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Penguins owner buys Neverland Ranch for fraction of list price


New York Times News Service
December 28, 2020 2:26 pm
A billionaire former associate of Michael Jackson has purchased the pop star’s former home, Neverland Ranch.
Ron Burkle, cofounder of investment firm Yucaipa Cos., purchased the ranch for $22 million, The Wall Street Journal reported.
Ron Burkle rides along the victory parade route for the Pittsburgh Penguins NHL hockey team. Keith Srakocic/Associated Press/File 2016
A spokesman for Burkle, who previously served as a financial adviser for Jackson, said he viewed the investment as a land-banking opportunity. Burkle made his initial fortune buying and selling supermarkets in California. He is also a co-owner of the Pittsburgh Penguins hockey franchise. ....

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Michael Jackson Fast Facts


Michael Jackson Fast Facts
Personal
Death date: June 25, 2009
Birth place: Gary, Indiana
Father: Joseph Jackson, crane operator/The Jackson 5 manager
Mother: Katherine (Scruse) Jackson
Marriages: Debbie Rowe (November 15, 1996-October 8, 1999, divorced); Lisa-Marie Presley (May 18, 1994-January 18, 1996, divorced)
Children: with an anonymous surrogate: Prince Michael II (aka Blanket), 2002; with Debbie Rowe: Paris, April 3, 1998; Prince Michael Joseph Jr., February 12, 1997
Other Facts
Seventh of nine children.
His sister, Janet Jackson, is a Grammy award-winning singer and entertainer.
Began performing at age 5 with four of his five brothers (Marlon, Jermaine, Tito and Jackie), as The Jackson 5.
Nominated for 38 Grammy awards, with 13 wins. Posthumously honored with the Recording Academy’s Lifetime Achievement Award in 2010 and received the Grammy Legend Award in 1993. ....

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Michael Jackson's Neverland Ranch sold for K17 Billion


The property formerly known as Neverland Ranch, home to the late Michael Jackson, has been purchased by Pittsburgh Penguins co-owner Ron Burkle, Burkle’s spokesman confirmed to CNN Saturday.
Spokesman Frank Quintero did not confirm the purchase price, but The Wall Street Journal reported it was $22 million.
Burkle is also the co-founder of Yucaipa Companies, an investment firm.
Neverland Ranch — named after the fictional “Neverland” in the tale of Peter Pan, the boy who could never grow up — was purchased by Jackson in 1987 for $19.5 million.
The 2,700-acre estate once contained 22 structures, including an amusement house and a zoo which housed elephants, a giraffe, orangutans, and Jackson’s chimp Bubbles. ....

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Michael Jackson Neverland Ranch Sells For $22 Million


Michael Jackson Neverland Ranch Sells For $22 Million
Michael Jackson’s infamous Neverland Ranch has been purchased for $22 million.
Pittsburgh Penguins co-owner and investment banker Ron Burkle laid down the bucks for the Jackson property where it was alleged but never proven that Jackson committed horrific sex crimes against minors.
Neverland was initially listed for $131.4 million in 2014. By 2017 it was down to $88 million. In 2019, still without a buyer, the price dropped again to $40.7 million before finally being snapped up by Burkle for $22 million.($AUD28.9 million).
Jackson built Neverland at 5225 Figueroa Mountain Road in Los Olivos, California in 1988 and made it his home until 2005. The property was originally the Zaca Laderas Ranch, then renamed Sycamore Valley Ranch after it was purchased by William Bone in 1981. ....

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