Members Wentworth Club, in Surrey, one of the U.K.'s most
prestigious golf clubs were informed annual rates would double and cost of
joining would rise to £125,000 from £15,000. That's a 733 percent increase.
Existing members were asked to pay a one-time fee of £100,000.It is owned by Chanchai
Ruayrungruang (also known by his Chinese name, Yan Bin) through his closely
held Beijing-based conglomerate, Reignwood Group. He's the 2nd-richest person
in Thailand, and the world's 153rd-richest, worth $7.9 billion according to the
Bloomberg Billionaires Index. Reignwood is best known in China for distributing
the energy drink Red Bull, though it's also involved in energy, property and
financial leasing, among other industries. Reignwood bought Wentworth in
September 2014 for £135 million.
He also owns the exclusive Reignwood Pine Valley Golf club
in the countryside outside Beijing, near the Great Wall. China's first
invitation-only golf club, its individual members pay a minimum of $250,000 to
join
1 comment:
jeesh.
Post a Comment