Real estate mogul Donald Trump reportedly is buying television personality Ed McMahon's Beverly Hills, Calif., house to save it from foreclosure.
McMahon, 85, will be allowed to keep living there, as Trump plans to lease the home back to him, the report said.
Trump told The Times it "would be an honor" to help McMahon out.
"I don't know the man, but I grew up watching him on TV," Trump told the newspaper. "When I was at the Wharton School of Business, I'd watch him every night. How could this happen?"