Ron Burkle Buys Michael Jackson's Neverland Ranch
Michael Jackson’s “Neverland Ranch” has found a buyer: Billionaire investor Ron Burkle (Getty, Redfin) Billionaire investor Ron Burkle has purchased Michael Jackson’s former “Neverland Ranch” for $22 million, a far cry from the $100 million the sprawling estate was once asking. Property records spotted by the Wall Street Journal show that a “Remember LLC” bought the 2,600-acre Santa Barbara County plot on Dec. 17, and the publication traced that LLC back to Burkle. The seller is a joint venture between the late pop megastar’s estate and Colony Capital, which bought the note ...
Source: therealdeal.com