TechFlow news, October 28 — According to CNBC, the private membership club "Executive Branch," co-founded by Donald Trump Jr., has recently launched in Washington, D.C., with a membership fee as high as $500,000 and already has a waiting list.
The club was established by Trump's eldest son, along with Omeed Malik and Christopher Buskirk of 1789 Capital, and the sons of real estate magnate Steve Witkoff. Founding members include the White House cryptocurrency chief David Sacks, the Winklevoss twins, and tech investor Chamath Palihapitiya.
The club will open next month in Georgetown and will charge an annual fee (amount undisclosed) in addition to the initiation fee. Membership is subject to strict screening, requiring referrals and approval from the founders.
Last Saturday's launch party attracted several high-ranking government officials, including Secretary of State Marco Rubio and SEC Chairman Paul Atkins, as well as multiple CEOs and founders of technology companies.
Analysts believe "Executive Branch" could play a role in Washington's political and business circles similar to that of the Trump International Hotel during Trump's first term, serving as a gathering place for government officials, congressional leaders, foreign diplomats, and business leaders.
