Donald Trump to Become Ed McMahon's Landlord

by Laura Gosselin | August 15th, 2008

Donald Trump is rescuing Ed McMahon. (NBC Image)

Donald Trump announced today that he will be Ed McMahon's knight in shining armor.

Johnny Carson's Tonight Show sidekick and Publisher's Clearing House king Ed McMahon has been on the verge of losing his multi-million-dollar Beverly Hills mansion for some time now. The 85-year-old and his wife, Pamela, have been $644,000 in arrears on a $4.8 million loan for his six-bedroom home. The house was on sale last weekend for $4.6 million.

"When I was at the Wharton School of Business I'd watch him every night," Trump told the Times. "How could this happen?"

Trump is buying McMahon's home for an undisclosed amount and leasing it back to McMahon.

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