Trump will not accept the president`s salary

US president-elect Donald Trump said he will not accept the salary for being president.

Questions have swirled concerning what`ll happen to Trump`s income in the wake of his winning the 2016 US presidential election, report agencies on Friday.

Trump said at a September 17, 2015, event in Rochester, 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.`

Someone on Twitter asked Trump in a Q & A session, a video of which was posted on Trump`s Twitter account on September 21, 2015: `@realDonaldTrump, will you forgo the presidential salary if elected?`

Trump answered: `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.

In the same video, Trump said he was `totally self-funding` his campaign and said that he `won`t take money other than the small stuff`.  

However, he later started fundraising for both himself and the Republican National Committee, Business Insider pointed out.

As of Friday, Forbes estimates that Trump`s net worth is $3.7billion.

Herbert Hoover, who made millions of dollars in mining before becoming president in 1929, and John F. Kennedy, who came from a wealthy family and became president in 1961, both donated their presidential salaries to charity.

The US Code says on its website: `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.`