Michael Jackson World Network Fan Club

Neverland Valley Ranch Has Sold

Michael’s Neverland Valley Ranch in Los Olivos, California has finally sold. The buyer, Ron Burkle, who is a billionaire and has been reported as once being an associate of Michael’s, is reported to have paid $22 million for the property.

The ranch was owned by the Michael Jackson Estate along with a fund managed by Colony Capital.

Michael paid around $19.5 million for the property back in 1987.

Source: Wall Street Journal & MJWN

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