Mar-a-Lago Initiation Fee Increase
Former President Trump announced an increase in Mar-a-Lago's initiation fee from $700,000 to $1 million. The club, which Trump bought in 1985 and converted into a private club nine years later, has been his primary residence since 2019. The fee hike comes as Trump potentially eyes a return to the White House.
Key Points
- Trump bought Mar-a-Lago in 1985 and converted it into a private club
- Initiation fee raised from $700,000 to $1 million
- Trump's primary residence since 2019
- Hosted world leaders during his presidency
Pros
- Increased value of being near Trump
- Possible indication of Trump's return to the White House
Cons
- Significant increase in membership fee