[fullshark]

They are selling the name, and the connections (you will become friends with the child of a billionaire / high status individual, possibly a student who is a high status individual themselves already).

These will be immensely valuable forever as long as they keep the club largely exclusive. Everything else is just noise.

[trident5000]

I suppose. I have old friends who are pretty up there. One of them (a very best friend and childhood friend) in a family that’s very wealthy. Think Waltons.

Never once did I lever this relationship or any others I have. I think the network thing is overrated. Wealthy and connected people mostly want to be left alone and very rarely do favors for people not independently at their level.

Also I’m trying to think how many close friends I kept from college or even in contact with. I think maybe 5 and none of them were well off or connected.

But yes, that is part of what is sold as well. Or at least the idea of it. There’s no question about that.