GETTY Will Trump stick to his word and refuse the president's salary?

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Following his US presidential election win earlier this week, questions have been raised about whether the billionaire will accept the £320,000 ($400,000) salary the US President is entitled to. At an event in Rochester, New Hampshire, in September 2015, Trump announced: “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.”

Later that week in a Twitter Q&A session a similar question was asked, to which Trump replied: “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.” If he turns down the £320,000 salary, Trump will become only the third President in US history not to accept the hefty sum. Herbert Hoover, who was elected in 1929, had made a fortune from mining before turning to politics while John F. Kennedy came from a renowned wealthy family and became president in 1961. As a result, both presidents chose to donate their salaries to charity.

President-Elect Donald Trump in pictures Tue, December 13, 2016 Donald John Trump is an American businessman and politician who is President-elect of the United States as well as chairman and president of The Trump Organization Play slideshow 1 of 64

if I'm elected president, I'm accepting no salary, okay? That's not a big deal for me Donald Trump

Although Trump has not made any announcements regarding his salary since winning the election, he is expected to stick to his word and refuse the sizeable pay-packet. Many questions have been raised about how much the President-elect is actually worth - on Friday, Forbes estimated his net worth to be around £2.9 billion ($3.7 billion), although Trump has previously claimed that he is worth “in excess of £7.6 billion”.

GETTY John F. Kennedy was one of just two US presidents who did not take home the president's salary

The whopping salary is significantly more than the wage offered to the British Prime Minister, with Theresa May taking home £143,462 per annum. News of Trump’s victory in the US presidential election on Tuesday shocked the world and while some welcomed the news, there were protests and riots in cities across America.

GETTY Trump Tower is one of a number of assets in the President-elect's $3.7 billion fortune