Is Donald Trump gearing up for a new career in politics?

During a recent interview, the 68-year-old business mogul revealed he was looking "very seriously" at running for President in 2016, but admitted he hadn't yet made an official decision.

"I'll be making a decision as to whether or not I'll run for president in the very near future," The Donald said on Tuesday, Jan. 27.

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Donald speaking at The Conservative Political Action Conference in March 2014.

Donald has considered running for office since the 1980s, and began making sizable financial contributions to both Republican and Democratic candidates' presidential campaigns in the early 1990s.

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In 2013, 'The Apprentice' star reportedly spent more than $1 million to research a possible 2016 presidential run.

The father-of-five spoke with 'ET Online.'