Did you ever hear of the 2-20 Club? The secret club for the super-rich has been now revealed to the public. It’s one of the world’s most exclusive and expensive clubs. You can imagine the club’s exclusiveness as the membership is capped at 20 and till the date, only 11 members have got the chance to be a part of the elite club.

What is 2-20 Club?

The 2-20 Club is an asset and contact sharing partnership for the prestigious and secretive hedge fund managers around the world, often known to the market as the ‘Masters of the Universe’. The name 2-20 comes from the standard fee arrangement in the hedge fund industry - 2 and 20. Managers make 2 percent of assets under their control while the 20 percent of profits after a predetermined benchmark.

Membership norms:

It’s not everyone’s cup-of-tea to get the membership as the norms are quite tough. The membership asks for £100,000 at the time of joining, followed by £1,000,000 per year just to retain your membership. Moreover, the membership is offered strictly by invitation. A new member must first be nominated by an existing member and then interviewed in the presence of the membership committee.

What does the 2-20 club offers?

With that kind of cash, the members can buy luxury yachts (two hundred-footers), helicopters (two), jets (four, including a Gulfstream G5), five star travel, a Bugatti Veyron, and an array of exotic autos. The members will have access to a range of privately owned properties in the most exotic locations and private islands in the world.

Moreover, a team of researchers, operations managers, logistic managers, transport managers, global operations managers, account managers, asset managers, and consultants is always there to take care of your each and every requirement.

Design of the membership card:

The membership card and the box are made form aerospace grade titanium, which is used for F-1 racing cars. The lid of the box is beautifully covered in Japanese urushi lacquer. The centre of membership tag features metal crafted form a de-commissioned space rocket.

Why was the elite club a secret till now?

It all happened when one potential inductee hosted a party on one of the club’s yachts and it went out of the control. The upshot was a six figure damage (estimated £650,000) that was not entertained by current members. The club decided to cancel his membership and he made up his mind to reveal the club to the general public. So, the club decided to break the story themselves.

It’s time for everyone out there to have a sneak peak into the lives of the wealthiest.

via DidntYouHear96842