LOS ANGELES — Michael Jackson’s famed Neverland Ranch in California has finally sold, more than 10 years after the death of the pop star who abandoned the property following his trial on charges of molesting a young boy there.
Billionaire investor Ron Burkle, a former family friend of Jackson, recently bought the sprawling 2,700 acres (1,100 hectares) estate, his spokesman said on Thursday.
The Wall Street Journal said the estate, which was renamed Sycamore Valley Ranch several years ago, sold for $22 million according to public records. In 2015, the asking price was $100 million and in 2017 it was re-listed for $67 million.
Burkle’s spokesman said the businessman saw the inve…
Keep on reading: Michael Jackson’s Neverland Ranch sold for knockdown price