US president-elect Donald Trump steps aside from running his businesses

His assets include Trump Doonbeg resort in Co Clare

US president-elect Donald Trump steps aside from running his businesses

President-elect Donald Trump waits to greet former New York Mayor Rudy Giuliani as he arrives in Bedminster, New Jersey | Image: Carolyn Kaster AP/Press Association Images

The president-elect of the US Donald Trump says he will step aside from running his business empire to focus on the presidency.

In a series of tweets, Mr Trump says he is leaving his business "in total" in order to fully focus on running the country.

"While I am not mandated to 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."

He says that legal documents are being drawn up which take him completely out of business operations.

"The Presidency is a far more important task", he adds.

He says he will hold "a major news conference" in New York with his children on December 15th.

The businessman, who is worth US$3.7bn (€3.47bn) according to Forbes, has assets including office towers, private golf clubs and luxury hotels around the world.

This includes his Trump Doonbeg resort in Co Clare.

There had been calls for Mr Trump to sever his business ties before taking office.

Critics argued that the billionaire could expose himself to potential conflicts of interest.

It is thought such a move will help eliminate any such conflicts, and also help to maintain impartiality in dealings.

There were also some concerns that maintaining the status quo may have posed a threat to US national security.