Donald Trump said during his campaign that he wouldn’t take the presidential salary, leading many to question whether the now-President-elect will follow through on his promise.
Many began to wonder, not long after Trump’s victory after the Nov. 8 election, whether Trump would take the salary of $400,000 per year presidents are paid. If he decides not to, then he would be the third president in history to forego his salary.
Trump told "60 Minutes" on Nov. 13 that he would not take the salary, CBS News reports.
“Well, I’ve never commented on this, but the answer is no,” Trump said. “I think I have to by law take $1, so I’ll take $1 a year. But it’s a -- I don’t even know what it is.”
During a campaign speech in New Hampshire on Sept. 27, 2015, Trump said: “The first thing I’m going to do is tell you that if I’m elected president, I’m accepting no salary, OK? That’s not a big deal for me.”
Several days later, during a Twitter Q&A, Trump reiterated that he would not take the salary, according to the Daily Mail.
“As far as the salary is concerned -- I won’t take even one dollar,” he said. “I am totally giving up my salary if I become president.”
Trump’s net worth is reportedly around $3.7 billion, according to recent estimations.
“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 relating to or resulting from the discharge of his official duties,” the U.S. Code states on its website, according to the Daily Mail.
Herbert Hoover and John F. Kennedy are the only two presidents independently wealthy enough not to forgoe their presidential salaries; both donated theirs to charity.