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.