5 details about Executive Branch, DC's new private club for young, MAGA-minded millionaires
That's how David Sacks, President Donald Trump 's crypto and AI czar, described Executive Branch on the latest episode of the All-In podcast. The most exclusive membership costs a small fortune, and Trump's orbit is full of people who can pay the price.
Interest in private clubs is soaring across the country, including in DC. Ned's Club, a separate members-only space, opened just steps from the White House earlier this year.
Here are five key details about Executive Branch, which is billing itself as MAGA's hottest new hangout.
Membership can cost half a million dollars
Founding members have to shell out $500,000 to join the invite-only club. Sacks said on All-In that there are around 10 founding members, including himself and billionaire investor Chamath Palihapitiya. They have "additional benefits," Sacks said, though he didn't specify what their special perks include.
According to the club's website, the waiting list for new members is closed.
Owners include the sons of Trump World
Sacks said on the podcast that his government work means he can't be an owner, but Politico reported that Donald Trump Jr., megadonor Omeed Malik, investor Chris Buskirk, and Zach and Alex Witkoff are the owners. Sacks congratulated the owners in a post on X, which each of them, except Trump Jr., reposted.
Malik and Buskirk cofounded 1789 Capital, an anti-ESG VC firm that has invested in Tucker Carlson's new conservative media project. Trump Jr. is a partner at the firm.
The Witkoff brothers are the sons of Steve Witkoff, Trump's Middle East envoy and a real-estate developer. The elder Witkoff has known the president for decades.
Palihapitiya responded to a request for comment from Business Insider with a poop emoji.
The other reported cofounders and owners didn't respond at all.
An alternative to the 'old and stuffy' DC
Executive Branch promises to remake the DC social scene in Trump's image, Sacks said.
"The clubs that exist in Washington today have been around for decades. They're kind of old and stuffy," he said on All-In. "To the extent that there are Republican clubs, they tend to be more Bush-era Republicans as opposed to Trump-era Republicans. We wanted to create something new, hipper, and Trump-aligned."
He said the founders wanted to create a place where people could hang out without fear of bumping into lobbyists or "a fake news reporter."
The club will reportedly be in Georgetown
The club will be based in the upscale neighborhood of Georgetown, Politico and other news outlets reported. Sacks didn't share any location details on All-In.
Lower-cost options are available
While founding members pay a staggering half-a-million dollars to join Executive Branch, other invitees can dole out a smaller sum, Sacks said on All-In.
"I think people are getting a little bit carried away with that number," he said of the $500,000 price tag. Sacks didn't specify how much lower-tier membership costs.
Regular membership at Ned's Club costs $5,000 a year, on top of a $5,000 joining fee, BI reported in April. The Founders' membership there comes in at $25,000 a year, with a $125,000 initial fee.
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The official added that the deal includes the elimination of non-tariff barriers that Trump's team say hinders American companies, including in areas like pre-shipment inspection requirements, motor vehicle safety standards, and restrictions around US medical devices and pharmaceuticals. The exact definition of how Trump defines transshipped goods has been a matter of some debate in recent weeks. The deal with Indonesia includes goods not just re-labeled but made with a significant portion of components from a third country and then assembled in Indonesia. It's a provision also included in a recent deal with Vietnam and is clearly aimed at China. Indonesian negotiators previously confirmed that a deal had been struck but not all details, with the country president's spokesperson telling Reuters the negotiations had been 'an extraordinary struggle.' 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15 minutes ago
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- Business Wire
SouthEast Computer Recyclers Announces IT Asset Buyback Program to Encourage Corporate Sustainability and Maximize Recovery Values
ALPHARETTA, Ga.--(BUSINESS WIRE)--SouthEast Computer Recyclers (SECR), a certified B2B leader in electronics recycling and data security, recently announced its IT asset buyback program. The program helps businesses and organizations reach their environmental goals and unlock hidden value from retired, surplus, or obsolete equipment. Our IT asset buyback program represents more than just a financial transaction with the businesses we serve. It's a strategic partnership that reimagines what was once viewed as disposal costs, transforming them into revenue opportunities... Share The initiative is targeted toward organizations seeking sustainable and secure ways to manage end-of-life IT assets. SECR utilizes a four-pillared process that prioritizes protection, recovery, sustainability, and responsible management of IT equipment to reduce environmental waste and support the increased demand for ESG-driven practices. 'Our IT asset buyback program represents more than just a financial transaction with the businesses we serve. It's a strategic partnership that reimagines what was once viewed as disposal costs, transforming them into revenue opportunities while advancing the circular economy,' said Todd Smith, VP of Business Development for SouthEast Computer Recyclers. 'With over 20 years of experience and our R2v3 and triple ISO certifications, we've helped organizations across the Southeast and globally recover millions in asset value while ensuring their retired IT equipment continues to serve a purpose rather than contributing to landfills. This approach perfectly aligns with today's corporate sustainability goals, proving that responsible business practices and profitability can go hand in hand.' SECR's IT buyback program ensures that all devices are processed according to the highest standards of data security, environmental and regulatory compliance, and safety. The Alpharetta, Georgia-based company has proven to be a reliable partner for entities across several industries, including IT, Healthcare, Insurance, Education, Hospitality, and other high-level organizations seeking to maximize asset values while utilizing collection, audit, and reporting services tailored to their specific inventory and operational needs. As an ally in responsible asset management, SECR guarantees full chain-of-custody documentation and secure data destruction services, giving clients confidence that sensitive information is fully protected. To learn more about SECR's IT asset buyback program or to schedule a consultation, visit About SouthEast Computer Recyclers Southeast Computer Recyclers (SECR) is a certified IT Asset Disposition (ITAD) and electronics recycling services provider for businesses across several industries. SECR has amassed two decades of experience in helping companies protect sensitive data, recover value from retired IT equipment, and meet environmental compliance standards. SECR's end-to-end solutions include secure data wiping, certified onsite shredding, asset recovery, and sustainable e-waste processing.
