November 14, 2016
Donald Trump To Work For Free As US President; Rejects His $1.8m Salary
Prior to his election, Trump has said he won't “take one dollar” of the $400,000 presidential salary.
Speaking at an event in September last year, he told a crowd in New Hampshire: “The first thing I’m going to do is tell you that if I’m elected president, I’m accepting no salary, okay? That’s not a big deal for me.”
He reiterated same in a Twitter Q&A later. When a follower asked: “Will you forgo the presidential salary if elected?” To which he replied: “As far as the salary is concerned - I won’t take even one dollar. I am totally giving up my salary if I become president.”
During his campaign, he made much of his claims that as a rich businessman he is not bound to the bidding of financial backers. Mr Trump is worth an estimated net $3.7 billion, according to Forbes.
Previous wealthy presidents have donated their salaries to charity after deeming it is not financially necessary for them to take it as personal income.
Herbert Hoover and John F Kennedy both reportedly donated the salary to charity.