Mar-a-Lago Membership Fee Doubles to $200K

COINCIDENCE?

Updated Apr. 11, 2017 4:12PM EDT / Published Jan. 25, 2017 1:20PM EST

Carlos Barria/Reuters

Mar-a-Lago Club, the Trump Organization's Palm Beach resort, doubled its membership fee to $200,000 following Donald Trump's presidential election, according to those close to the resort. The increase took effect Jan. 1, but the club says it had been considering a membership fee increase for some time. Donald Trump has referred to the resort as the "Winter White House" in recent tweets and has visited twice since his election—once for Thanksgiving and once for Christmas. Since 2012, the initiation fee had been $100,000, a discounted rate due to the effects of the Bernie Madoff scandal. In addition to the initial fee, members of Mar-a-Lago pay $14,000 a year in annual dues.

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Mar-a-Lago Membership Fee Doubles to $200K

Carlos Barria/Reuters