% to his brother Santos. Allegra was instantly worth hundreds of millions of dollars on paper. But what happens when an 11-year old inherits 50% of one of the world's most recognizable fashion houses and subsequently a gigantic personal fortune? How does a life lived in the spotlight of the Italian fashion world prepare a young woman for the life ahead of her? As if her life hasn't been crazy enough so far, the Versace family just sold their fashion house to Michael Kors for $2.2 billion. If this deal goes through as planned, Allegra will be extremely close to billionaire status.

Allegra Beck Versace was born on June 30, 1986 to designer Donatella Versace and ex-fashion model Paul Beck. She grew up in Milan, where she has been described as being a very smart, shy, and serious little girl who always had her nose in a book. Allegra was her uncle Gianni's favorite niece. After his death in 1997, the world was shocked the learn that his will dictated that 50% of his fashion empire as well as several incredibly valuable mansions would go directly to Allegra. That's a lot for an 11-year old to handle. Technically, Allegra officially inherited her Uncle Gianni's fortune on her 18th birthday.

Allegra and Donatella Versace

Allegra and Donatella Versace/ Chris Jackson/Getty Images

Allegra spent time at both Brown University and UCLA, where she studied French, art history, and theatre. The move to Los Angeles could have turned Allegra into a Paris Hilton style celebutant, but fortunately she managed to avoid that fate. Allegra Versace has always been media-shy, avoids the limelight, and lives a quiet life, rarely giving interviews. On the other hand, a life spent as the heiress to the Versace fortune has taken its toll on the young Allegra. In 2007, when she was 20-years old, Allegra underwent treatment for the anorexia she had been battling for years. Currently, Allegra Versace sits on the Board of Directors of Gianni Versace S.p.A. and divides her time between her mother's home in Milan, the SoHo home of her cousin Antonio in New York City, and a house in Los Angeles.

Allegra and mother Donatella

Allegra and mother Donatella/ Stuart Wilson/Getty Images

From the outside looking in, Allegra has been handed a tough road to run. Sure, she's worth as much as hundreds of millions of dollars, but at 27-years old, is she prepared to work with her mother Donatella and uncle Santos to guide the venerable fashion house known for its gaudy, colorful, over the top styles back to the top? The economic downturn wasn't easy on the house of Versace. Their homegrown Italian rival Prada, with its more subdued styles, lines, and colors, outperformed Versace for several years.

Since Gianni's death, Versace has struggled to recapture the success it had when the flamboyant designs of Gianni defined the label. Donatella has taken over the design duties since her brother's death. Sales have dropped. It's not just the economy going bad, it is also the subtle shift in design at Versace after Gianni's death as well as changing tastes. Brands like Roberto Cavalli and Dolce & Gabbana have stepped up and grabbed the fashionistas that used to flock to Gianni Versace for his brash and sexy styles.

In an effort to bounce back, in 2014 the family sold a 20% stake in the company to a private equity firm at a valuation of $1.4 billion. The investment infused Versace with a little more than $200 million in cash. Neither Allegra nor her mother were willing to give up any of their shares. The shares came from Santos' 30% stake in Gianni Versace S.p.A..

The cash infusion helped the brand open more company owned stores, regain control over licensed products, and expand Versace's reach into China.

Their efforts were certainly successful because in September 2018, Michael Kors Holdings announced a deal to buy Versace S.p.A. for $2.2 billion. After taxes Allegra won't quite be a billionaire, but with various dividends over the years she is very very very close. She's 32 years old.

What an interesting life so far. I wonder what Allegra and her mom Donatella will due for their next act?

Read more: While Most 11 Year Olds Rode Bikes And Played Video Games, Allegra Versace Inherited A Billion Dollar Fashion Empire

India's Richest Man Brings Speedy Internet To The Poor, Repressed, Rural Areas Of India

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Mukesh Ambani is the head of Reliance Industries, one of the biggest conglomerates in India. He could sit back in his mansion and count his billions, but that's not who Ambani is. Instead, he has spent $35 billion of Reliance's money to bring the first all 4G wireless network to India. This allows him to offer free phone calls and exceptionally inexpensive data and give 1.3 billion people access to global tech and ecommerce giants. This relatively simple act has upended the telecom industry in India and sent his competitors into a tailspin trying to keep up.

Reliance has unleashed a cutthroat price war on wireless networks in the country. Will the company make any profits? Industry analysts believe that the Ambani's plan is to use the 4G network to sell advertising, content, and financial services. The company could recoup the $35 billion investment in coming years by charging for high speed broadband to homes and businesses as well.

