Donald Trump Promised Not to Take a Salary as President

Donald Trump, the president-elect, has said he would refuse to take a salary if he was elected.

Last September, Trump said he would forego a salary if elected—and he wouldn’t seek outside contributions.

“I won’t take even one dollar. I’m totally giving up my salary if I become president,” Trump said in a Twitter video last year from the New York headquarters of the social media site.

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The annual salary for a president is about $400,000 per year. Trump can afford to not be paid that amount, as he’s worth several billion dollars, according to Forbes magazine, meaning that he’s now the wealthiest president-elect in history.

.@Modern_Do_Good #asktrump pic.twitter.com/I7AaH7AVRw

— Donald J. Trump (@realDonaldTrump) September 21, 2015

“The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses,” says the United States Code on the matter, adding that the president is entitled to use White House furniture and other effects.

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Trump will officially be sworn in as president on Friday, January 20, on Inauguration Day.

The Associated Press declared Trump president-elect at 2:30 a.m. on Nov. 9.