AI and crypto czar David Sacks is reportedly one of the founding members of Donald Trump Jr’s new private club, the Executive Branch. The club’s membership fee is estimated to be around $500,000.
According to a recent report by Politico, Donald Trump Jr. is launching an exclusive club along with his business partners at the 1789 Capital fund, such as megadonor Omeed Malik and Chris Buskirk. Other owners include Alex and Zach Witkoff, sons of Steve Witkoff, Donald Trump’s diplomatic envoy.
So far, other known founding members include AI and crypto czar David Sacks, Canadian-American venture capitalist Chamath Palihapitiya, along with Gemini founders, Cameron and Tyler Winklevoss.
With a membership fee of $500,000, the Executive Branch will become the second private club managed by a member of the Trump family after Mar-A-Lago, which recently raised their membership fee to $1 million.
The club is going to be hosted in a building located in Georgetown, Washington D.C, which will be open next month. A launch party in honor of the club will reportedly take place on Saturday, Mei 3, 2025.
Sources say that the goal of its founders is to create the highest-end invite-only club in Washington, providing a “save space for people to have private conversations with people from the Trump administration.”
Despite the membership fee, there is already a waitlist for people who want to join the club. People who are interested in becoming a member of the Executive Branch would not only need to pay the $500,000 fee, they would also need to be personally approved by the owners of the club by obtaining a trusted referral.
Last month, crypto czar David Sacks claimed he had sold all his crypto holdings prior to stepping into his Trump-appointed role. He previously invested in major tokens such as Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA).
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