Report: Fee To Join Mar-A-Lago Club Doubled To $200k After Trump Win

AP

President Donald Trump’s Mar-a-Lago club raised its initiation fee from $100,000 to $200,000 nearly two months after his electoral victory, according to a CNBC report published Tuesday.

Unnamed sources close to Trump’s resort told CNBC that the one-time fee hike took place on Jan. 1, and that the resort had been considering increasing the fee for “some time.”

Club members must also pay a $14,000 annual fee, plus taxes.

Critics allege that the Trump Organization is taking advantage of the presidency for monetary gain. Trump has put his assets, including Mar-a-Lago, into a trust controlled by his two adult sons, although details of that trust are still hazy. Earlier Wednesday, Trump Hotels CEO Eric Danziger proposed a massive expansion of that company’s footprint in the U.S.

ABOUT THE AUTHOR

Matt Shuham is a news writer for TPM. He was previously assistant editor of The National Memo and managing editor of the Harvard Political Review. He is available by email at mshuham@talkingpointsmemo.com and on Twitter @mattshuham.

LIKE US ON FACEBOOK