Michael Jackson’s fabled Neverland estate is under new ownership. The legendary home of Jackson has been purchased for $22 million.
It was reportedly sold to Jackson’s one-time associate and billionaire co-founder of Yucaipa Cos. Ron Burkle — per the Wall Street Journal.
RELATED: Spike Lee Updates Michael Jackson’s ‘They Don’t Care About Us’ Video The expansive 2,700-acre property was listed for $100 million in 2015 before being dropped a number of times.
It was valued at $31 million as recently as 2019. Jackson originally purchased the ranch for an estimated $19.5 million in 1987.
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