WASHINGTON — Donald Trump isn’t giving up his TV interests just to be president of the United States.
The former reality star will remain executive producer of “Celebrity Apprentice” and continue receiving royalties from a show he hosted for more than a decade, Variety reported Thursday.
The value of those royalties are not public, though the paper said they’re likely in the low five-figure range for each show that airs.
Trump spokeswoman Hope Hicks pointed out that the president-elect helped create the hit program.
“Mr. Trump has a big stake in the show and conceived of it with Mark Burnett,” she said.
“Additional details regarding his business interests will be shared December 15th.”
Trump is planning a press conference on that date to explain how he’ll deal with his extensive business holdings.
One insider described Trump’s role as “honorary,” meaning he won’t have a hand in actually producing the show.
“Celebrity Apprentice” is slated to air at least eight new episodes, beginning Jan. 2, just 18 days before Trump is officially sworn in as the next president.
The show’s new host also has a connection politics — Arnold Schwarzenegger, the former governor of California.
Trump’s long-standing relationship with the show – and its sister show “Apprentice” – is credited with helping him gain the household-name recognition as a savvy and effective businessman that boosted his presidential campaign.
Trump’s relations with NBC, which airs the hit show, were severed after the mogul jumped into the presidential race in July 2015.
He last hosted the show in February 2015.
NBC, however, will not directly be cutting checks to the next president. Those will come from the company that owns the show, MGM.
It is unprecedented for a president to profit directly from an ongoing TV series while in office.
But it is also the case that no other president has come into office with such connections to an ongoing hit reality TV show – not to mention his vast business interests.
But President Obama has been receiving royalties throughout his two terms for his two books, “ Dreams from My Father” and “The Audacity of Hope, which were published before he moved into the White House.
In 2010, Obama published “Of Thee I Sing: A Letter to My Daughters,” but donated the proceeds to charity and did not directly profit from the book.
When President Bill Clinton was in office, his wife, Hillary,, published at least three books: “It Takes a Village,” “Dear Socks” and “An Invitation to the White House.”
Trump to remain executive producer of ‘Celebrity Apprentice’
Trump TV