WASHINGTON – US President-elect Donald Trump has said he would take one US dollar as his annual salary and not the whopping $400,000 that comes with the US president’s job.

Asked whether he was going to the president’s salary, 70-year-old Trump said, “No, I’m not gonna take the salary. I’m not taking it,” confirming a promise he made in a campaign video in September before election.

“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” in an interview.

Trump confirms he will not accept $400,000 President’s salary

Trump also announced he would not take any vacation. “We have so much work. There’s so much work to be done. And I want to get it done for the people,” he said.

“I want to get it done. We’re lowering taxes, we’re taking care of health care. I mean, there’s just so much to be done. So I don’t think we’ll be very big on vacations, no,” Trump said, ruling out a vacation for himself.

The Republican defeated his Democratic rival Hillary Clinton in Nov 8th presidential vote, in a result which shocked many who had expected her to win following favorable opinion polls.