In 2017, it returned for sale asking $67 million following a massive $33 million price cut. The estate first hit the market in 2015 for a whopping $100 million.įrom that point forward, the spread languished on the market. Michael Jackson’s troubled Neverland Ranch has found a new owner.īillionaire Ron Burkle, co-founder of investment firm Yucaipa Companies and a former associate of Jackson, has purchased the Los Olivos, Calif., property for $22 million, the Wall Street Journal reports.īeyond snagging himself roughly 2,700 acres and a nearly 12,000-square-foot mansion - among the many structures on the estate - Burkle also got a deal. Janet Jackson claims Michael called her a ‘pig, cow and horse’ in new doc ‘MJ’ review: Michael Jackson Broadway show sanitizes his life and musicĭavid Bowie offered a young Michael Jackson drugs: new Janet doc Haters tease Michael Jackson look-alike: ‘Your mom is Billie Jean’
