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The Young President’s Organization, or YPO, is a fantastic organization that helps shape future leaders worldwide.
MCR Bahamas’ real estate team is proud to be part of YPO and has worked with several of its members to find real estate opportunities in The Bahamas. That’s why we’re happy to provide information through this guide to help anyone interested in being part of such a noteworthy group of individuals.
We’ll share what YPO is, its history, YPO requirements, and the costs associated with membership. More importantly, you’ll learn the benefits of joining such an esteemed organization.
Let’s jump in!
Table of Contents
What is YPO (Young Presidents’ Organization)?
The Young Presidents’ Organization is a global network of young chief executives and business leaders. These members come from diverse industries and all types of businesses to connect and learn from each other.
The organization was founded in 1950 by manufacturer Ray Hickok, who, at age 27, found himself without peers with whom to share experiences about managing a company. His idea was to bring together young executives into a peer network to help them improve their businesses and become better leaders.
YPO Chapters
There are 14 YPO global regions around the world, which are divided into local chapters.
Here’s a quick breakdown of every region so you can get a better sense of the size of the Young President’s Organization.
- Africa: 24 chapters and more than 950 members.
- Australia and New Zealand: 17 chapters and more than 1,200 members
- Canada: 20 chapters and more than 1,800 members
- Europe: 84 chapters and more than 3,500 members
- Latin America: 50 chapters and more than 2,700 members
- Mid-America US: 40 chapters and more than 3,400 members
- Middle East and North Africa: 27 chapters and more than 1,200 members
- Northeastern US: 33 chapters and more than 2,700 members
- North Asia: 20 chapters and more than 1,080 members
- Pacific US: 60 chapters and more than 4,000 members
- South Asia: 23 chapters and more than 1,600 members
- Southeast Asia: 22 chapters and more than 1,100 members
- Southeast US and Caribbean: 20 chapters and more than 2,200 members
- Western US: 35 chapters and more than 2,900 members
Today, the organization has approximately 34,000 members in more than 150 countries. The total combined revenue of its members’ companies is $9 trillion, and they employ approximately 22 million people worldwide.
Famous YPO Members
YPO has some pretty impressive members, including Mukesh Ambani, one of the richest people in the world. He’s the chairman and managing director of Reliance Industries.
In 2020, some of its members were included in Fortune Magazine’s annual 40 under 40 list:
- Adar Poonawalla, CEO of Serum Institute of India
- Michele Romanow, Co-founder and president of Clearbanc
- Lily Sarafan, Co-founder and CEO of Home Care Assistance
- Adena Hefets, Co-founder and CEO of Divvy Homes
- Yoni Assia, Co-founder and CEO of eToro
YPO aims to support and inspire its members so they, too, can realize their highest potential.
Can anyone join YPO?
YPO is an exclusive organization that’s specifically geared toward young leaders in their respective businesses and fields, and its requirements reflect that. To qualify, you must meet all the requirements YPO has set for its members.
If you do qualify, though, you’ll find yourself surrounded by people who share your vision and passion for growing as a leader. The connection alone could help get you to the next level in your career.
Let’s take a look at their membership requirements.
YPO Membership Requirements
Meeting all of these requirements will allow you to apply for YPO membership.
Criteria 1: Age
YPO is an organization for young people, so you must be under 45 years old to join the group.
Criteria 2: Title
You need to have a leadership position in your company. That means having a title like president, CEO, managing partner, chairperson of the board, or an equivalent title.
Criteria 3: Number of Employees
It’s not enough that you have a leadership position. You also need to oversee at least 50 full-time employees.
Alternatively, you could have a combination of 15 full-time employees and a minimum of $2.5 million in annual employee compensation.
Criteria 4: Revenue by Company Type
Your company revenue needs to be amazing, too. If you’re in the sales, service, or manufacturing industries, you need to make $15 million. Agencies need to make $12 million and financial institutions should generate $300 million.
If you don’t meet those revenues, your enterprise value should be at least $25 million.
YPO Application
If you meet those requirements, congratulations! You can apply for membership.
YPO offers a simple application portal on their website for interested parties to apply. Submit your details in the online form and wait for the organization to contact you.
YPO Gold Membership Requirements
As mentioned earlier, YPO is for young leaders. You need to be younger than 45 years old to join.
But what happens when active members turn 45?
When that happens, you transition to becoming a YPO Gold member. You still get to enjoy all the benefits of being a YPO member, including mentorship and educational opportunities.
However, you are no longer allowed to vote on YPO matters or hold a leadership position in the organization.
YPO Cost & Membership Fees
While membership fees vary, expect high numbers. As members are CEOs of multimillion dollar businesses, earning many times more than an average salary, they expect to pay for quality programs and often have budgets for personal and professional development.
