Billionaire Buys Michael Jackson’s Neverland Ranch In California

The singer originally paid about $19.5 million for the property in 1987


Michael Jackson’s onetime Neverland ranch has sold for $22 million to billionaire Ron Burkle, a onetime associate of the late pop star and co-founder of the investment firm Yucaipa Companies, according to public records and three people familiar with the deal.

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