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What s Next for Michael Jackson s Former Neverland Ranch? What s Next for Michael Jackson s Former Neverland Ranch? The Southern California ranch known as Neverland that was owned by the late star Michael Jackson has finally been sold. What will happen to the property? Claudine Zap, provided by FacebookTwitterEmail Michael Jackson has finally been sold. The investor and billionaire Ron Burkle snagged the ranch for $22 million, according to the Wall Street Journal. He paid less than a quarter of the property s original asking price of $100 million. The discounted price dovetails with a hot market for large-acreage land grabs. “Demand for property, especially more self-contained properties, is greater than ever,” says

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