Indy Scene

The Billionaire’s Playground

Indy fills readers in on the ‘figures of finance’

Money makes the Hamptons go around. From real estate to charitable fundraising to the exclusive social and golfing clubs with one-page websites, the Hamptons requires a healthy bank balance to make it through the summer season. Who, where, and what the figures of finance are and can be found is the subject of this week’s IndyScene. Enjoy.

The Players and their Causes

Michael Milken and the Prostate Cancer Foundation

Independent/Patrick McMullan

As the capstone of the Charles Evans Pro-Am Tennis Tournament, the Prostate Cancer Foundation Hamptons Gala occurs each August, bringing together the great and the good to raise funds for financier Michael Milken’s charity, which aims to apply the logic of investment to a strategy of finding cures for prostate cancer.

John Paulson and the Southampton Hospital Foundation

John is the Paulson & Co. founder whom, with his wife, Jenny, has extensively fundraised for the Southampton Hospital and in particular The Jenny and John Paulson Emergency Department, providing the largest single donation in the hospital’s history.

Ronald O. Perelman and the Apollo Theater

Independent/Patrick McMullan

Fundraising for the arts is led by Ronald O. Perelman’s The Apollo in the Hamptons event, a one-night event bringing together, for a small private audience making substantial contributions to the Apollo Theater, a concert by some of music’s leading stars.

Leslie Alexander and the Wildlife Rescue Center of the Hamptons

Independent/Rob Rich/

Named for his mother, The Evelyn Alexander Wildlife Rescue Center of the Hamptons “Get Wild!” event this year included Secretary of Commerce Wilbur Ross Jr. Originally a bond trader, Leslie Alexander was, until recently, the owner of the Houston Rockets NBA team.

The Exclusive Clubs

Southampton Bathing Corporation

Enjoying the reputation of being possibly the most exclusive social club to join on the East Coast since its foundation in 1923, members of the Bathing Corporation of Southampton enjoy access to the beach and swimming pool. Notable members include Muffie Potter Aston and Anne Hearst.

The Amagansett Devon Yacht Club

Founded in 1908 and enjoying its 110th anniversary, the Devon Yacht Club is highly discreet, located at the end of Abrahams Landing Road on Gardiner’s Bay. With a beach club and marina, the club is known for its annual Fourth of July fireworks celebrations.

The Meadow Club

Behind its immaculate battlements comprised of hedgerows lie the tennis fields and social club founded in 1888. However, one of the nuances of this exclusive club is that you can only apply to become a member if you live in Southampton.

The Maidstone Club

Perhaps the inspiration behind his famous phrase “I refuse to join any club that would have me as a member,” Groucho Marx was able to play at the Golf Club at the Maidstone as a member guest, but turned down as a potential member. Also, contrary to popular belief, the movie Caddyshack did not result in the membership application of actor Chevy Chase being declined.

The Golf Clubs

Shinnecock Hills

Shinnecock Hills is the most well-known golf club in the Hamptons, having played host multiple times to the U.S. Open Golf tournament at least once in every century since its foundation. Henry Kravis of KKR and George Herbert Walker IV of Neuberger Berman are amongst the Wall Street elite to test their mettle.

Sebonack Golf Club

Out-going CEO of Goldman Sachs, Lloyd Bankfein, and Gary Cohn have been seen working their way around the course designed by golfing legend Jack Nicklaus and Tom Doak. Sandwiched between Shinnecock Hills and National Golf Links, Sebonack has, in recent years, hosted the 2013 U.S. Women’s Open Golf Tournament.

National Golf Links of America

The Peconic Bay course derived its name from the fact that its founding 67 members were from across the United States. Although having never hosted one of “the majors” the course, designed by Scot Charles B. MacDonald has a strong private following including Stanley Druckenmiller and Jimmy Dunne III of Sandler O’Neill & Partners.

Atlantic Golf Club

A “Links like” course designed by Rees Jones in 1992 on land originally scheduled for a housing development, Atlantic is not just a challenging course requiring golfers to be able to create the full repertoire of shots, but also a haven for wildlife, in particular the Tiger Salamander and Northern Harrier (Hawk). Notable Wall Street players include Eric Gleacher and Eddie Lampert.