President-elect Donald Trump says he will be leaving his far-flung business empire "in total" to focus on running the country.

Trump is to outline the handover plan with his family in a news conference on December 15th. Under pressure to avoid any appearance of a conflict of interest, Trump announced his plans in a series of tweets but did not explain exactly what he would be doing with his assets.

Trump added he is not required by law to alter his relationship with his business, but feels it is visually important, as President, to have no conflict of interests.