Trump's Mar-a-Lago membership fee doubles

Before you go, we thought you'd like these...
Before you go close icon

Donald Trump is cashing in on being the President of the United States.

The membership to President Trump's swanky Mar-a-Lago club in Palm Beach, Florida has been bumped up to $200,000, doubling its usual initiation fee of $100,00 according to CNBC.

The price hike took effect on January 1st after the election of Donald Trump.

See photos of Trump's Mar-a-Lago resort in Palm Beach:

33 PHOTOS
Donald Trump's Mar-a-Lago resort
See Gallery
Donald Trump's Mar-a-Lago resort
PALM BEACH, FL - NOVEMBER 12: (MINIMUM PRICING APPLIES, PLEASE CONTACT YOUR ACCOUNT EXECUTIVE) Place settings photographed before guests arrive for Donald Trump Jr. and Vanessa Trump's wedding reception at The Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida. (Photo by Evan Agostini/Getty Images)
Photo: Trump Golf
Photo: Trump Golf
Photo: Trump Golf
Photo: Trump Golf
Photo: Trump Golf
Photo: Trump Golf

General view of the upper balcony area during Donald Trump Jr. and Vanessa Haydon's wedding at The Mar-a-Lago Club November 11, 2005 in Palm Beach, Florida.

(Photo by Michelle McMinn Photography/Getty Images)

View of the beach club pool at the Mar-a-Lago estate, Palm Beach, Florida, February 17, 2003.

(Photo by Davidoff Studios/Getty Images)

General view inside The Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida.

(Photo by Carlo Allegri/Getty Images)

American businessman Donald Trump talks with a group of Boy Scouts on a tour of the Mar-a-Lago estate, Palm Beach, Florida, 1999.

(Photo by Davidoff Studios/Getty Images)

General view of the upper balcony area at The Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida.

(Photo by Evan Agostini/Getty Images)

General view of Donald Trump Jr. and Vanessa Haydon's wedding reception at The Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida.

(Photo by Carlo Allegri/Getty Images)

An American flag flies over Donald Trump's Mar-A-Lago club November 1, 2006 in Palm Beach, Florida. The town of Palm Beach has cited Donald Trump because the flag is too big and does not meet the town's specifications. A hearing is scheduled.

(Photo by Lucien Capehart/Getty Images)

Grand interior reception at Donald Trump's Mar-a-Lago Estate in Florida
Grand interior reception at Donald Trump's Mar-a-Lago Estate in Florida
Party on the Moon performs during US President-elect Donald Trump's New Year's Eve party December 31, 2016 at Mar-a-Lago in Palm Beach, Florida. / AFP / DON EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
PALM BEACH, FL - MARCH 13: The Donald J. Trump Ballroom at the Mar-A-Lago Club' in Palm Beach where Republican Presidential candidate Donald Trump spoke after the Florida primary, March 13, 2016 in Palm Beach, Florida (Photo by Brooks Kraft/Getty Images)
PALM BEACH, FLORIDA - NOVEMBER 1: Pool that Trump built at Mar-a-Lago. Photo by Mary Jordan/The Washington Post via Getty Images
PALM BEACH, FLORIDA - NOVEMBER 1: The tiled patio at Mar-a-Lago, a focal point of the estate. Photo by Mary Jordan/The Washington Post via Getty Images
PALM BEACH, FL - FEBRUARY 28: A general view at the Mar-a-lago Club Pool view at the Andrea Bocelli concert at The Mar-a-Lago Club on February 28, 2010 in Palm Beach, Florida. (Photo by Lucien Capehart/Getty Images)
View from an upper balcony of the Mar-a-Lago estate, Palm Beach, Florida, September 4, 2010. The view looks south towards a newly constucted ballroom. (Photo by Davidoff Studios/Getty Images)
(Original Caption) Marjorie Merriweather Post Hutton's home in Palm Beach, Florida.
Real estate developer Donald Trump (C) w. wife Ivana sitting in their home, Mar-a-Lago, w. household staff behind. (Photo by Ted Thai/The LIFE Picture Collection/Getty Images)
PALM BEACH, FL - JANUARY 29: The pool at Mar-A-Lago where cocktails were held for the International Red Cross Ball January 29, 2005 in Palm Beach, Florida. (Photo by Lucien Capehart/Getty Images)
Atmosphere during Art for Life Gala Honoring Sean P. Diddy Combs Hosted by Russell Simmons and Kimora Lee Simmons at Mar-a-Lago in Palm Beach, Florida, United States. (Photo by Johnny Nunez/WireImage)
PALM BEACH, FL - NOVEMBER 12: Preparations are made before guests arrive for Donald Trump Jr. and Vanessa Haydon?s wedding reception at The Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida. (Photo by Evan Agostini/Getty Images)
PALM BEACH, FL - NOVEMER 12: (MINIMUM PRICING APPLIES, PLEASE CONTACT YOUR ACCOUNT EXECUTIVE) Ivana Trump and guests attend the wedding ceremony of Donald Trump Jr. and Vanessa Haydon at the Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida. (Photo by Evan Agostini/Getty Images)
PALM BEACH, FL - NOVEMER 12: (MINIMUM PRICING APPLIES, PLEASE CONTACT YOUR ACCOUNT EXECUTIVE) Newlyweds Donald Trump Jr. and Vanessa Haydon pose with the groomsmen and bridesmaids after the wedding ceremony of Donald Trump Jr. and Vanessa Haydon at the Mar-a-Lago Club November 12, 2005 in Palm Beach, Florida. (Photo by Michelle McMinn Photography/Getty Images)
Palm Beach-dining setting for the club members. Mar-a-lago is an estate and National Historic Landmark in Palm Beach built by the heiress Marjorie Merriweather Post. It was envisioned as a winter retreat for presidents, but never used as such and in 1985 Donald Trump purchased it. The estate contains the Mar-a-lago private club, and a separate closed off area that serve as the Trumps family private quarters..............-the Estate showcases a sumptuous decorative style , everywhere you turned there were lavish accents, but all of these tied together with elegance and an undeniable regal style. I was amazed at the countless details, the estate is truly breathtaking. #palmbeach #maralago #lls #blacktie #gala #glamour #jetsetter #exclusive #liveauthentic #luxury #lifestyle #fashion
The closing day at the Cavallino, Classic Sports Sunday in #palmbeach #vintage #cars #pbir #trophy #cavallino #carshow #racecar #bugatti
Ready for a party #HappyFriday . . 📸: @adamoprisphotography
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

It's no secret that being at the Mar-a-Lago club gives you a good chance of running into the President, especially since some are calling the Florida property his 'Winter White House.'

Trump has resigned as CEO of the Trump Organization, but still the price hike does worry some people who think this is just one example of how the presidency and Trump's business are mixing.

Similar to a tweet sent out by his newly opened International hotel in Washington that stated, "We are waiting for you Mr. President! Thank you!" or the fact that he updated his business bio to include his Presidency.

As if there's still anyone out there who is unaware he's now President.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners

20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job 20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport