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Donald Trump will take $1 as his salary with no vacations

If Trump refuses his salary as a US president, he will be joining late US Presidents Herbert hoover and John F. Kennedy in doing so

Published: Updated:

US President-Elect Donald Trump has said he would take just $1 as his salary annual instead of the $400,000 that comes with the US president’s job, he said during his first post-elections interview with CBS’ 60 minutes.

Trump also said he would not be going on any vacations while he is in elected office for at least the next four years.

“No, I’m not gonna take the salary. I’m not taking it,” he said, confirming a vow he made while campaigning for the presidency in September.

“I think I have to by law take $1, so I’ll take $1 a year. But I don’t even know what it is,” Trump told CBS’s 60 Minute.

If Trump, whose wealth estimated to be around $4.5 billion, refuses his salary as a US president, he will be joining late US Presidents Herbert Hoover - appointed in 1929 - and John F. Kennedy - in 1961 – who both gave up their salaries to charities.

The US gives an annual $400,000 salary to its leader with a $50,000 additional allowance.