[jedberg]

Their magic recipe is putting a bunch of smart, mostly rich, people in one place and then telling them they are part of an exclusive community. Then they give them access to the older successful members of the community and constantly remind them that once they are the older successful members they need to help out the recent grads.

[Andrew_nenakhov]

Sounds a lot like Freemasonry, but unlike Feemasonry, it seems to be actually working as intended.

[bsanr2]

You could also use the formula, "rich, mostly smart".