The socialite was woken up by a strange noise last August (10) and discovered a man holding two large knives and trying to gain entry to her house.
Cops arrested the intruder in the star's garden and reports suggested nightclub mogul Waits initially stopped the burglary by pulling a gun on the suspect before he could get inside.
Hilton has now opened up about the incident, confirming Waits threatened the man with a weapon - and insisting his actions saved her life.
She tells E! Online, ""He's so loyal and I feel so safe. He's my hero. He saved my life when that guy came with two big knives.
""Thank God he had a gun with him and he had to literally put it to the guy's head. We waited a half-hour for police to come.""
Nathan Lee Parada has pleaded not guilty to a felony burglary charge and is awaiting trial.