Entertainment
Michael Jackson’s Neverland Ranch sold to billionaire Ron Burkle for $28.8 million – ABC News
Billionaire businessman Ron Burkle, an associate of the late pop star and the co-founder of the investment firm Yucaipa Companies, buys the property for much less…
Michael Jackson’s Neverland Ranch in California has found a new owner in billionaire businessman Ron Burkle.
- The property sold for $28.96 million but had an asking price of $131.5 million four years ago
- Mr Burkle, the co-founder of an investment firm, was an associate of Jackson
- He views the property as a land banking (future investment) opportunity, according to a spokesman
The Wall Street Journal reported the property was sold for $US22 million ($28.96 million) to Mr Burkle, an associate of the…
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