A new private membership club in Washington, DC, co-established by Donald Trump Junior, is charging a membership fee of $ 500,000-and already a waiting list.
The club, called the Executive Branch, held a launch party on Saturday night, which included at least half a dozen members of President Donald Trump’s administration as well as rich CEOs, tech founders and policy experts, according to the club familiar, who publicly refused to speak about it.
The Executive Branch was established by Donald Trump Junior, along with the 1789 capital Ombed Malik and Christopher Buskyk, the investment firm that made Trump Junior a partner last year. Other founders include Alex Witchoff and Zach Vitcoof, billionaire real estate developer Steve Witcoff, a long -time friend of the President and the current Middle East messenger’s Sons.
Among the founding members, White House Crypto Caesar David Sachs, Crypto Investor Tyler and Cameron Winklevos and Tech Investor Chamath Palihapitia, familiar people told CNBC.
In addition to the $ 500,000 membership fee, the club will charge an annual outstanding, which has not yet been disclosed.
The executive branch will open for some time in the next month or at one place in the Georgetown neighborhood of Washington, DC, they said.
The Executive Branch is the latest in a wave of private membership clubs that have been opened in cities such as New York, Miami and Los Angeles since the Kovid epidemic. Clubs offer special restaurants and bars, as well as with meeting locations, gym and spa and usually with membership fees approximately $ 4,000 to $ 10,000. For example, like Aman Club in New York, some go as high as $ 200,000.
More than doubled the cost of Aman Club, the most expensive membership clubs in the US and unlike popular membership clubs in New York, will have a selected and small membership in an executive branch such as Zero Bonds, Core Club, ZZ or Casa Sipriyani, which will be a selected and small membership according to the club.
Inner sources in Washington say that the executive branch Washington may play a similar role in the socio-political circuit as Trump International Hotel Washington DC was played during the first trump administration of Trump International Hotel at Washington DC. The Trump became a popular hangout for hotel administration officials and Republican Congress leaders as well as foreign dignitaries, lobists and business leaders.
The hotel, however, also became a magnet for criticism related to morality, and the Trump organization sold the hotel lease in 2022.
On Saturday’s launch party event for the Executive Branch, State Secretary Marco Rubio, SEC President Paul Atkins, Attorney General Palm Bandi, FTC President Andrew Ferguson, FCC President Brendon Car, Director of National Intelligence Tulsi Gabbard, Dan Bongino and Medicare and Medicine and Medicine and Medicine. Are included.
Apart from this, many technical founders and CEOs were included, including Applovin CEO Adam Forgi, people said.
According to people close to the executive branch, potential members of the club should be heavy and approved by their founders. Although some potential members have offered to pay $ 1 million to join, membership requires a referral and close screening.
A person close to the club said, “We do not want media members or a lot of lobists are to join.” “We want people to feel comfortable to interact in privacy.”
