President Trump's Mar-a-Lago just doubled its initiation fee

Mar A Lago initiation fee.
(Image credit: DON EMMERT/AFP/Getty Images)

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:

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