Presidents And Other Prominent Figures Who Passed On Huge Salaries Like Trump Says He Will
9:04 am ET November 15, 2016 (Benzinga) Print
“I’ll take $1 a year,” President-elect Donald Trump said in a CBS interview on Sunday, when asked about his salary.
"Well, I've never commented on this [editor note: comments on the issue from September 2015], but the answer is no. I think I have to by law take $1, so I'll take $1 a year. But it's a — I don't even know what it [the presidential salary] is," Trump explained. When anchor Lesley Stahl replied that he would be forgoing $400,000 a year, he replied, "No, I'm not going to take the salary. I'm not taking it."
However, not accepting a salary is not a new practice among presidents. In the '60s, President John F. Kennedy, whose family was also very rich, gave up all of his salary to charity. Even before him, in the late '20s and early '30s President Herbert Hoover, also pretty wealthy for his time, used to distribute his salary among charities and his staff.
Also very famous for passing on the most significant part of large salary are:
Tesla Motors Inc (NASDAQ: TSLA)’s Elon Musk.
Facebook Inc (NASDAQ: FB)’s Mark Zuckerberg.
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Sergey Brin and Larry Page.
Oracle Corporation (NYSE: ORCL)’s Larry Ellison.
Urban Outfitters, Inc. (NASDAQ: URBN)’s Richard Hayne.
Kinder Morgan Inc (NYSE: KMI)’s Richard Kinder.
Former Mayor Michael Bloomberg.
Former Governor Arnold Schwartzenegger.
Former Governor Mitt Romney.
Image Credit: By Michael Vadon (Own work) [CC BY-SA 4.0 ] via Wikimedia Commons
