Michael Jackson’s Famous Neverland Ranch Sold for 22 Million Dollars
Neverland Ranch, residence of the late Pop megastar, Michael Jackson’s has been sold for 22 Million dollars. The 2,700-acre Southern California ranch was sold to Ron Burkle.
Billionaire Burkle, whose networth is estimated at 1.5 billion dollars, according to Forbes magazine, was a friend of Jackson. He is also co-owner of the Pittsburgh Penguins.
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Neverland was first put on the market in 2015, six years after the death of the famous entertainer. It was made available for 100 million dollars, but attempts to sell the ranch proved abortive especially given reports of sexual misconduct pitted against Michael Jackson with children in the ranch.
According to reports, Burkle was flying over the area when he saw it and called Colony’s founder, Tom Barrack. He offered to buy Neverland, even though it wasn’t up for sale.