>>15177425 (lb)
R360 Club: Owls, Black Cubes, Y, $$$, Gold, Branson's Island, Rich Women, Cyber, Air Ambulances
"Millionaires-only R360 club filters out ‘wrong people’ to stay ultra-exclusive"
Sometimes, even being rich isn’t enough to buy you what you want.
“Letting in the wrong people is the type of thing that will bring down a community,” said Charles Garcia, co-founder of R360, a new social and investing club for millionaires that makes Soho House look as easy to join as theBoy Scouts.[https://www.sohohouse.com/en-us/]
The year-old private group is aimed at anyone with assets of at least $100 million; the sign-up fee alone costs $180,000 (although that does include three years’ worth of membership). But good luck getting accepted. [$18…=6+6+6 →666]
While there are plenty of people who qualify on paper — more than 20,000 families in America have wealth of that level — prospectiveBond villainsneed not apply; only those with clean cash and a sense of higher purpose will squeak past the approval committee.
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Member Pearl Baker Katz [name COMMS?] said it’s a relief to be among people who understand the peculiarities of being rich.
“I can have a conversation about exactly how much money I have, which you can’t have with most people out in the world. It’s a community,” said the 57-year-old, who winters with her husband, Marcus, on Fisher Island in Miami Beach, and summers in San Diego. Her fortune derives from the student loan business she founded by borrowing a million bucks from her then-boyfriend, which she parlayed into a company worth $144 million when she sold it in 2009. That was enough for her to retire at just 44.
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Co-founder Garcia said that wealthy straight women in particular still often struggle with a stigma around being the breadwinner. “We have several situations where [the woman making more money] led to a divorce,” he noted. Then, “when women are divorced and have a lot of wealth, all they’re looking for is a really nice person to share their life with, but they have a lot of trouble as men get very intimidated.”
In fact, it’s such a topic of discussion that Garcia is mulling a “thoughtful program around it” for 2022 as part of R360’s official remit.
[follow the wives?]
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Garcia, who is himself married to wife Christina, 50, with whom he has four kids, is a formerUS intelligence officerwho ended up filthy rich after switching careers to wealth management and selling his company, Sterling Financial, in the late 1990s.
He ginned up the idea for R360 while studying on the venture incubation program atHarvard.
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The name R360 is a nod to its higher calling, too — it stands forRaziel, the all-knowing angel from Jewish mysticism.
“He stands at theright hand of God,writing everything in theBook of Secrets,the everyday choices you make that lead you to the light or the darkness,” Garcia said.
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Baker Katz is one of those founders. “It’s a safe space I can go to, and get help on anything I need in life, because we’re mentoring each other,” she said, noting that it was R360 connections that have helped her finesse plans for Deerhaven Gardens, thewomen’s rehab treatment facilityshe’s opening in North Carolina in January, having converting one of her luxury homes expressly for the purpose.
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“For me, it’s like having my own board of directors for my life,” she said, noting one of the membership bonuses was a trip toRichard Branson’s Necker Island.(“Every year, we do something with [Branson],” Garcia said.)
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As a welcome gift, R360 will arrange for a ghostwriter to document a new member’s life in a 200-page hardcover book. There’s cyber insurance overseen by theFBI’s former cyber head:Hit apanic buttonon your phone and you’ll get a response within 15-20 seconds anywhere in the world. [COMMS?]
Break your back scuba diving in Bora Bora and the problem’s too complex for local doctors? Global Guardian, a 24/7 worldwide security firm, has more than 50 air ambulances at members’ disposal. [child trafficking? fly to NZ bunker?]
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https://nypost.com/2021/12/11/millionaires-only-r360-club-filters-out-the-wrong-people/