Billionaire businessman Donald Trump has said he will not take the $400,000 salary for being US president.

Mr Trump has confirmed a pledge in a September speech in New Hampshire when he said: “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.”

Forbes estimates that Mr Trump is worth $3.7billion.

Previous US presidents Herbert Hoover, who made millions of dollars in mining before entering the White House in 1929, and John F Kennedy, who came from a wealthy family, donated their salaries to charity.

The post also carries an annual expense allowance of $50,000.

> In an interview Mr Trump has signalled a softening of his approach to ‘Obamacare‘ saying he will not now abolish it.

> Mr Trump’s wealth and his extensive businesses interests have raised questions over a potential conflict of interest.

> Boris Johnson is to snub an emergency meeting of EU foreign ministers to discuss Donald Trump.

The Foreign Secretary’s decision to miss Sunday’s meeting is said to highlight a gulf between Europe and the UK on how to respond to the Republican taking the White House.

> UKIP leader Nigel Farage has said Theresa May must mend fences with Mr Trump after “rude” comments during the campaign.