The Yellowstone Club, a remote patch of Montana wilderness, has fewer than 900 homeowners who are worth a combined $290 billion. Tech entrepreneur and Shark Tank cohost Robert Herjavec is one of the club’s 885 members and has spent $28 million on a dream house within the club. The club offers world-class skiing, golfing, fly fishing, and horseback riding, and is known for its exclusivity and luxurious amenities.
Membership at the Yellowstone Club is highly exclusive, with applicants needing gold-plated references and a detailed background check. Membership is capped at 914 to prevent overcrowding, and requires buying land, a home, or a condo. The cost to join is steep, with the least expensive undeveloped plot starting at $10 million. Famous members include Justin Timberlake, Tom Brady, and Mark Zuckerberg, many of whom try to keep their ownership private by owning the property through LLCs.
The club was the brainchild of former billionaire Tim Blixseth, who bought the land in 1991 and opened the club in 1999. After financial difficulties and bankruptcy in 2008, the club was bought out of bankruptcy by Boston-based real estate investment firm CrossHarbor Capital and individual members in 2009. They have invested over $1 billion into the club and have plans for further development.
Forbes Magazine has compiled a list of some of the high-profile members of the Yellowstone Club, including billionaires like Bill Ackman, Tom Brady, and Melinda French Gates. These members enjoy the privacy and luxury of the club, with many choosing to make the club their full-time residence. The club also hosts events like Eric Schmidt’s annual conference and is a popular destination for celebrities looking for a lower profile life.
The Yellowstone Club continues to attract ultra-wealthy individuals who are drawn to its exclusivity, luxurious amenities, and stunning natural surroundings. With a limited membership and high entry costs, the club remains a sought-after destination for those looking for a unique and extravagant mountain retreat. The club’s future looks bright, with ongoing investments and plans for further development to enhance the member experience.