INDRANIL MUKHERJEE/AFP/Getty Images

Ambani's network has the potential to make India the largest, most diverse, and most connected population in the world. The low cost access to data will go a long way towards helping level the field between the rich and the poor. The 4G network could also be a big deal for Google and WhatsApp. Both companies have poured resources into developing products geared towards the market in India. Additionally, Amazon and Walmart have invested billions on setting up logistics in India for online shoppers. To cash in on their investment, people just need to be connected to the internet.

India has 390 million internet users, but that's only 28% of the population. For comparison, 88% of the United States is connected to the internet. The e-commerce market is expected to bring in $33 billion this year. That's three times what it was in 2015 but still less than 3% of the overall Indian retail market.

Ambani's telecom company Jio Infocomm Ltd has brought broadband to the villages and the countryside. Now a potato farmer in the Himalayan foothills who lives in a house built of mud and stone is able to order a refrigerator online. For someone in a village with no paved roads or indoor plumbing, Ambani's 4G network offers unlimited data for $2.10 a month.

Jio has signed up 215 million customers since it debuted in 2016. It is India's fourth largest mobile provider. Oh, and Jio means "to live" in Hindi.

PUNIT PARANJPE/AFP/Getty Images

Ambani set out to transform the wireless landscape of India in 2010 when he acquired a company that had just received a license to offer 4G throughout India. At the time, less than one in 10 people in India were online. Other telecom companies were still debuting 3G services. Hardly anyone even had a smartphone capable of using a 4G network.

The 4G network is faster, which enables better streaming video and music. It also offers a more stable connection, which is important for online shopping.

Ambani was perhaps inspired to bring 4G to India after he built a 27-story mansion right in the heart of Mumbai that is the most expensive private home in the world. The roof has landing space for three helicopters and six floors are reserved exclusively for 168 parking spaces. The house has a 50-seat movie theater, yoga studio, health club, spa and ballroom. Even though only six people live in the house, the building is staffed by more than 600 full-time employees. The 48,000 square foot building is estimated to have cost between $1 and $2 billion. However, the internet connection in his palatial home was terrible. His daughter was home from her studies at Yale University during a break and she could not submit her homework online.

At the time, it was largely thought that the people of India would not be willing to pay for faster internet. Ambani wanted to build a network that would cover more than 18,000 cities and 200,000 villages. His 4G would reach places that didn't even have electricity yet. To achieve that, he needed more than 200,000 cell towers and 150,000 miles of high tech fiber optic cable—an amount large enough that it could circle the earth six times.

Jio's service launched in September 2016. Phone calls and text messages are free for subscribers. Unlimited data was free for the first six months. After that time was up, Jio offered data at a price that was a quarter of the average in India.  Jio's competitors reacted—they slashed rates and cut the average data price from more than $3 per gigabyte to roughly 60 cents.

Jio transmitted more data in its first year of operation than any carrier ever across the globe. Monthly data traffic has grown by 570% since Jio launched two years ago.

Jio soon realized that even though they could reach customers who could afford their 4G data, those customers didn't have phones that could run 4G. So, they made their own JioPhone that worked on 4G and offered a limited amount of smartphone features. Customers could buy a JioPhone for a $23 security deposit.  The phone launched in September 2017 and has 47% of India's smartphone market, more than Samsung.

Read more: India's Richest Man Brings Speedy Internet To The Poor, Repressed, Rural Areas Of India

Inside The Money Laundering Scheme Of A Former Sacramento Kings Executive

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Jeff David's last job was as the chief financial officer of the Miami Heat. He took the position in July after leaving the Sacramento Kings in June of this year, where he held the same title. But David had some excess baggage in California that followed him across the country.

David allegedly took $13.4 million from two of the team's top sponsors and used the money to buy beachfront property in southern California.

The former Kings executive reportedly ran a sophisticated money-laundering scheme. David, 44, siphoned $9 million from the Golden 1 Credit Union and $4.4 million from Kaiser Permanente Foundation.

Per the Sacramento Bee, David was a major figure in the Sacramento business community. When the Maloofs – the former owners of the Kings – planned to move the team to Anaheim, David helped sponsors stay put.

One of his major accomplishments? Securing a 20-year, $120 million naming rights deal with Golden 1 Credit Union in 2015.

Ezra Shaw/Getty Images

That same year, a company named Sacramento Sports Partners LLC was created. It listed David as a manager, who allegedly opened a Sacramento bank account for the company.

