Michael Jackson’s Neverland Ranch has been sold
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nme.comMichael Jackson’s Neverland Ranch has been sold to billionaire Ron Burkle, it has been reported.The property, which spans 2,700 acres, is located in Los Olivos, near Santa Barbara, California.According to the Wall Street Journal, the ranch was sold for $22million (£16.4m) to Burkle, who is the majority shareholder of the members-only club Soho House.
He is also said to be a former associate of Jackson’s.A spokesperson for Burkle said he had been interested in neighbouring Zaca Lake to create a new branch of the club – which has locations in London, LA, New York, Miami and Toronto – on, but decided it was too remote and expensive.Neverland’s value has plummeted over the last four years.
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