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Why people pay $200,000 to belong to country clubs like Mar-a-Lago

For the super rich, spending money on a membership to the right golf club might actually end up adding to their bank account. Or so they hope.

The resort Mar-a-Lago, which is located in Palm Beach, Fla., and owned by the Trump Organization, reportedly doubled its initiation fee to $200,000 after Donald Trump was elected president. (The club’s managing director of membership didn’t respond to MarketWatch’s request for comment.)

That price tag may seem steep, but some wealthy individuals are willing to pay at least that to take advantage of luxury golf and resort clubs, said Steve Sims, the chief executive and founder of TheBluefish.com, a luxury concierge service that costs between $5,000 and $25,000 a year.

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