In 2016, he reportedly approached officials from Golden 1 with a deal: make an advanced payment on the 20-year agreement now and qualify for lower payments later.

Golden 1 made that early payment, sending $9 million into bank account created specifically for Sacramento Sports Partners. He used a similar process to collect $4.4 million from Kaiser Permanente Foundation.

In June of 2016, Sacramento Sports Partners filed an updated "statement of information" with California's Secretary of State. The statement added Golden 1 and Kaiser Permanente as "members/managers."

Just a month later, Sacramento Sports Partners purchased a beachfront home in Hermosa Beach, CA for $8 million. The company added $1 million more in renovations. It also purchased a Manhattan Beach condo for $3.4 million. The Hermosa Beach property later went on the market at a price of $12.5 million.

According to the Kings, on August 14, a team employee noticed a folder labeled "Turbo Tax." The folder contained items related to Sacramento Sports Partners, LLC. The employee, not recognizing the entity, wondered why a company would be concerned with the depreciation of residences, furniture, and a golf cart.

The employee brought the folder to the attention of the Kings, launching an investigation.

David hasn't yet had any charges filed against him. The Heat have placed him on administrative leave while the case is being investigated.

On the Miami Heat's website, David's bio said he "developed and managed sales and marketing strategies for the Kings' parent company, which included a robust real estate portfolio of sports/entertainment venues, retail, office, hotel and residential projects."

He spent 12 years working in the NBA. Previously, he served in similar financial roles with MLS's Columbus Crew and the AVP Pro Beach Volleyball Tour.

Read more: Inside The Money Laundering Scheme Of A Former Sacramento Kings Executive

Who Is Yusaku Maezawa SpaceX's First Falcon Rocket Passenger?

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Yusaku Maezawa is the 42-year-old Japanese billionaire who has signed on to be the first commercial passenger on SpaceX's Big Falcon Rocket in 2023. His name may be unfamiliar to those in the west, but this colorful billionaire makes headlines regularly in Japan. He is the CEO of Start Today Co., which he founded in 1998 as a CD sales business in his 20s. He pioneered e-commerce in Japan. These days, he runs Zozotown, a fashion mall that sells a variety of affordable clothing brands. Zozotown's annual sales were $890 million for the latest fiscal year.

Yusaku is a character who makes headlines in Japan for his celebrity friends, his fleet of sports cars, and the way he travels in his private jet. He's a flamboyant personality in a country where that type of exuberance is not common and wealthy men usually keep a pretty low profile.

DAVID MCNEW/AFP/Getty Images

His personality and style may have been formed during the years he spent playing drums in rock bands. He played with the punk bad Switch Style, which signed with a major Japanese record label. When it came time to go to college, he declined attending Waseda University in favor of continuing to play drums. Of course, he then started a mail order business selling CDs he imported from other countries.

Yusaku is also an avid art collector. Last year he bought Jean-Michel Basquiat's 1985 skull painting for $110 million. Did he hang it in his house? Nope. He sent the painting out on a world tour. He took to Instagram to write:

"Good-bye for a while my Basquiat. I am hoping that you will be loved by people all over the world and move the hearts of people around the world. See you again soon. Have a good trip! #JeanMichelBasquiat #worldtour #imissyou."

Once the Basquiat returns home it will go to a museum in Maezawa's hometown of Chiba. Yusaku also owns works by Andy Warhol, among others.

His purchase of the Basquiat painting set a record for the highest price paid for a Basquiat painting when he bought it. He also held the previous record for a Basquiat. He paid $57.3 million for one of the artist's works in 2016. At the same auction in 2016, he also bought works by Jeff Koons, Bruce Nauman, Alexander Calder, and Richard Prince. He spent $98 million in two days on art.

Maezawa also created the Tokyo based Contemporary Art Foundation in 2012. Its aim is to support young artists. The foundation has shows twice a year. Maezawa also plans to build a museum in his hometown of Chiba to house his personal art collection.

In fact, Yusaku's journey around the moon on the SpaceX rocket is an art project. The billionaire plans to take six to eight artists with him on the rocket as part of an art project he created and is calling it #dearMoon.

Maezawa has also launched the Zozosuit as part of his Zozo fashion label. The suit is a wearable technology where customers first order a black body hugging suit that resembles a wetsuit. The suit has white dots all over it, which do a full body scan that determines the correct fit for the custom fit suit which is then produced.

Maezawa has not disclosed how much he paid for the SpaceX moon journey. He will be the first man to return to the moon in more than 50 years.

