• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, 'we’d have to conduct a séance'

2

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

3

DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds

1

DOJ is turning to an ancient body of law to capture Iranian oil tankers. It’s been so long since the U.S. used it, 'we’d have to conduct a séance'

2

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

3

DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds
mar-a-lago

Trump’s Mar-a-Lago Resort Doubled Its Initiation Fee to $200,000

By
Madeline Farber
Madeline Farber
Down Arrow Button Icon
By
Madeline Farber
Madeline Farber
Down Arrow Button Icon
January 25, 2017, 3:04 PM ET
US-POLITICS-TRUMP
Photo by JIM WATSON AFP — Getty Images
Add Fortune on Google for similar content.

Donald Trump’s Florida resort Mar-a-Lago has been accused of cashing in on his presidential victory.

On Jan. 1, the resort doubled its initiation fee to $200,000, people close to the resort first told CNBC. The resort, which is owned by the Trump Organization, has allegedly been considering an increase since before the election. The initiation fee has been $100,000 since 2012.

But, CNBC reports, the overall cost to be a member at Mar-a-Lago is actually more than $200,000 thanks to an additional $14,000 members pay in annual dues—plus tax.

 

Now, members will also have a chance to see President Trump at the resort, as he plans to use it as his “Winter White House,” CNBC reports—the main mansion on the resort has more than 100 rooms, including a private quarter for the Trump family.

The 20-acre resort also has a beach club, pools, restaurant, tennis courts, as well as a 20,000-square-foot ballroom that Trump built for events, according to CNBC.

About the Author
By Madeline Farber
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.