Equinox is controlled by Related Companies and a consortium of the world's largest alternative asset managers after a $1.8 billion 2024 financing, with no founder involvement. Its labor record includes an $11.25 million jury verdict for race and gender discrimination in 2023 and a $36 million California wage-and-hour class settlement covering 15,000+ workers — while it sells a $40,000-a-year membership tier with a waitlist. The company answers to its investors, not the staff its clubs run on.