A new private membership club in Washington, D.C., co-founded by Donald Trump Jr., is charging a $500,000 membership fee — and there’s already a waiting list.
The club, called Executive Branch, held a launch party on Saturday night that included at least a half dozen members of President Donald Trump’s administration as well as wealthy CEOs, tech founders and policy experts, according to people familiar with the club who declined to be named speaking about it publicly.
Executive Branch was founded by Donald Trump Jr., along with Omeed Malik and Christopher Buskirk of 1789 Capital, the investment firm that made Trump Jr. a partner last year. Other founders include Alex Witkoff and Zach Witkoff, the sons of billionaire real estate developer Steve Witkoff, a longtime friend of the President’s and the current Middle East envoy.
Founding members include White House crypto czar David Sacks, crypto investors Tyler and Cameron Winklevoss and tech investor Chamath Palihapitiya, the people familiar told CNBC.
In addition to the $500,000 membership fee, the club will charge annual dues, which have yet to be disclosed.
Executive Branch will open sometime in the next month or so at a location in the Georgetown neighborhood of Washington, D.C., those people said.