The billionaire businessman will not take the $400,000 salary when he takes office in January.
Instead, he will take a nominal $1 as required by law.
In his first interview since his shock election win, Trump sat down with CBS News' Lesley Stahl at his Manhattan home to film 60 Minutes.
During the interview, Trump was grilled on a wide range of issues, many of which he had been outspoken on during his controversial campaign.
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