Trump's Florida club doubles new member fee
- Author: Toni Ryan Jan 27, 2017,
Jan 27, 2017, 0:52
People close to the Florida resort said the increase took effect January 1.
Mar-a-Lago, the Florida resort owned by the Trump Organisation, doubled its initiation fee to $200,000 following the election of Donald Trump as the US President, a media report said. The Trump organization is now run by his two sons.
To be fair, an extra $100,000 might not be such a bad price considering the club's latest perk: Trump has already been down to visit since his election, and according to a tweet even wrote his inaugural address there. The initiation fee was dropped from $200,000 to $100,000 in 2012, which the club blames on Bernie Madoff's Ponzi scheme which hit the Palm Beach community hard. Membership at Mar-a-Lago promotes, "the highest privileges and an elite lifestyle", offering guests a living "reserved for a select few", according to the resort's website.
On top of the initiation fee, members pay $14,000 a year in dues and have to spend at least $2,000 a year on food.More news: China urges United States to bar Taiwan delegation from Trump inauguration
The new price jump was slammed by ethics watchdogs, who have criticized Trump's lack of separation between his private finances and public power.
And while the Trump Organization's most famous resort is raising its prices, Trump Hotels is plotting a nationwide expansion. I'm sure that has nothing to do with the fact that he intends to use Mar-A-Lago as an occasional retreat from the White House.
"It's now more cachet", said long-time member Robin Bernstein.