Never say never. Michael Jackson’s troubled Neverland Ranch has found a new owner.
Billionaire 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.
Beyond 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. The estate first hit the market in 2015 for a whopping $100 million.
From that point forward, the spread languished on the market. In 2017, it returned for sale asking $67 million following a massive $33 million price cut. In 2019, it was listed for $31 million, the Journal added.
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