Trump-aligned club for ultra-wealthy to open in Washington, membership exceeds $500K
Photo: US President Donald Trump (Getty Images)
A private club for ultra-wealthy supporters of US President Donald Trump will open in Washington, DC. Membership will cost over half a million dollars, and demand already exceeds the number of available spots, reports Politico.
Donald Trump Jr., megadonor Omeed Malik, and several other investors are opening a new private club in Washington. It will accept guests only by invitation.
Membership will cost over half a million dollars.
The club, named Executive Branch, is a joint venture between Malik, Trump Jr., and their partners from the conservative fund 1789 Capital. It will be located in the Georgetown area.
The goal of the club is to create the most exclusive private venue in the US capital. It will cater to business leaders and tech magnates seeking to maintain close ties with the Trump administration.
High recommendation requirements and the significant membership fee are intended to ensure that only select executives gain access. They will be able to communicate with Trump's advisors and cabinet members without the presence of the press or outsiders.
According to sources, membership prices will not be an obstacle for the Trump administration, which is considered the wealthiest in US history.
It is worth noting that a waiting list has already formed for the club.
An official announcement about the club's opening will be made on Saturday evening at a party at the Willard Hotel, hosted by Malik, David Sacks, and Trump Jr.
Sources told the publication that the club's owners are:
- Malik, a Trump donor and 1789 Capital founder;
- His business partner, Chris Buskirk;
- Trump Jr.;
- Zach and Alex Witkoff, the sons of Trump's envoy Steve Witkoff.
This month, US President Donald Trump’s wealth has decreased by $500 million due to tariffs he introduced, which triggered a decline in global markets.
The American leader’s net worth dropped from $4.7 billion to $4.2 billion in one week.
