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Donald Trump has finally made an official announcement about his plans for the 2012 presidential race and the future of his hit reality show, Celebrity Apprentice.

And it looks like the mogul will not be dedicating his time for a seat in the Oval Office.

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“This will be the 12th season,” The Donald said at NBC’s presentation on Monday, via Entertainment Weekly. “I love Celebrity Apprentice. We’ve raised tens of millions. I’ve decided we are going to continue on with the Celebrity Apprentice. I will not be running for president, as much as I’d like to.”

NBC Entertainment Chairman Robert Greenblatt offered to replace Donald as host of the Celebrity Apprentice, if the businessman decided to run for office.

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“It’s the right and privilege of anyone to run for the highest office of the land,” Greenblatt shared with reporters. “Nothing would make me happier than for someone to reach that.”

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