Those hoping to join Donald Trump’s exclusive Mar-a-Lago club in Florida will soon have to shell out $1 million to cover an initiation fee—a sharp increase from years past.
The latest price hike will go into effect in October, just a month before the 2024 presidential election. The new fee is a roughly 40 percent increase from its current price of $700,000, which itself was a significant jump from the $200,000 new members were charged in 2017.
The latest price change was revealed by the club’s manager, Bernd Lembcke, in a recent interview with Bloomberg, where he claimed the price hike was merely an issue of supply and demand. He said there are only four spots available for new members.
