Michael Jackson’s Neverland Ranch Sells to Billionaire Ron Burkle.
Michael Jackson’s Neverland Ranch has reportedly sold to Billionaire Ron Burkle for $22m, less than a quarter of its initially asked price of $100m.
The property in Los Olivos, California, was home to the late pop star from 1987, when he was at the height of his fame, to the time of his death in June 2009. He died of a drug overdose at a different home in the Holmby Hills neighborhood of Los Angeles.
Of the two Jackson properties, Neverland, set on 2,698 acres of land, was far better known. During the 1990s, Santa Barbara county prosecutors searched the ranch, describing it as a fantasy world that Jackson built to lure boys to the property to molest them. Jackson was acquitted in that case.
Ron Burkle was a advisor to Jackson on business matters in the mid 2000s. The pop star died in 2009.
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