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Donald Trump announces he will run for president in 2016

It's official: Donald Trump will run for president in 2016.

The real-estate developer, reality TV star and golf-course owner announced his plans Tuesday at Trump Tower in Manhattan. Trump, 69, had considered running for president on five previous occasions dating to 1988.

During his announcement, Trump touched on a variety of topics, including Iran, fellow Republican candidates, improving infrastructure in the U.S., and Medicare, Medicaid and Social Security.

Campaign officials were set to release Trump's financial details, something required of all presidential candidates, later Tuesday. A source told The Associated Press that the number is expected to be $9 billion.