Read more: Who Is Yusaku Maezawa SpaceX's First Falcon Rocket Passenger?

Justin Bieber And Hailey Baldwin Are Reportedly Negotiating A Prenup After All

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Earlier this month, it was reported that despite having a significant sum of money in the bank, Justin Bieber was not interested in signing the traditional prenuptial agreement in his impending marriage to Hailey Baldwin. Now, TMZ reports that even though that made for a nice story, it turns out not to be true, because both Bieber and Baldwin have gotten their own attorneys in preparation for a prenup.

According to a trusty anonymous source, Bieber was convinced that for someone in his position to get married without a prenup "would be insane," so even though he's full planning to stay married forever he decided to take the step. In this case, that position is a net worth of $265 million, a hefty sum compared to Baldwin's $2 million. And as TMZ points out, "unless they co-mingle their funds to the point no one can figure out who has what, [their money] stays their separate property throughout the marriage."

Nicholas Hunt/Getty Images

This whole notion of Bieber and Baldwin tying the knot without a prenup started making the rounds after the pair were recently seen at a courthouse in New York City. Some reports came out that the two were actually getting married then, but it turned out that they were just there to get the license. Now, it seems that the marriage won't actually happen until a mutually agreeable prenup (for both Bieber and Baldwin and their phalanx of attorneys). They were also originally reported to be planning on a marriage sometime next year, but whenever it happens it's not likely anyone in the public will know for sure what the financial terms of the marriage are — and, if you still believe in love, maybe you're convinced that this prenuptial agreement won't ever have been necessary in the first place after all.

Read more: Justin Bieber And Hailey Baldwin Are Reportedly Negotiating A Prenup After All

After Losing $77 Million To Bad Investments, Kevin Garnett Lists Under-Construction Malibu Estate For $20 Million

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Earlier this month, Kevin Garnett filed a lawsuit against his former accountant Michael Wertheim and his employer, CPA firm Welenken Partners. The alleged crime? Stealing. The amount? $77 million. Kevin's lawsuit alleges that Wertheim funneled money to a guy named Charles Banks IV who then invested the money in a bunch of shady ventures. When it's all said and done, Kevin claims $77 million of his hard-earned money vanished. Kevin is the highest-earning NBA player of all time with total career salary of $334.3 million.

If he really lost $77 million, that would be roughly 23% of all the money Kevin Garnett earned on the court during his time in the NBA. BUT, when you factor in taxes, which would be appropriate because that $77 million is post-tax, it's more like 45% of all the money he earned. Pretty stunning. And that might explain why Kevin is circling his financial wagons.

First on the block? This 7-acre property in Malibu:

(via Hilton & Hyland)

Back in 2003, Kevin bought a six-bedroom house on the Pacific Coast Highway in Malibu for $6.4 million. He demolished the house and set about plans to build his dream home.

He eventually began construction on what will ultimately be an 11,000 square-foot mansion on the 7-acre, ocean-view estate.

The house is partially complete as of this writing. According to the listing agent, completing the project will take another 12 months minimum.

As we mentioned, he bought the house 15 years ago for $6.4 million. God only knows how much he's spent to date demolishing the original house, hiring architects and building the structure you see now. Certainly it was millions and millions more. Kevin is now hoping someone will step in and take the behemoth off his hands for $19.9 million.

Would you buy a half completed house from someone for nearly $20 million? You'd better LOVE their design choices!

Read more: After Losing $77 Million To Bad Investments, Kevin Garnett Lists Under-Construction Malibu Estate For $20 Million

Adil Rami Net Worth

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Adil Rami net worth, salary and career earnings: Adil Rami is a French professional soccer player who has a net worth of $14 million. Adil Rami was born in Bastia, France in December 1985. He is a centre back who spent his youth career with Frejus. Adil Rami joined Frejus' senior team in 2003 until 2006. He played for Lille from 2006 to 2011 where he scored 10 goals in 142 appearances. Adil Rami played for Valencia from 2011 to 2014 and was loaned to Milan in 2014. He played for Milan from 2014 to 2015 and for Sevilla from 2015 to 2017 before joining Marseille in 2017. Adil Rami has also represented France in international competition since 2010. He won the 2018 FIFA World Cup with France. Adil Rami won the Ligue 1 in 2010-11 and the Coupe de France in 2010-11 with Lille. With Sevilla he won the UEFA Europa League in 2015-16. He was named to the UEFA Europa League Squad of the Season for 2015-16.

