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Michael Jackson's Neverland Ranch Sells For $22M

Pittsburgh Penguins co-owner and billionaire investor Ron Burkle has paid $22 million for the estate once known as Michael Jackson’s Neverland Ranch.
The 2,700-acre estate named after the magical Peter Pan universe where children do not grow up was first listed for $100 million in 2014 and has been on and off the market since since then. Jackson first bought it in 1987 for $19.5 million and built it to look like an amusement park it once had a Ferris Wheel, a mini-railroad, waterfalls, a movie theater and a zoo full of elephants, giraffes and chimpanzees.
The ranch, which is located 40 miles from California’s Santa Barbara in Los Olivos and has been rebranded as Sycamore Valley Ranch, was cut in price to $67 million in 2017, and then slashed again in 2019 to $31 million. ....

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Michael Jackson's Neverland Ranch finally sold for less than 1/4 of its original price after more than 5 years. Look inside the 2,700-acre property that was once asking $100 million.

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Michael Jackson s Neverland Ranch finally sold for less than 1/4 of its original price after more than 5 years. Look inside the 2,700-acre property that was once asking $100 million.
Michael Jackson s Neverland Ranch finally sold for less than 1/4 of its original price after more than 5 years. Look inside the 2,700-acre property that was once asking $100 million.https://www.businessinsider.in/thelife/news/michael-jacksonaposs-neverland-ranch-finally-sold-for-less-than-1/4-of-its-original-price-after-more-than-5-years-look-inside-the-2700-acre-property-that-was-once-asking-100-million-/slidelist/79987212.cms2020-12-28T14:52:50+05:30
2020-12-28T10:47:03+05:30
Michael Jackson s Neverland Ranch finally sold for less than 1/4 of its original price after more than 5 years. Look inside the 2,700-acre property that was once asking $100 million. ....

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Michael Jackson's Neverland Ranch sold for 78 million less than the original asking price

The Beat 92.5
Michael Jackson s Neverland Ranch sold for 78 million less than the original asking price
By Rick Da Conceicao
George Rose / Contributor / Getty Images Entertainment / Getty Images
The California property once known as Michael Jackson s Neverland Ranch has been purchased by billionaire and former Jackson family friend Ron Burkle.
The original asking price of the Neverland property was $100 million and later dropped to $67 million a year later. While spokesman Frank Quintero did not confirm the purchase price, The Wall Street Journal did report the 1,100-hectare estate (renamed Sycamore Valley Ranch), sold for $22 million.
Neverland Ranch named after the fictional Neverland in the tale of Peter Pan was purchased by the King of Pop in 1987 for $19.5 million. Jackson discovered the location with Paul McCartney when both men were filming the music video for their duet “Say Say Say.” ....

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'A perfect situation for a paedophile': how Michael Jackson built Neverland

Neverland s gates in 2008, when the park was abandoned
There was Thriller, and there was Bad, and then there was Neverland. Michael Jackson was a pop star, but it was a fantastical playground – which has just sold to American billionaire businessman Ronald Burkle for $78m below its original asking price – that he became known for creating.
Throughout the Nineties, Neverland, the enormous 2,700-acre retreat nestled in the wilds of California’s Santa Ynez valley, became an integral part of Jackson’s image as an extraordinarily talented lost boy, a showbiz titan without a childhood who grew up to share his absent youth with the more needy. ....

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Michael Jackson's Neverland Ranch sold to Pittsburgh Penguins co-owner Ron Burkle

Michael Jackson’s Neverland Ranch sold to Pittsburgh Penguins co-owner Ron Burkle
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.
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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