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The Red Bull Billionaire Behind Wentworth’s 733 Percent Golf Price Hike
It now costs almost $200,000 to join one of England’s most famous clubs.
The billionaire owner of one of the U.K.'s most prestigious golf clubs is charging a rich price for membership. On Tuesday, members were informed annual rates would double and cost of joining would rise to £125,000 ($192,000) from £15,000. That's a 733 percent increase. Existing members were asked to pay a one-time fee of £100,000.
It's a steep price, one that makes Wentworth Club, in Surrey, England, one of the most expensive rounds of golf in the world. And it's a long way from owner Chanchai Ruayrungruang's humble beginnings.