President-elect Donald Trump launched a series of Tweets Wednesday morning indicating that he plans on leaving his business behind as he transitions to the White House.
The President-elect’s vast business dealings have been a point of controversy, with many speculating that they could create a conflict of interest.
Trump maintains that there is nothing illegal about holding onto his business operations as president.
The President-elect – who made a name for himself in real estate and development – owns or holds a position in more than 500 companies, according to CNN.
Among those are companies that have conducted business in Turkey, Qatar, and Saudi Arabia.
Trump indicated that he will hold a press conference with his family in New York City on Wednesday to announce the move.
I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my …— Donald J. Trump (@realDonaldTrump) November 30, 2016
great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ….— Donald J. Trump (@realDonaldTrump) November 30, 2016
do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses..— Donald J. Trump (@realDonaldTrump) November 30, 2016
Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!— Donald J. Trump (@realDonaldTrump) November 30, 2016