Read more: Adil Rami Net Worth


Kristi Lee Net Worth

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Kristi Lee net worth and salary: Kristi Lee is an American news director and radio personality who has a net worth of $1.5 million. Kristi Lee was born in Indianapolis, Indiana in July 1960. She is the news director of The Bob & Tom Show, a nationally syndicated radio program. Kristi Lee also delivers newscasts during the program. She has been featured on the Bob and Tom Radio: The Comedy Tour productions. She started out on the radio station at her high school and got her first job at WRTV as a television engineer. She was a part time DJ at WFBQ when the station hired Bob Kevoian and Tom Griswold and she joined the show full time in 1988. Lee has also been featured on ESPN and ESPN2 working as a sideline reporter for the first three X Games as well as lacrosse and auto racing and was also the sideline reporter for the Indiana Pacers of the NBA. She started her own podcast called Kristi Lee Uninterrupted.

Read more: Kristi Lee Net Worth

Janice Dean Net Worth

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Janice Dean net worth and salary: Janice Dean is a Canadian meteorologist, television host, and author who has a net worth of $4 million. Janice Dean was born in Toronto, Ontario, Canada in May 1970. She co-hosts and serves as the weather anchor for the television series Fox and Friends on the Fox News Channel. Before working for Fox News, she worked at many other television and radio stations in both Canada and the United States. She previously worked as a Canadian By-Law Enforcement officer. Janice Dean received the American Meteorological Society Seal of Approval in 2009. As an author she has written the Freddy Frogcaster children book series. She was diagnosed with multiple sclerosis in 2005. Janice Dean has also been featured on the TV series The Big Story, Special Report with Bret Baier, Studio B, America Live, Lou Dobbs Tonight, Your World w/ Neil Cavuto, Fox Report, Happening Now, America's Election HQ, Outnumbered, America's Newsroom, Fox and Friends First, and more.

Read more: Janice Dean Net Worth

Brandon Calvillo Net Worth

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Brandon Calvillo net worth: Brandon Calvillo is an American actor and social media personality who has a net worth of $1 million. Brandon Calvillo was born in California in July 1994. He became famous on the social media platform Vine and went on to write and direct short films and YouTube videos. He has collaborated frequently with YouTuber Jason Nash and is often seen in the vlogs of YouTuber David Dobrik. As an actor Brandon Calvillo has appeared in episodes of the television series SHFTY: Super Happy Fun Time, Yay!, Warzone, Sanders Shorts, and Major Crimes. He has also appeared in the shorts Dog, Chris and Anthony, New Years Eve, First Date, Fling, The Conspiracy Part II, and Wild Nothing. Calvillo starred in the movies FML and Malignant. He wrote, produced, and directed the shorts The Last Job, Dog, Chris and Anthony, New Years Eve, First Date, Fling, The Conspiracy Part II, and Wild Nothing and the movie Malignant.

Read more: Brandon Calvillo Net Worth

DC Young Fly Net Worth

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DC Young Fly net worth: DC Young Fly is an American actor and writer who has a net worth of $2 million. DC Young Fly was born in Atlanta, Georgia in May 1992. He began starring on the television series Wild 'N Out in 2015. DC Young Fly has also been featured on the TV series Wild 'N on Tour in 2016 and Hip Hop Squares since 2017. In 2017 he starred as Dead Ass on the series Dead House. DC Young Fly has also appeared in episodes of the TV series The Quad, Mann and Wife, Tales, In the Cut, Rel, Made in Hollywood, Steve Harvey, Donnie After Dark, Summer in the City, Laugh Out Loud by Kevin Hart, Total Request Live, Black Card Revoked, and more. He produced the film #DigitalLivesMatter in 2016 and wrote the video short D.C. Young Fly: Legend in the Making in 2017.  He has starred in the films Almost Christmas, Dirty South House Arrest, and Armed.

Read more: DC Young Fly Net Worth

How The Albrechts Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $38.8 Billion

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We live in an era of truly incredible wealth and vast inequality between the richest billionaires and every day middle class people. The 25 richest families in the world have a combined net worth of $1.1 trillion. The Albrecht family is the 11th wealthiest family in the world, with a combined $38.8 billion net worth. The Albrecht fortune was made through the family's chain of discount grocery stores called Aldi. Today, Aldi has over 10,000 stores across the globe. It all started back in the early 20thcentury. Karl and Theo Albrecht's mother owned a small grocery store in a working class neighborhood of Essen, Germany. Karl and Theo would go on to grow that small grocer into a worldwide company that's assets include the popular store Trader Joe's.

