Real estate mogul and TV star Donald Trump just minutes ago announce he will not seek the Republican nomination to battle President Obama in 2012.

Report from CNN:

(CNN) – Real estate mogul Donald Trump will not run for the Republican presidential nomination, he said in a statement released Monday.

Full release:

“After considerable deliberation and reflection, I have decided not to pursue the office of the Presidency. This decision does not come easily or without regret; especially when my potential candidacy continues to be validated by ranking at the top of the Republican contenders in polls across the country. I maintain the strong conviction that if I were to run, I would be able to win the primary and ultimately, the general election. I have spent the past several months unofficially campaigning and recognize that running for public office cannot be done half heartedly. Ultimately, however, business is my greatest passion and I am not ready to leave the private sector.

Read Trump’s full statement here.

Personally I never thought The Donald would announce a run. He’d have to commit an awful lot of time to campaigning and give up so much of the life he’s accustomed to now.

Who benefits the most from Trump’s absence? In my opinion, Herman Cain could stand to gain. Sound off in the comments below.