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OR Michael Jackson’s ranch, Neverland, California, was bought by US billionaire Ron Burkle for about $ 22 million (18 million euros), well below the original sale price, his spokesman said Thursday. .
Burkle, a Montana businessman, has investments ranging from supermarkets to the music industry.
Burkle He had also served as a business advisor to Michael Jackson, helping him, among other things, to pay off the large debts accumulated due to his lifestyle in the years before his death.
In 2015, the ranch of the pop star, who died in 2009, was valued at $ 100 million.
Last year, the price had already dropped to $ 31 million, but the property had not found a buyer.
According to media reports, Michael Jackson bought the property for $ 19.5 million in the 1980s.
Heavily in debt, just before his death in 2009, the star had sold the property to Thomas Barrack Jr.’s Colony Capital Investment for $ 22.5 million.
Located on a 1,100 hectare parcel 65 kilometers from Santa Barbara, the ranch features a main house with six bedrooms, three guest houses, a waterfall lake, tennis courts, several barns and animal shelters.
She was attacked by investigators in 2003, when the star was accused of abusing the children she had fostered in her home. The police found a large collection of pornographic images and photographs of naked children.
Jackson was acquitted in 2005.
A recent documentary by HBO, “Leaving Neverland“reports the testimony of two men who claim to have been sexually abused by Michael Jackson as children.
Michael Jackson’s heirs, who deny the charges, sued the HBO for “posthumous murder” and seeking more than $ 100 million in compensation.
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