Entertainment

Michael Jackson’s Neverland Ranch Home Sold To Burkle

Michael Jackson's Neverland Ranch Home Sold To Burkle

Michael Jackson’s Neverland Ranch home in Santa Ynez, Calif. Jackson’s Neverland Ranch has found a new owner in

billionaire businessman Ron Burkle. Burkle’s spokesman said in an email Thursday, Dec. 24, 2020, that Burkle bought the 2,700-acre property near Santa Barbara, California. (AP Photo/Mark J. Terrill, file)

The 2,700-acre property was sold for $22 million to billionaire Ron Burkle, an associate of the late pop star and co-founder of the investment firm Yucaipa Companies.

Michael Jackson's Neverland Ranch Home Sold To Burkle

The asking price of the property was $100 million in 2016 then dropped to $67 million a year later.

In addition to a 12,500 square-foot main residence and a 3,700 square-foot pool house, the property boasts a separate building with a 50-seat movie theater and a dance studio.

Other features on the ranch are a “Disney-style” train station, a fire house and barn.

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Omotunde Alata

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