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Also, Inside A Venture Capitalist's Mind: What It Takes To Be A Successful Entrepreneur

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Here's the latest happening around Forbes that you need to know today

THIS WEEK'S TOP NEWS
 

Hip-hop has its first billionaire, the artist and icon Jay-Z. Our annual list of the richest rappers highlights the artists following in his footsteps


A five-floor, 19,000-square-foot penthouse in Manhattan, with a private lap pool and glass-walled hot tub, has hit the market for $98 million, making it one of the priciest condos in New York. 

 

Messi, LeBron, Federer and the other athletes who top our annual ranking of the highest-paid sports stars, a group hauling in record deals and finding new ways to monetize fame.


Inside the world’s greatest private collection of jewelry—and Sheikh Al-Thani's plan to auction it off in the sale of the century.

A half-billion dollars seemed like a lot for Michael Dell to pay for a struggling Boca Raton resort club. Turns out, he paid closer to $1 billion for the place.

New York's Four Seasons restaurant has closed calling time on 60 years of power lunches and networking at one of the city's most famed dining spots. 

Betsy DeVos' salary from her day job as the Secretary of Education is a fraction of the $45 million she earned last year, much of it from Amway, the multi-level marketing giant that her father-in-law cofounded.
 

Forbes’ Dark Capital looks at the intersection of wealth, power and crime: This week we feature the story of Cullen Davis, the Texas oil magnate accused of shooting his wife’s lover and stepdaughter.


Brexit has weighed heavily on London's housing market but the city's most expensive homes are being snapped up fast.

Forbes on Marketing

Our CMO newsletter brings expert CMO guests with the latest news about marketing leadership and brand strategy to help you make sense of movements in the marketing industry — and the leaders who shape them.
The Outlandish Story Of Ollie’s: A $5 Billion Retail Empire That Sells Nothing Online (But Is Beating Amazon)
Ollie’s is very possibly the only company in America whose brick-and-mortar stores are not just surviving but thriving. The CEO, chairman, president and cofounder of Ollie’s is Mark Butler, who focuses exclusively on traditional retailing, selling not a thing online. Read that again: nothing sold online. Nonetheless, Ollie’s sales have doubled in four years. It moves more than $1 billion a year of low-priced goods from its large (30,000 square feet or so), no-frills stores like the one in Sterling. Profits are at a high, nearly $130 million. 
 
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