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MICHAEL JACKSON’S NEVERLAND RANCH SOLD FOR $22M

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Michael Jackson’s infamous Neverland Ranch has a new owner.

Billionaire Ron Burkle, co-founder of investment firm Yucaipa Companies and a former associate of Jackson, purchased the California property for $22 million.

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Burkle spent a pretty penny for the 2,700 acres and a nearly 12,000-square-foot mansion, but it was actually a steal

The Neverland Ranch was listed for a whopping $100 million in 2015, then it returned on sale two years later for $67 million following a massive $33 million price cut. According to the Wall Street Journal, it was listed for $31 million last year.

The ranch is packed with dope amenities like 50-seat movie theater, a basketball court and several guesthouses, which have been the subject of the Leaving Neverland documentary.

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Wade Robson and James Safechuck alleged the late singer abused them at his Neverland Ranch after previously defending him.

Hopefully Burkle can enjoy the property despite its reputation.

 

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