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With all the money he's saved from firing people, Donald Trump may be bailing out Ed McMahon.
Trump has agreed to buy Ed's Bev Hills mansion, which McMahon is about to lose, and lease it back to him so Ed has a place to stay -- according to the L.A. Times.
We've confirmed Alex Davis of Hilton & Hyland, a top Bev Hills real estate firm, flew to NYC and made the appeal to The Donald.
According to the newspaper, Trump said, "When I was at the Wharton School of Business...I'd watch him every night. How could this happen?"
Unclear how much Donald will plunk down. The house was listed a while back for $7 mil but the asking price fell like a rock -- this weekend it was listed for $4.6 mil.
Reader Comments
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Typical Trump move. It's all about self promotion. And Ed will not learn his lesson.
Donald just found a forclosure deal that everyone is looking for...that's all. No hero here, just a business man who found a great house for cheap.
oh yes...this deal has success written all over! two old gits.
Sunny, well put. Donald could give less than a damn about Ed's situation and totally irresponsibility with his money. It's just a good deal and he's sell it when the market goes backup, and Ed's ass will be on the street.
I think it's great Trump is doing that. He sure has enough to help. It's a damn shame it has come to that for poor Ed McMahon. How many years does he has left? He should get to live them out without being humiliated. He is an American institution; a cultural icon. Best of luck to him.
I think it's a good faith gesture. It's really awful that it took Trump to come forward. I mean think about all of the wealthy celebs McMahon would have met over the years with Carson it it takes a New York based person to take care of it? Trump knows the Art of the Deal and hopefully he sends McMahon's wife on her way once McMahon passes on. At least he (McMahon) can have some peace of mind for the rest of his life.
As much as I dislike Trump, if this is a true gesture of help and friendship, then I say..."How nice!"But I still think Trump is a big ol' bag o' hot air!!!!
Ed doesn't deserve ANY help from ANYBODY. He and his money spending wife got into that situation themselves and shouldn't have any help getting out. Let them deal with it like everybody else does.
Did Ed talk to anyone regarding a Reverse Mortgage. Gets the money he needs now, doesn't pay if back until after death. The kids would sell the house and pay off the Mortgage.
Just when i thought i was content with hating Trump, he goes and does this. Now i have newfound respect for this guy.
Sandy hit the nail on the head, this is just "Trump change" and another fun little thing for Dumpster to get his name out there, he sure likes to bring up Wharton any chance he gets ! hahaha..oh well, just securing spots for the grandkids!!
