This story was updated at 11:51 a.m.

Donald J. Trump, the real estate mogul and reality television celebrity, announced Tuesday that he would seek the Republican presidential nomination."We need somebody that literally will take this country and make it great again. We can do that," Trump told a crowd of supporters at the eponymous Trump Tower in New York. "So ladies and gentlemen, I am officially running for president of the United States."

The tycoon's announcement, according to people familiar with his plans, is set to be followed by the release of a self-drafted financial summary of his assets, including an outline of his debts. Robert Costa and Matea Gold had a preview Monday:

Trump’s speech announcing his decision is likely to center on his career and fortune. He is expected to cast himself as an entrepreneur and outsider eager to tangle with the party establishment and U.S. economic rivals abroad, such as China.

The financial statement drafted by his office is aimed at demonstrating his success as a businessman, as well as proving to skeptical GOP leaders that he is willing to disclose as much as other candidates at this stage.

Trump has publicly flirted with a White House bid for several campaign cycles, with critics dismissing the highly public decision-making process as attempts to increase his media exposure.

But Trump began indicating earlier this year that he was seriously considering a 2016 run. In addition to launching a presidential exploratory committee in March, he also decided in March to delay production on his long-running reality show, "The Apprentice," in order to focus his efforts on a potential campaign. In February, he began hiring staff in early voting states.

Trump enters the race with nearly unmatched name recognition and a powerful real estate brand -- but a reputation for a quick temper and attention-grabbing celebrity feuds.

Trump has frequently found himself embroiled in seemingly trivial spats with various public figures, including Arianna Huffington, Rosie O’Donnell and Cher. His bluntness was directed at allies as well. In 2012, after serving as a surrogate for GOP presidential candidate Mitt Romney, he questioned the campaign's strategy. "Romney campaign used me in 6 primary states and won every one - they should have used me in Florida and Ohio & he would be President," he tweeted.


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