How much you pay depends on several factors, including which chapter you join. There are one-time fees and annual fees. You also may need to pay for travel expenses when attending events.
While prices are subject to change, here’s a breakdown of projected fees. Use this as a reference if you’re interested in becoming a member.
- Initiation Fee: A one-time fee you must settle before becoming a member. It costs just under $4,000.
- Annual Dues: These are broken into monthly payments, and are based on your company’s annual revenue. It costs anywhere between $3,000 and $6,000 per month.
- Chapter Fees: Another monthly fee, this helps support your chapter’s activities and varies from group to group, but online sources say the range is $2,000 – $7,000 annually.
While these fees may seem high, some members would tell you that the program is priceless, and they would happily pay those fees and more.
More About the Young Presidents’ Organization
How is the organization structured? If you join, what kind of leaders could you expect to meet?
YPO Board
There are 14 members of the Board of Directors who are leaders in their fields, but these are the four chair positions:
- YPO Global Chairman: Raymond Watt of Rimari.ai, Pacific U.S. region
- YPO Global Chairman Emeritus: Rafi Demirijian of Demirijian Global (Offshore) S.A.L., Middle East/North Africa Region
- YPO Global Deputy Chairman: Sofyan Almoayed of Khalid Almoayed & Sons. Middle East/North Africa region
- Speaker of the Board: Brett Keith of RockWood Equity Partners LLC, Northeastern U.S. region
Each region has its own leaders. There are also committees tasked with handling issues within the organization.
YPO Strategic Partners
The organization’s strategic partnerships are responsible for giving YPO members access to learning opportunities and expert resources.
Here are just a few of the groups YPO works with.
- DLA Piper: Provides legal perspectives and expertise.
- EY: Gives fresh insights and tips about entrepreneurship.
- Goldman Sachs: Provides experiential investing opportunities for business leaders.
- Mayo Clinic: Offers educational events featuring Mayo speakers.
- Henley & Partners: Advises on various investment migration program options.
- theBoardlist: Connects candidates with global board opportunities.
- Center for Creative Leadership: Provides customized executive learning events.
- RISE: Offers customized corporate innovation workshops.
YPO also works with educational institutions, non-profits, and content contributors.
YPO Real Estate
Parallel to their quest for growth, many members invest in real estate. YPO itself understands the important role that real estate plays in the development of individuals, families, businesses, and communities. Their dedicated Real Estate Network group hosts bespoke events, roundtables, and creates specialized content focused on the varied aspects of real estate, to help keep members on top of the curve.
There are many reasons YPO members invest in real estate. They may include:
- Diversification: Real estate, whether you’re buying a plot of land or a condominium, is a tangible asset that can be an excellent way to diversify your investment portfolio beyond traditional stocks and bonds.
- Cash Flow: If rented out, real estate properties can provide a steady cash flow through rental income.
- Capital Appreciation: Over the long term, real estate tends to increase in value, leading to potential capital gains when the property is sold.
- Tax Benefits: Depending on the jurisdiction, there can be significant tax advantages associated with owning real estate, including deductions for mortgage interest, property taxes, and others.
For some, investing in particular locations may be more personal. Perhaps they discovered the perfect location to create core memories with their families. Somewhere with the best private schools for the kids, luxury communities for the adults, and a laid-back lifestyle where they engage and connect at their own pace.
All of this and more is available in The Bahamas, which is where many YPO members invest in luxury real estate with the help of MCR. Whether you’re looking for a permanent residence, vacation home, or seasonal rental properties, MCR can help you find the perfect fit.
Nassau is home to the YPO Bahamas chapter, and it could be your home, too. Many US citizens, Canadians, and other expats own property there. And while the process isn’t exactly the same as purchasing in your home country, foreign investment is welcome, and local banks stand ready to provide mortgages. Reach out today for more information.
Is YPO Worth It?
YPO memberships offer a range of benefits that go beyond the bottom line. While the financial gains can be transformative, they’re just the tip of the iceberg.
Members access leadership conferences, educational roundtables, incredible networking opportunities, and closed-door forums where members dissect the issues in their businesses and personal lives. Discretion and confidentiality are requisite to joining, so members feel secure sharing freely in a judgment-free zone.
YPO members also attend special events and once-in-a-lifetime trips. With chapters all over the world, they encourage members to experience other cultures and broaden their worldviews.
To that end, we invite members to visit the YPO Bahamas chapter. Whether for work or play, immersing yourself in The Bahamas lifestyle may just change your life. Why not rent a home and see for yourself?
The team at MCR Bahamas knows how to support YPO members because we’re members ourselves and have 40 years of experience in the industry. Our specialty is supporting international clients through their Bahamas property-purchasing journeys, so you can trust we’ll point you in the right direction.
Whatever your real estate needs, whether it’s a luxury home or investment property, let MCR Bahamas assist you in your search.