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ID: 17519558
NTB-AFP
The late Michael Jackson’s Neverland estate in Santa Barbara, California, was sold for around $ 22 million to billionaire Ron Burkle.
The price means that the property has dropped significantly in price, after it was put up for sale in 2015. At that time, the estimated price was $ 100 million, more than 870 million crowns at the current price. Last year the price was lowered to $ 31 million, but the property has yet to be sold and was later taken off the market.
Also read: Elton John on Michael Jackson: – He was mentally ill
Jackson turned the property into an amusement park. There he also wrote some of his famous songs. But Neverland also became known as the place where Jackson was accused of abusing young children. After Jackson’s death in 2009, Neverland changed its name to Sycamore Valley Ranch.
Burkle is a businessman from Montana. He has invested in various industries, from grocery stores to the entertainment industry. Burkle was a former Jackson business consultant.
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