Watch Stephen Colbert's spot-on parody of Donald Trump's unhinged presidential announcement

Stephen Colbert
(Image credit: Youtube/TheLateNightShowWithStephenColbert)

Donald Trump's long-awaited presidential announcement on Tuesday was a godsend for late-night pundits, who have already begun to sharpen their impressions of The Donald. But just because Stephen Colbert is in between late-night gigs doesn't mean he's going to wait to pile on America's favorite alleged billionaire with a comb-over.

"Oh yeah, I'm really rich. Really! And I'm not ashamed of it," Colbert brags in his best Trumpian accent. The best part, though, is that that line isn't even that far off from what Trump actually said about his wealth. Colbert spends the six-minute clip perfectly parodying Trump's announcement, at one point even literally frothing at the mouth:

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Samantha Rollins is TheWeek.com's news editor. She has previously worked for The New York Times and TIME and is a graduate of Northwestern University's Medill School of Journalism.