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Michael Jackson Neverland Ranch Sells For $22 Million
Michael Jackson’s infamous Neverland Ranch has been purchased for $22 million.
Pittsburgh Penguins co-owner and investment banker Ron Burkle laid down the bucks for the Jackson property where it was alleged but never proven that Jackson committed horrific sex crimes against minors.
Neverland was initially listed for $131.4 million in 2014. By 2017 it was down to $88 million. In 2019, still without a buyer, the price dropped again to $40.7 million before finally being snapped up by Burkle for $22 million.($AUD28.9 million).
Jackson built Neverland at 5225 Figueroa Mountain Road in Los Olivos, California in 1988 and made it his home until 2005. The property was originally the Zaca Laderas Ranch, then renamed Sycamore Valley Ranch after it was purchased by William Bone in 1981.
Michael Jackson’s Neverland Ranch Finally Sells in $22 Million Deal
Billionaire Ron Burkle buys the estate/amusement park that once belonged to the king of popRoss A. Lincoln | December 24, 2020 @ 3:03 PM Last Updated: December 26, 2020 @ 12:15 PM
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A buyer has finally been found for the property once known as Michael Jackson’s Neverland ranch. Billionaire Ron Burkle recently purchased the 2,700-acre estate in Santa Barbara County, California, for $22 million, his spokesperson told NBC on Thursday.
Jackson bought the Los Olivos property, originally known as the Zaca Laderas Ranch before its name was changed to Sycamore Valley Ranch, in 1988. The late pop star first encountered the property in 1983 while filming the video for “Say, Say, Say,” the hit song he recorded with Paul McCartney.