Michael Jackson’s Neverland Ranch Sold For £16.2m

Ron Burkle, a billionaire property investor, has just bought Michael Jackson’s 2,700-acre ‘Neverland’ ranch in Los Olivos, California, for £16.2m ($22m), which is one-quarter of the properties original asking price in 2015, according to The Wall Street Journal.

The property – which is named after the fictional island in the JM Barrie, Peter Pan novel, where children never grew up – has dropped in price from the original $100m, with Jacko having paid around £14.3m ($19.5m) for the Santa Barbara ranch at the height of his Thriller fame in 1987, and turning it into an entertainment complex, with a fairground, a zoo, and many other facilities where he could entertain friends and families.

‘Neverland’ had been renamed ‘Sycamore Valley Ranch’, and undergone a transformation, after the child sexual assault allegations in the 1990s and 2000s against MJ, and he had never returned to the ranch up until his death in 2009, from a suspected drug overdose.

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