For the first time in history, the United States will have its first ever billionaire president. With the election of Donald Trump comes new issues never before seen in American politics, including how the president-elect handles his private businesses moving forward.

Trump's Twitter

Donald Trump has been a household name for the better part of four decades. The billionaire real estate mogul quickly became famous for his business deals, Trump Plaza casinos, and Trump Tower high-rise in New York City.

Trump's popularity exploded over the last decade, as the president-elect became the host of the widely successful reality show "The Apprentice." Despite several setbacks along the way, Trump remained a billionaire and was able to pull off one of the biggest political upsets in recent history by defeating Hillary Clinton to become the next president. During the campaign, and even more in recent weeks, speculation continued to grow over what Trump would do with his businesses to avoid a conflict of interest while acting as president.

Trump elaborated further on his offical Twitter account on December 13.

In a three-part Twitter rant, Donald Trump explained what will happen to his businesses over the next few years. "Even though I am not mandated by law to do so, I will be leaving my businesses before January 20th so that I can focus full time on the Presidency," Trump tweeted.

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Tech Donald Trump

In a follow-up message, Trump added, "Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office."

"I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest," Donald Trump wrote, while concluding his message by stating, "Busy times!" Trump's explanation on Twitter comes just hours after he canceled a planned press conference on the issue, which was quickly postponed until some time in January.

Questions were raised as to why the press conference was canceled in the first place, with some wondering if it had anything to do with the recent CIA report which concluded that Russia hacked the 2016 presidential election in favor of Trump.

Next up

In less than five weeks, Donald Trump will be sworn in as the next commander in chief, despite growing opposition from millions of Americans.

While Trump did win the electoral college, which decides the presidency, critics point to the fact that he lost to the popular vote to Hillary Clinton by over 2.5 million votes.

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