Trump did a round of TV interviews to talk about the possibility of making a presidential run in 2012.
He declared himself a Republican and told the Fox News Channel: 'For the first time in my life, I'm actually thinking about it (running for president).'
Asked by MSNBC when will he make his decision, Trump gave little away, but added: 'Well, I'll make it over a period of time.'
The 64-year-old, three-times married property tycoon is a larger-than-life figure in the U.S. whose company operates a string of resorts and casinos.
Trump, sometimes known simply as 'The Donald,' nurtures his celebrity status by hosting a popular reality show, The Apprentice, as well as The Fabulous World of Golf.
Trump told MSNBC: 'I'd love not do it, (run for president), but the country has so many problems, such as the erosion of the manufacturing base to foreign competitors.
'The United States doesn't really make things anymore.'
The Republican Party is looking at a dozen or so potential candidates for the right to challenge Democratic President Barack Obama in 2012, such as Minnesota Governor Tim Pawlenty, former Massachusetts Governor Mitt Romney and former Alaska Governor Sarah Palin.
Trump did not rule out the possibility of running under the banner of the Tea Party, the conservative movement that so far is seen as a sub-group of the Republican Party but which some experts believe could emerge as a third party.
He said: 'I am a Republican but have great respect for what the Tea Party has done because they have brought to light what's going on. I mean, we have trillion-dollar deficits... the country is going bankrupt, let's face it.'
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