The co-defendant in the the Tulisa Contostavlos trial has also walked free after the judge decided the case against him could not proceed.
Rapper Michael Coombs, whose stage name is Mike GLC, had pleaded guilty before the trial to supplying half a gram of cocaine to undercover reporter Mazher Mahmood.
On hearing the decision the 36-year-old reportedly wept and hugged his defence barrister, Jeremy Dein QC.
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The former reality TV star will follow in the footsteps of Abraham Lincoln and John F Kennedy when he takes his oath later on Friday.
The President-elect's comments on Twitter will come under even closer scrutiny when he takes office on Friday.
Cold, quiet and calm