Got $100m in your account? Come and join the R360 rich-people’s club

One perk of many wealth networks is access to deal flow. R360’s members can propose investment opportunities to the rest of the group, but each deal first goes to a four-person committee, which runs it through a process looking at 100 different factors, Garcia said. Then an outside firm, Conway Investment Research, conducts operational and financial due diligence. After that, the member proposing the deal can host a call.

Its members may be feeling the need for an oasis more acutely these days. The combined net worth of the world’s 500 richest people swelled by $1.8-trillion in 2020, according to the Bloomberg Billionaires index. The global wealth inequality worsened by the Covid-19 pandemic has talk of taxing the rich reaching a fever pitch. Memes of guillotines fly across Twitter and are stamped on forums across Reddit.

In July, about 30 members went on a four-day retreat on Richard Branson’s private Necker Island. There, Cole led a talk with Branson. Other speakers included Harvard professor David Sinclair, author of, and James Doty, a Stanford University School of Medicine neurosurgeon who founded the Center for Compassion and Altruism Research and Education at the school.

Members who want to show heirs where their wealth came from can work with R360’s full-time filmmaker to produce a movie-quality documentary about their life, as well as have a 150- to 200-page hardcover memoir written. “If you’re going to be a good steward of wealth, you need to figure out how to influence generations you’re never going to meet,” Garcia said.

Eleven members attended the women’s committee kickoff meeting, where they talked about the mental-health toll of Covid-19, navigating relationships with children in divorced families, and how to deal with earning more than your partner.

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