Can Yellowstone Club's developer keep billionaires buying?

Michael Meldman, head of Discovery Land Company, is betting that the next wave of ultra-wealthy buyers still want exclusivity—but with a more casual, social lifestyle. The article describes Meldman flying over English countryside as he evaluates potential development in the Cotswolds, where Discovery could build another “world” like its Yellowstone Club in Montana. Meldman, 67, says he focuses on early-stage projects and grand openings to shape “culture” and set expectations for how residents socialize. With 40-plus projects over three decades, he argues his approach goes beyond selling homes by structuring financing and community experiences. The piece cites large Discovery home sizes, including Dell’s 18,500-square-foot property in Hawaii.