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At a much lower price than the original, his famous Neverland Ranch was finally sold. Michael jackson in California, more than 10 years after the death of the pop star, who had abandoned her after being accused of sexually abusing young boys in this house.
Billionaire investor Ron Barkle, a former friend of the Jackson family, recently purchased the 11,000-acre property, its spokesperson revealed today.
The Wall Street Journal writes that the Chicago Valley Ranch, as it was renamed a few years ago, sold for $ 22 million. In 2015 it was for sale for 100 million, while two years later the price dropped to 67 million, after no buyer was found.
A Barclays spokesman said the businessman bought it as an investment. He saw it from the air while researching elsewhere and contacted the founder of real estate investment firm Colony Capital LLC to buy it.
Jackson, who died of an anesthetic overdose in 2009At the age of 50, he purchased the ranch, located in the Los Olivos area, about 190 miles north of Los Angeles, for $ 19.5 million in 1988. After financial difficulties, he turned over the title to Colony Capital LLC in 2008.
At NeverlandJackson was hosting young children, one of whom was accused a few years later of sexual abuse. Although he was acquitted at his trial in 2005, he vowed never to return to the ranch.
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