00:00From the fabulously rich to the fabulously famous,
00:03the remote patch of Montana wilderness
00:05known as the Yellowstone Club has fewer than 900 homeowners
00:09who are worth more than a combined $290 billion.
00:14Located about an hour's drive south of Bozeman, Montana
00:18and some 50 miles north of Yellowstone National Park,
00:21the club owns a private mountain and more skiable acres
00:25than Killington, Stowe, or any other resort
00:27on the East Coast.
00:30There's also golfing, fly fishing, horseback riding,
00:34a movie theater for kids, and a concert venue
00:37that has hosted acts including Sting,
00:40Norah Jones, and James Taylor.
00:43Perhaps the club's biggest draw is its exclusivity.
00:47Applicants need gold-plated references
00:49and must submit to a detailed background check.
00:52Membership, now at 885, is capped at 914
00:58to prevent overcrowding.
01:00Admission requires buying land, a home, or a condo.
01:04Even the least expensive undeveloped plot
01:06will set you back $10 million.
01:09Condos start at just under $7 million,
01:11but average $15.5 million.
01:15And homes cost $20 million or more.
01:18Plus, there's $78,000 in annual dues
01:22which cover unlimited skiing and golf
01:25for members and their immediate family,
01:27and 140 guest days.
01:30Almost as difficult as getting in
01:32is figuring out who else belongs.
01:34After combing Montana public records
01:36for more than 300 club properties
01:39and digging through other sources,
01:41Forbes found 19 billionaires, two children of billionaires,
01:45and a handful of A-listers.
01:49When Melinda and Bill Gates divorced in 2021,
01:52she got their now $40 million home.
01:55Also transferred from Bill, 18 acres of land
01:58spread out over four lots nearby.
02:02Ron Burgle is the founder and managing partner
02:05of Los Angeles investment firm, Yucaipa Companies,
02:07and chairman of private club firm, Soho House.
02:11Yucaipa paid $55 million for a roughly one-third stake
02:15in the Yellowstone Club in 2010,
02:17and then sold it in 2021 for about five times that sum.
02:22Eric Schmidt, the former Google CEO,
02:24hosts a small annual conference at the Yellowstone Club
02:26during the third weekend in July,
02:28billed as a gathering of the world's smartest
02:30and most interesting people.
02:32Attendees have included Lady Gaga,
02:35journalist, Ronan Farrow, and author, Adam Grant.
02:41Stuart Butterfield, the 51-year-old billionaire
02:43and founder of business messaging app, Slack,
02:46and his wife, Jen Rubio, founder of luggage brand, Away,
02:49bought their home in 2021,
02:51the same year Salesforce bought Slack
02:54for nearly $28 billion.
02:57The home is now worth around $38 million.
03:01Tom Brady, the former star NFL quarterback
03:05and ex-husband of supermodel, Giselle Munchen,
03:08looks to have gotten the couple's home
03:09at the Yellowstone Club as part of their 2022 divorce.
03:14Nick Woodman, the billionaire founder of GoPro,
03:17which makes wearable, sports-focused video cameras,
03:19bought a home at the Yellowstone Club in 2011
03:22and moved there full-time in 2018.
03:25He and his wife, Jill, spearheaded the creation
03:28of Big Sky's community and recreation center
03:31with a $4 million donation.
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