Economy04:31 · 54m ago

Old Money Dominates Miami’s Elite Indian Creek Country Club Amidst Billionaire Rivalries

YnetCenter
Translated & summarized from Ynet by baba
The story · English

The Indian Creek Country Club in Miami, an exclusive enclave home to billionaires like Jeff Bezos, Mark Zuckerberg, Jared Kushner, and Ivanka Trump, has become a subtle battleground between established wealth and new money. Membership requires sponsorship by two current members, five recommendation letters, and approval by a 15-person board. Despite purchasing multiple properties totaling approximately $234 million, Bezos has not yet been granted membership six months after attending a club event. Similarly, Kushner and Ivanka Trump, who own a renovated estate on the island, remain excluded despite their social involvement. Zuckerberg, who paid $170 million for a mansion, is also not a member. In contrast, Goldman Sachs CEO David Solomon was accepted despite opposition, and other notable figures like Jersey Mike’s founder and NFL legend Tom Brady joined without difficulty. The club’s exclusivity hinges not on wealth but on social approval.

In related economic news, Israel’s District Court approved a $10 million settlement from Apple for slowing down iPhones without user consent between 2017 and 2018, allowing eligible customers to claim up to 1,890 shekels per device. Claims can be submitted online until December 16, 2026. Meanwhile, the Israeli Ministry of Economy has allocated quotas to import 880 tons of yellow cheese duty-free, enabling sales at roughly half the current price across 540 outlets nationwide, including small neighborhood stores. Carrefour and Euro Dairies won the tender to distribute the cheese at discounted prices.

Additionally, the Israeli falafel chain Ta’im in New York City closed due to $1.35 million in tax debts, sparking misleading claims by BDS activists despite the closure stemming from a business dispute between previous and current owners. Ta’im once operated 14 locations with $18.7 million in sales in 2025 but faced criticism for losing its original character after expanding nationally.

Finally, Sephora Collection products launched in Israel through a temporary partnership with local retailer Glam 42, opening stores in major malls including Azrieli Tel Aviv and Ayalon Mall. While the initiative is a pilot rather than a full Sephora store opening, success could lead to a full Sephora presence in Israel within two years under LVMH’s ownership.

Read the original at Ynet
Open the live terminal