Embarking on the journey to the first $1 million is often considered the toughest, as per an age-old investment saying. However, navigating the challenges of $100 million introduces its own set of complexities. Enter R360, a distinctive group dedicated to aiding ultrahigh-net-worth individuals and their families in realizing their fullest potential.
Picture this: a vibrant community of friends, families, advisors, and confidants converging regularly to exchange personal and professional insights while delving into shared interests like aviation, wellness, and travel. The group’s website is a visual feast, showcasing joyous, well-heeled individuals soaring in hot-air balloons and mingling at cocktail parties.
‘Make a significant impact on this world’
A member’s endorsement encapsulates the essence: “If you want to be around some of the most incredible individuals, those who want to make a significant impact on this world while having a lot of fun, I encourage you to join R360.”
Founded in 2020 by Florida veteran-turned-businessman Charlie Garcia, R360 started with 50 founding members and has now surpassed 100, including 17 in the Texas chapter established in 2022. To join this exclusive club, individuals must boast at least $100 million in assets, provide references, and undergo a thorough evaluation comprising an hourlong interview, behavioral assessment, and background check.
‘Wealth is more than money’
“We attract people that want to be intentional,” Cole said. “Our goal ultimately is to curate 1,000 people cross the planet — 500 in the United States, 500 internationally — that believe wealth is more than money, that want to make a positive impact on their family and a positive impact on society.”
Despite a global pool of over 28,000 “centi-millionaires” and nearly 11,000 in the U.S., R360 opts for a more intimate membership size. Michael Cole, R360 managing partner and head of its Texas chapter, emphasizes the importance of shared values. The goal is to curate a community of 1,000 individuals worldwide — 500 in the United States and 500 internationally — who view wealth as more than monetary and strive for positive impacts on both their families and society.
6 forms of capital
R360 introduces a unique perspective by positing six forms of capital: financial, intellectual, social, human, emotional, and spiritual. Members deliberate on each at daylong meetings held five times a year in diverse locations. The group considers wealth not just as money but as a multifaceted asset that can contribute to various aspects of life.
Beyond wealth, R360 recognizes the importance of legacy. In addition to candid conversations, members have the opportunity to collaborate with filmmakers on personal documentaries, offering a private autobiographical narrative for future generations.
Most R360 members are entrepreneurs, often “first-generation” high-net-worth individuals who achieved financial success as a byproduct of their business prowess. For these individuals, transitioning from wealth consumer to wealth steward requires careful consideration of the impact they wish to make.
Success, as Michael Cole articulates, is not solely determined by financial wealth. R360 emphasizes the contextual richness of wealth, recognizing that focusing solely on financial wealth often leads to failure. The group’s approach aligns with the notion that success encompasses more than just monetary achievements; it necessitates a broader understanding of the impact and context of wealth.
“People that have created this level of wealth can be very isolated, and so it’s hard for them to be completely open,” Cole said. “I consider it a successful (R360) meeting when somebody ends up in tears.”
For these successful individuals, navigating the challenges unique to their circumstances can be isolating. R360 seeks to provide a supportive environment where members can openly share their experiences, even if it leads to a meeting ending in tears — a testament to the depth of connection fostered by the group.
