Jackson’s ranch, Neverland, has a new owner: an American billionaire

Jackson, the late “king of pop music,” turned his ranch into a large fenced-in property into a fabulous park, installing a toy railroad, a viewing circle, and housing orangutans. On this ranch, he wrote some of his most popular works. But Neverland is also famous because Jackson invites children to visit or spend the night. The singer has been accused of abusing young children on this ranch. After Jackson’s death in 2009, the property was renamed Sycamore Valley Ranch.

Montana-based entrepreneur R. Burle’s investment covers many areas, from supermarkets to the entertainment business. The acquisition of the ranch was an “opportunity for him to invest in the land,” a spokesman for a businessman told AFP. A source familiar with the deal confirmed to the AFP news agency that the published price is roughly correct, but significantly lower than in 2015, when $ 100 million was requested for the stake. AMERICAN DOLLAR.

This price, which real estate sellers called “optimistic,” fell to $ 31 million last year. dollars, but the ranch has yet to be sold and was eventually taken off the market. Burkle had recently traveled to the region to look for real estate elsewhere in his chain of private clubs, Soho House, and contacted its owner after seeing the ranch, a spokesperson said. Jackson paid $ 19.5 million for a ranch in the 1990s. US DOLLAR.

In 2008, when the forecaster was unable to repay the loan, a real estate investment company acquired it for $ 22.5 million. AMERICAN DOLLAR. Burkle previously advised Jackson on business matters, including how to pay off debts resulting from his extremely expensive lifestyle prior to his death. Located over 1,000 miles 65 miles from Santa Barbara. The estate has a main house with six bedrooms, three guest houses, a waterfall lake, tennis courts, several barns and animal buildings.

In 2003, during an investigation into a child abuse case, a ranch was searched and the police confiscated a large amount of pornography and images of naked children. In 2005, the singer was acquitted in this case.

Last year, the HBO television channel showed the documentary Leaving Neverland, in which two men claim that Jackson was sexually abused as a child throughout the ranch area, including the attic, master bedroom and pool. The two-part film attracted a lot of interest and forced the Jackson family to raise $ 100 million. (88 million euros) to HBO. Jackson denied the charges against him, as did his family.