Despite much speculation in the past few months, business tycoon Donald Trump has decided not to run for president of the United States in 2012. The reality star has instead decided that he's going to continue on with his hit TV series, The Celebrity Apprentice

The main reason? Because of the money the show has raised for charity.

"I love 'Celebrity Apprentice," he announced at NBC's Upfront Presentation on Monday.

"We've raised tens-of-millions of dollars for charity, we've never raised so much as we have in the last season."

"We're going to continue making lots and lots of money for charity; I will not be running for president, as much as I'd like to," he added, confirming his decision not to throw his hat into the political ring.

"This decision does not come easily or without regret," he said in a formal statement (read it below) released on Monday.

Trump; who recently made headlines over challenging the validity of president Barack Obama's birth certificate; remains confident of his chances of winning if he did put in a bid for the White House.

"I maintain the strong conviction that if I were to run, I would be able to win the primary and ultimately, the general election," he says.



Read Donald Trump's full statement:

After considerable deliberation and reflection, I have decided not to pursue the office of the Presidency. This decision does not come easily or without regret; especially when my potential candidacy continues to be validated by ranking at the top of the Republican contenders in polls across the country. I maintain the strong conviction that if I were to run, I would be able to win the primary and ultimately, the general election. I have spent the past several months unofficially campaigning and recognize that running for public office cannot be done half heartedly. Ultimately, however, business is my greatest passion and I am not ready to leave the private sector.

I want to personally thank the millions of Americans who have joined the various Trump grassroots movements and written me letters and e-mails encouraging me to run. My gratitude for your faith and trust in me could never be expressed properly in words. So, I make you this promise: that I will continue to voice my opinions loudly and help to shape our politician's thoughts. My ability to bring important economic and foreign policy issues to the forefront of the national dialogue is perhaps my greatest asset and one of the most valuable services I can provide to this country. I will continue to push our President and the country's policy makers to address the dire challenges arising from our unsustainable debt structure and increasing lack of global competitiveness. Issues, including getting tough on China and other countries that are methodically and systematically taking advantage of the United States, were seldom mentioned before I brought them to the forefront of the country's conversation. They are now being debated vigorously. I will also continue to push for job creation, an initiative that should be this country's top priority and something that I know a lot about. I will not shy away from expressing the opinions that so many of you share yet don't have a medium through which to articulate.

I look forward to supporting the candidate who is the most qualified to help us tackle our country's most important issues and am hopeful that, when this person emerges, he or she will have the courage to take on the challenges of the Office and be the agent of change that this country so desperately needs.

Thank you and God Bless America!

Donald J. Trump