Details about DC's new private club catering to the 'younger, hipper, Trump-aligned Republican'
David Sacks said the club will replace older establishments and attract a new type of Republican.
Private clubs are popping up across the US, including in the nation's capitol.
There's a new private club in DC for the "younger, hipper, Trump-aligned Republican."
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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