Donald Trump Has Spent $1 Million on Election Research

Mulling run for president in 2016

NEW YORK, May 27 (UPI) -- U.S. business mogul Donald Trump has spent more than $1 million researching a potential run for president in 2016, the New York Post reported Monday.

Sources told the Post that Trump has been asked to speak at more Republican events, such as the Oakland County Republican Party Lincoln Day Dinner in Novi, Mich., last week that drew a crowd of 2,300.

"Everybody tells me, 'Please run for president. Please run for president.' I would be much happier if a great and competent person came along," Trump reportedly told those who attended the GOP event. "I'd be happy if President Obama did a great job. I'm a Republican, but before anything, I love this country. I would love to see somebody come in who is going to be great."