Ed McMahon’s house was on the verge of foreclosure until Donald Trump swooped in and decided to save him. Trump worked out a plan with McMahon to buy his house and lease it right back to him. People reports:
“Trump, who does not know McMahon personally, said it “would be an honor” to help out the man who spent three decades as Johnny Carson’s sidekick on The Tonight Show. “When I was at the Wharton School of Business I’d watch him every night.”
Trump told The Los Angeles Times, “”When I was at the Wharton School of Business. I’d watch him every night. How could this happen? I don’t know the man, but I grew up watching him on TV.”
McMahon, 85, bought the six-bedroom house in January 1990. Down from a peak price of $7 million. This past weekend the price was listed at $4.6 million. He’s $640,000 behind on a $4.8 million loan. Trump is truly a saint to McMahon.
