Donald Trump Jr. With causes the chief business of the personal member Membership Membership

A new private member club in Washington, DC, which is co-founded by Donald Trump Jr., calculates a member fee of $ 500,000 and there is already a waiting list.

The club, Executive Branch, organized a launch party on Saturday evening, in which at least half a dozen members of the administration of President Donald Trump and wealthy CEOs, Tech founders and political experts, according to the people who refused to refuse to speak publicly.

Executive industry was founded by Donald Trump Jr. together with Omed Malik and Christopher Buskirk from 1789 Capital, the investment company that Trump made Jr. last year. Other founders are Alex Witkoff and Zach Witkoff, the sons of the billionaire real estate developer Steve Witkoff, a long -time friend of the President and the current envoy of the Middle East.

The founding members include Krypto -Zar David Sacks of the White House, the crypto investors Tyler and Cameron Winklevoss and the Tech investor Chamath Palihapitiya, the well -known people to CNBC.

In addition to the member fee of 500,000 US dollars, the club will calculate annual fees that have not yet been announced.

The executive industry will open at a place in Georgetown in Washington, DC, at some point next month, these people said.

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Executive branch is the youngest in a wave of private member clubs that have been opened in cities such as New York, Miami and Los Angeles since Covid pandemic. The clubs offer exclusive restaurants and bars as well as meeting rooms, gyms and spas and are usually member fees of around 4,000 to 10,000 US dollars. For example, some, like the Aman Club in New York, costs up to 200,000 US dollars.

The executive industry will be far and away from one of the most expensive membership clubs in the United States at more than twice as high as the costs of the Aman Club and, in contrast to the popular membership clubs in New York such as Zero Bond, Core Club, ZZ or Casa Cipriani, the Executive industry is likely to have a selected and minor membership, which is familiar with the club.

According to insiders in Washington, Executive Branch could play a similar role in the Washington Social Political Circuit, as the Trump International Hotel in Washington DC played during the first Trump government. The Trump Hotel became a popular hangout for administrative officers and Republican congress leaders as well as foreign dignitaries, lobbyists and managing directors.

However, the hotel also became a magnet for criticism in connection with ethics, and the Trump organization sold the rental agreement of the hotel in 2022.

SaturDay's launch party for executive Branch including the Secretary of State Marco Rubio, SEC Chairman Paul Atkins, Attorney General Pam Bondi, FTC Chairman Andrew Ferguson, FCC Chairman Brendan Carr, Director of National Intelligence Tulsi Gabbard, Deputy FBI Director Dan Bongino and Mehmet Oz, Administrator of the Centers for Medicare and Medicaid Services, According to People Who Attended.

Several technical founders and CEOs also visited, including participation Applovine CEO Adam Foroughi, people said.

According to the executive industry, potential members of the club must be severely checked and approved by its founders. Although some potential members have offered to pay 1 million US dollars for accession, membership requires a transfer and a closing demonstration.

“We do not want members of the media or only many lobbyists who join,” said one person near the club. “We want people to feel comfortable to have talks about privacy.”