Karl Albrecht was born in 1920. Theo Albrecht was born in 1922. As mentioned, their mother had a small grocery store. Their father was a miner and later became a baker's assistant. Theo Albrecht completed an apprenticeship in his mother's store, while Karl Albrecht worked in a delicatessen.  Karl served in the German Army during WWII. After the war, he and his brother Theo returned home to Essen. It was 1946. They were surprised to find that their mother's small grocery store was still standing after all of the bombing in the area by the Allies. Karl and Theo went to work at the grocery store.

Sean Gallup/Getty Images

Within a few years, the brothers had expanded that one modest location into 30 discount grocers. Their idea was that people in the industrial and working class areas weren't concerned with fancy packaging or sleek stores – they just wanted affordable food they could buy daily. Aldi stores' slogan was "The best quality at the lowest price." The stores were spartan–they didn't even have shelving. The company did no advertising. The Albrecht brothers changed the name of the store to Albrechts. By the early 1960s, they had more than 300 stores and had changed the name one more time. They now called their chain of discount grocery stores Aldi, which is an abbreviation of Albrecht Discount.

In the 1960s, the brothers agreed to split the company in half. Theo took over Aldi Nord (north) and Karl took over Aldi Sud (south). The companies are often lumped together but have been operating as completely separate businesses since 1966. Over the next several decades, Aldi Nord and Aldi Sud expanded rapidly. Aldi began expanding internationally in 1967 when Karl's Aldi Sud bought the Austrian grocery chain Hofer. Theo's Aldi Nord opened its first stores abroad in the Netherlands in 1973. Other countries soon followed. Aldi opened its first U.S. store in Iowa in 1976.  In 1979, Theo's Aldi Nord bought Trader Joe's. The company controls 100% of Trader Joe's to this day. In 2015, Aldi Sud announced it would be expanding into the Southern California market, the home of the bulk of Aldi Nord's Trader Joe's stores.

In 2010, the combined annual revenue of Aldi Nord and Aldi Sud was $53 billion.

After the fall of the Iron Curtain and German reunification, both divisions of Aldi experienced rapid growth. The brothers retired as CEOs in 1993. Control of the companies were placed in the hands of private family foundations.

Theo was kidnapped in 1971 by an attorney with gambling debts and held for 17 days until a ransom of $2 million was paid (that's about $12.5 million today). It later emerged that Karl had bargained with the kidnapper over the ransom for days. He also claimed it as a business expense on his taxes.  After the kidnapping, Karl and Theo became extremely reclusive, secretive, and private people. In fact,  Karl never gave an interview in his entire life and there are only a handful of pictures of him in existence.

Theo Albrecht died in 2010 at the age of 88. Karl Albrecht died in 2014 at the age of 94. In keeping with the Albrecht family's obsession with secrecy, Karl's death was not announced until several days later, by which time he had already been buried.  Karl owned 100% of Aldi Sud right up until the day of his death.

Read more: How The Albrechts Became One Of The Wealthiest Families On The Planet With A Combined Net Worth of $38.8 Billion

Six Billionaires Who Dropped Out Of College

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Did you know that 32% of today's billionaires did not graduate from college?  Of those who did, three times as many billionaires have degrees in the Arts than those who have degrees in Math, Finance, or Science. Now, we normally would not advocate for dropping out of college, except, well, these six billionaires prove that not having a degree didn't stop them from becoming some of the wealthiest men in the world. That said, dropping out of school was not what made these men billionaires. A big idea, hard work, ambition, dedication, and passion – and a little bit of luck – is what made them billionaires.

Michael Dell – $21 billion
Michael Dell was studying biology at the University of Texas because his parents wanted him to become a doctor. During his freshman year he started building computers for friends. This turned out to make him a nice tidy amount of money. It wasn't long before he realized that his future was not in medicine, but in computers. He dropped out.

Larry Ellison – $58 billion
Oracle co-founder and CEO Larry Ellison was born the son of a 19-year old single mother in the Bronx and adopted by his aunt and uncle in Chicago. He enrolled at the University of Illinois in 1962.  During his sophomore year his adoptive mother died and he dropped out.  The following fall he enrolled at the University of Chicago but soon dropped out to move to Northern California to work as a programmer.  In 1977 he and two co-workers founded Software Development Corporation with Ellison as CEO. The company became known as Oracle.

