milotic2 (milotic2) wrote in ohnotheydidnt,
milotic2
milotic2
ohnotheydidnt

Michael Jackson’s ranch sold for 1/5 of the original valued price



Neverland Ranch, former home of Michael Jackson, has been sold to billionaire, Ron Burkle, for $22 million after previously being listed in 2015 for $100 million.

Burkle is co-founder of private investment firm Yucaipa Companies. He also worked with Jackson before his death in 2009, as a "former business advisor".

Following the 2,700-acre property's $100 million listing in 2015, several price drops followed, including a $31 million asking price in 2019. Jackson purchased the ranch for $19.5 million in 1987.

Source 1
Tags: celebrity real estate, michael jackson / jackson family
Subscribe

  • Post a new comment

    Error

    Comments allowed for members only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 71 comments
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →