A Hong Kong-based company is offering memberships in what is billed as the world’s most expensive private club for $15.2 million apiece.
Only 100 Charter Corporate Platinum Memberships in the Richman’s IMC (International Millionaire’s Club) will be available worldwide, good for 30 years.
The club, to be known as Richmans IMC (for International Millionaire’s Club), is in effect an all-access, first-class VIP pass to RS Managements properties and…
… affiliates including megayachts, yacht clubs, jockey clubs, country clubs, golf courses, ski resorts, gentlemans clubs, supper clubs, luxury hotels and restaurants around the globe, eliminating the need for multiple memberships.
Richmanâ€™s General Managers contend that â€œto enjoy full membership and VIP privileges at all of these Yachts, Racecourses, private clubs etc. would really cost a fortune. Much, much more than what the highest grade of a Richmanâ€™s Club membership costsâ€.
Membership at Richmanâ€™s range from US$15.2 million for the Charter Corporate Platinum Membership which is fully saleable, valid for 30 years and limited to just 100 globally to just US$250,000 for the Individual Silver Membership which is non-transferable and renewable annually.
There are several other corporate and individual memberships priced in between these two levels.
At these prices, Richmanâ€™s could very easily be the Worldâ€™s Most Expensive Private Club thatâ€™s affordable only by large international corporations, Royalty and the very, very wealthy.
Is the cost justified? A spokesperson for Richmanâ€™s General Managers said, â€œExclusive Private Clubs have been where the real deals have always been done.
Yacht Clubs, Jockey Clubs, Race Horse ownership and Horse Racing (the sport of Kings), have always been and continues to be where the truly wealthy meet and get the real, deals done.
With the increasing uncertainty of doing business with unknown counter-parties, many business experts predict the return of the age old tradition of preferring to do business with the inner circle of known persons (and companies) – like your own club membersâ€.
â€œJust imagine how many local and international clubs you would have to join; and how much it would cost in time, effort and expense to enjoy all the following benefits: -
Exclusive privileges for member and guests to enjoy fine dining on all-organic foods, therapeutic massage, the companionship of beautiful hostessesâ€¦etc. at any time on board some of the worldâ€™s most luxurious custom yachts stationed on international waters just outside major emerging market cities;
Exclusive access to real inside information through regular opportunity to meet and network with the worldâ€™s real insiders i.e. royalty, influential government officials, corporate chiefs, scientists and successful businessmen;
The exclusive right to own and race horses in China â€“ the worldâ€™s most profitable market for horse racing, and the prestige of winning championship awards and the chance to win millions of dollars in cash prizes every week;
VIP status welcome and member privileges at some of the worldâ€™s best golf clubs, ski resorts, country clubs, hunting clubs and city clubs;
Confidential Concierge and Problem Resolution Services that include 24 hours on-board and international out-call medical emergency assistance, global executive travel assistance, personal bodyguards, travel guides and personal companions worldwide;
VIP treatment at some of the worldâ€™s top hotels, resorts, restaurants, gentlemenâ€™s clubs and gentleman’s outfitters;
The ability to charge expenses to just one global, unique biometrics-protected, exclusive club card, embedded with a dynamically adjusted global credit line of up to US$1,000,000â€.
The Wealthy are smart too: â€œWhile on the surface our memberships may appear expensive in absolute terms. But remember the wealthy are smart too. They look at relative values not just at absolute prices. Relative to the benefits our members enjoy, the price of membership is not at all expensive. In fact, we know that even if a much larger sum was spent today, it is doubt if similar benefits would be available from any other single club in the worldâ€.
Some additional benefits Richmanâ€™s members enjoy is a Global Concierge & Problem Resolution service which includes 24 hours emergency medical assistance and pre-approved global credit lines of up to US$1,000,000 per membership.
Why launch in these bad times? When asked why the Richmanâ€™s club was being launched in such adverse economic times, a spokesperson explained that â€œthe current economic climate is in fact an ideal time to purchase the various club assets like Yachts etc. for our members use.
We are saving as much as 40% compared to a year ago. This also means we can offer better quality assets in our clubs. Because of this, we expect that once our membership is closed and the economy improves …as it inevitably will…secondary market prices for our membership will be much higher. Those who bought earlier should profit if they decide to sell.
According to RS Management â€œWe have not as set a date to open applications for general membership.
The only class of memberships currently being privately placed, to a selected number of corporations worldwide, are the 100 Charter Corporate Platinum Membershipsâ€