Justin Sullivan/Getty Images

Bill Gates – $90 billion
Bill Gates is probably the world's most famous dropout. With a net worth of $86 billion, the Microsoft co-founder, philanthropist, and Giving Pledge architect regularly tops the list of the world's richest people.  Gates enrolled at Harvard in 1973 and attended the university for two years before dropping out to build Microsoft with childhood friend Paul Allen. In 1975, they named their partnership Micro-Soft. In 1987 Bill Gates became the youngest self-made billionaire.

David Geffen – $6.9 billion
David Geffen graduated from high school with a C-/D+ average and attended three semesters at University of Texas before dropping out. He then enrolled at Brooklyn College and dropped out again when he took a job in the entertainment industry.  Ten years later he founded Asylum Records. In 1980 he founded Geffen Records, and in 1990, DGC records.  He is also one of the three co-founders of Dream Works SKG.

Steve Jobs – $10.2 billion
The late Apple and Pixar founder dropped out of Reed College in Oregon after only six months. In 1974 he took a job at Atari as a video game designer. He didn't last long as he wanted to travel to India, so he left that job.  At the age of 21, Jobs founded Apple Computers with Steve Wozniak in his garage. Their idea was to make computers smaller and more accessible to everyday people.

Mark Zuckerberg – $82 billion
As the now famous story goes, Mark Zuckerberg launched Facebook in 2004 from his Harvard dorm room.  By the end of Facebook's first year, the fledgling social network had over one million users and Zuckerberg saw no reason to remain at Harvard. So, he dropped out during his sophomore year and moved to Silicon Valley to devote himself to Facebook full time.

Read more: Six Billionaires Who Dropped Out Of College

Adam Lambert Just Bought This Gorgeous Hollywood Home For $6.5 Million

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Adam Lambert has come a long, long, long way from American Idol. And let's keep in mind that he didn't actually win Idol! He was the runner-up on the eighth season but has since gone on to carve out an incredibly successful career. He has sold millions of records and singles as a solo artist and as of 2014 has performed as the lead singer of Queen. With a net worth of $20 million, Adam Lambert is clearly crushing the game. So why not buy an insane new mansion?

Adam just picked up $6.5 million home in the Hollywood Hills. The property was built just two years ago and upon completion was listed for $7.3 million. The builders did find a buyer for $6.8 million and, for whatever reason, that buyer agreed to sell to Adam for $6.5 million.

The house is 5000 square-feet, five bedrooms, six bathrooms, a movie theater and an office. The backyard features turf lawns around an infinity pool with spa. Here is a video of the gorgeous mansion:

Read more: Adam Lambert Just Bought This Gorgeous Hollywood Home For $6.5 Million


The Three Traits All Successful Entrepreneurs Share, According To Author Robert Frank

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Author Robert Frank has made a career out of studying the traits, habits, and patterns of successful mega-founders like Jeff Bezos and Elon Musk. He says he's recently been able to determine three basic traits that all the top entrepreneurs in the business world share, and as Frank recently said to CNBC's Jon Fortt, they aren't necessarily the traits you might expect:

"I have three things that I've discovered are really important, and they are not the usual things that people say."

The first of these traits is also probably the least expected: Ignorance. Of course, all ignorance isn't created equal. Frank says that the most successful among us tend to be specifically ignorant of the problems inherent in their chosen fields. It's like the old adage about how people can't fly just because they're convinced it's impossible. As Frank explains:

"The reason that Jeff Bezos reinvented retailing is because he didn't start out at Macy's. The reason that Elon Musk has reinvented cars is because he didn't start out at GM … All these guys tell me the best thing they brought to reinventing their industry and starting a brand new disruptor was (that) they didn't know what couldn't be done in that industry."

Alberto E. Rodriguez/Getty Images

The next two qualities are more conventionally intuitive. Like obsessiveness, which many would probably guess is necessary to be a driven success in business. As Frank explains:

"These guys are almost obsessive compulsive personalities: When they get onto something, they just can't let it go."

Finally, Frank says that virtually all successful founders share a "desire to do things differently." He goes on:

"A lot of these people, everything they look at they try to figure out how you could do it differently. Whether it's a coffee cup or whatever they're doing, they're always looking for a different way to do it."

Whether or not you (or anyone) would be able to replicate these traits in their own lives and work is one of those eternal questions. But they may act as a guide for those who are looking to achieve massive, Bezos-like success.

Read more: The Three Traits All Successful Entrepreneurs Share, According To Author Robert Frank

Papa John Is Reaching Out To Private Equity Firms To Try And Buy Back His Company

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The pizza delivery chain that gets its name from "Papa John" Schnatter has still not seen the last of its namesake, according to a recent CNBC story. Schnatter is reportedly reaching out to various private equity firms in a last ditch effort to buy back Papa John's from its current owners, who gave him the boot back in July. However, Schnatter denies the report through a spokesperson:

"John Schnatter has not reached out to or had any discussions with any private equity firm or any other entity about buying Papa John's. Any such report about a potential transaction involving Mr. Schnatter is totally and completely false."

