President Trump's Mar-a-Lago just doubled its initiation fee
Weeks before President Trump took office, Trump Organization's Mar-a-Lago resort doubled its initiation fees. As of Jan. 1, it now costs $200,000 to join the resort in Palm Beach, Florida — on top of the $14,000 a year in membership dues.
The resort had reportedly "been considering an increase for some time," CNBC reported. However, the drastic price increase shortly after Trump was elected president has raised eyebrows:
Apparently, initiation fees were once $200,000, before they were slashed to half of that in 2012, reportedly because of a "decline in memberships," CNBC reported. It's not clear if this latest increase is due to a huge new surge.
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