Why Donald Trump will earn salary of KSh400 for entire term as President

DONALD TRUMP [PHOTO/COURTESY]

United States President-elect Donald Trump will take home 1 U.S. dollar (KSh102) every year for the term he will hold office as Head of State.

Donald Trump admitted he would not take the 400, 000 U.S. dollars (KSh40.7) million annual income he is entitled to as President.

Speaking to CBS’s 60 Minutes host Lesley Stahl in an interview that aired Sunday, Trump predicted that he and his administration wouldn’t ‘go big on vacations because there is too much to be done.’

Last year October, Trump promised that he would refuse to take a salary as president.

During a campaign appearance in Rochester, New Hampshire in 2015, the billionaire told a crowd he would not be accepting the $400,000 (KSh40.7 million) annual salary if he became president.

Well, it now emerges that he cannot serve as Head of State completely ‘salary-less’ as he must receive at least a dollar every year, says the U.S. law.

“I think I have to by law take 1 U.S. dollar, so I will take 1 U.S. dollar a year,” Trump said.

That means, for the four years he will hold office – until next presidential election, Trump will earn a cumulative salary of 4 U.S. dollars (KSh408).

According to Forbes’ latest investigation released in September, Trump’s wealth is around $3.7 billion (KSh376 billion) – down $800 million (KSh81.4 billion) from a year ago.

Trump wouldn’t be the first president to forgo a salary. According to Snopes.com, Trump would be joining John F. Kennedy (U.S.A’s 35th President) and Herbert Hoover (U.S.A’s 31st President), who both donated their entire presidential salaries to charity.

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