Mary-Kate Olsen and Olivier Sarkozy engaged

Mary-Kate Olsen, 27, is engaged to Olivier Sarkozy, 44, the half-brother of former French President Nicolas Sarkozy, according to reports.

Mary-Kate and Sarkozy, who live together in a $6.25 million townhouse, first confirmed their relationship in 2012 and have been frequently sighted at basketball games in New York City ever since.

Although the wedding will be a first for Mary-Kate, the French banker was previously married to Charlotte Bernard. Together they had two children - Julien, 12, and Margo, 10.

A source told Us Weekly that Mary-Kate has helped Sarkozy become a better father, reminding him of the kids' activities.

"She thinks he is a great dad," the insider said.

The actress-turned-designer's family are also all praises when it comes to Olivier, the source told Us Weekly.

"They love him."

Mary-Kate's twin sister, Ashley, is also dating an older man - "Moneyball" director Bennett Miller, who is 47 years old.

Rumors first began circulating that Mary-Kate and Olivier were engaged after the actress was seen wearing a $350,000 12-carat marquise-cut diamond ring. The reports were immediately shot down in January by Gossip Cop, which cited a source who told Star that Mary-Kate was in no rush to get married. The source and "friend" continued, saying: "She didn't want to keep the ring, but Olivier insisted, so they are calling it a promise ring."

Representatives for Mary-Kate did not respond for comment to the Los Angeles Times.

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