Michael Hickey/Getty Images

Be that as it may, sources with knowledge of the situation say he wants to buy it back and take the company private. Right now, he still owns roughly 30 percent of Papa John's, and he's looking for a private equity firm to link up and make an offer. However, the same toxic reputation that led to his having been axed as CEO also make it difficult for him to find a firm that's open to the idea, and he's reportedly been turned down by several already.

There has been one promising sign for Schnatter's rumored plans, though. After a long decline in Papa John's stock market value, the company's shares saw a seven percent uptick after the report was made public. Despite its numerous PR problems in the recent past, Papa John's is still said to be an enticing property, and a recognizable pizza brand is one of the few that can dependably travel overseas, analysts say.

Some of CNBC's likeliest suspects to purchase Papa John's, with or without Papa John, include Wendy's, Restaurant Brands International, and Inspire Brands, which already owns such chains as Arby's, Buffalo Wild Wings, and, following a recent $2.3 billion acquisition, Sonic.

Read more: Papa John Is Reaching Out To Private Equity Firms To Try And Buy Back His Company

Stuart Matthewman Net Worth

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Stuart Matthewman net worth: Stuart Matthewman is an English songwriter, musician, and record producer who has a net worth of $4 million. Stuart Matthewman is also known as Cottonbelly. He plays the guitar, saxophone, keyboards, and midi programming. He is best known for being the guitarist and saxophonist of the band Sade and has also been a member of the bands Sweetback and Twin Danger. Sade formed in 1982 and released their debut studio album Diamond Life in 1984 which reached #1 in three countries, #5 on the Billboard 200, #3 on the US R&B chart, and #2 in the UK. Sade released the album Promise in 1985 which reached #1 on the Billboard 200 and US R&B chart as well as in the UK and other countries. Their album Stronger Than Pride was released in 1988 and reached #1 in two countries and #3 in the UK and on the US R&B chart. Sade's album Love Deluxe was released in 1992 and reached #3 on the Billboard 200 as did their album Lovers Rock in 2000. Their album Solder of Love was released in 2010 and reached #1 in the US and in multiple countries. One of their best known singles "Smooth Operator" reached #1 on the US Adult Contemporary chart.

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Robert Ellis Silberstein Net Worth

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Robert Ellis Silberstein net worth: Robert Ellis Silberstein is an American music executive and businessman who has a net worth of $50 million. Robert Ellis Silberstein was born in Elberon, New Jersey in January 1946. He has managed several famous musicians including Diana Ross, Billy Preston, Meat Loaf, Rufus, and Status Quo. Robert Ellis Silberstein is also known as Bob Ellis and was born into a wealthy Jewish family in the garment manufacturing business. He graduated from West Virginia University. From 1971 to 1977 he was married to Diana Ross and the couple had two biological children including actress Tracee Ellis Ross. Robert also raised her eldest child Rhonda Ross Kendrick who is the biological daughter of Motown founder Berry Gordy. Other artists Robert Ellis Silberstein managed during his career include Chaka Khan and Ronnie Wood of the Rolling Stones. He has had residences in Los Angeles, California, New York City, New York, and in the state of Connecticut.

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Jennifer Knapp Net Worth

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Jennifer Knapp net worth: Jennifer Knapp is an American Australian singer, songwriter, and musician who has a net worth of $3 million. Jennifer Knapp was born in Chanute, Kansas in April 1974. Her styles include folk rock and contemporary Christian. Her debut studio album Circle Back was released in 1994 and she released the album Wishing Well in 1996. Knapp released the album Kansas in 1998 which reached #11 on the Top Contemporary Christian chart. Her album Lay It Down was released in 2000 and reached #1 on the Top Contemporary Christian chart. Jennifer Knapp released the album The Way I Am in 2001 which reached #10 on the same chart. Her album Letting Go was released in 2010 and reached #3 on the Folk Albums chart. She has also released the albums The Hymns of Christmas (with Margaret Becker) in 2012, Set Me Free in 2014, and Love Comes Back Around in 2017. She moved to Australia and has authored her memoir Facing the Music: My Story and in 2010 she announced that she is a lesbian which led to her appearance on Larry King Live.

Read more: Jennifer Knapp Net Worth

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