• Donald Trump to reject presidential salary, won't be 'big' on vacations

    By: Zuri Davis , Rare.us

    Updated:

    Last year then-presidential candidate Donald Trump shared plans about what he would do regarding his pay should he win the presidency.

    >> Read more trending stories  

    During a 2015 October speech in Rochester, New York, Trump said that he would not take the $400,000 annual presidential salary.

    "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," he said.

    Trump repeated his stance following that speech in a Twitter Q&A:

     

     

    "As far as the salary's concerned, I won't take even one dollar," he said. "I am totally giving up my salary if I become president."

    During a "60 minutes" interview Sunday, Trump said again that he's "not taking" the presidential salary.

     

     

    "I think I have to, by law, take $1, so I'll take $1 a year. But ... No, I'm not going to take the salary. I'm not taking it," he said.

    Trump also said he doesn't plan on taking too many vacations during his term.

    "There's just so much to be done," he told CBS' Lesley Stahl. "So I don't think we'll be very big on vacations, no."

    Trump would be the third president to opt out of the presidential salary. Herbert Hoover and John F. Kennedy, the 31st and 35th presidents, both opted out of a salary during their terms.

    Hoover's 1913 net worth was an estimated $4 million. He donated his salary to charity. Kennedy, the richest man to have become president, donated both his congressional salary as well as his presidential salary to charity as well.

    Trump is worth an estimated $3.7 billion, according to Forbes.

    Next Up: