AceShowbiz -

Donald Trump sets the record straight on the rumors that he's still heavily involved on "The Apprentice" and "The Celebrity Apprentice". Despite his previous statement that he would leave his business totally to his children, he is reported to maintain his executive producer credit on the reality competition series while he's in the White House.

"I have NOTHING to do with The Apprentice except for fact that I conceived it with Mark B & have a big stake in it. Will devote ZERO TIME!" the President-elect of the United States tweeted. "Reports by @CNN that I will be working on The Apprentice during my Presidency, even part time, are ridiculous & untrue - FAKE NEWS!"

Meanwhile, Arnold Schwarzenegger who replaced Trump on the show defended his predecessor. "I knew from the beginning that [Trump] is executive producer on the show," he said. "It is no different than when I was governor. My credit on Terminator said 'Arnold Schwarzenegger' when I was governor. I made royalties. That didn't change."

"It's not a political show. We make no comments about politics," he added. "When I was building a career in Hollywood and I was a Republican, everyone said, 'Arnold you are going to fail because Hollywood is a very liberal town.' My beliefs are my beliefs. And you know what? They don't judge you by your politics in the end. People went to see my movies because they enjoyed the movies."