Mitt Romney, who is running for the Republican presidential nomination, said on Tuesday that he would donate all of his salary to charity if he is elected president, the Associated Press reports.

Mr. Romney, the wealthiest of all the candidates running for president, has assets estimated at $190-million to $250-million.

Mr. Romney said he would likely accept the presidential salary of $400,000 annually but would donate the money to charity. While serving as governor of Massachusetts, he declined his $135,000 annual salary.

As a member of the Church of Jesus Christ of Latter-day Saints, Mr. Romney, like other Mormons, is expected to donate 10 percent of his salary to the church annually.