Five years after Michael Jackson’s infamous Neverland ranch was listed for $100 million it has been bought by businessman Ron Burkle for just $22 million, but what does the estate look like now?
Since his sudden death in 2009, Michael Jackson’s famous Neverland ranch has been lying empty
News has now emerged that despite the 2,800-acre Californian property previously being put on the market for $100 million in 2016, it has now been bought for a mere $22 million by billionaire businessman Ron Burkle.
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A business advisor to Jackson in the mid-2000s, Mr Burkle helped The King of Pop when he struggled with debt after racking up huge bills to fund his lavish lifestyle.
Michael Jackson bought Neverland for $17 million in 1988 and reportedly spent over $35 million adapting it into the theme park of his dreams, which included building a Ferris wheel, train station and go-kart track, but the estate has laid empty and dilapidated since the pop star’s death
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According to the Wall Street Journal, Ron Burkle owns over 1,000 acres in California and has bought Neverland – now named Sycamore Valley Ranch – as “a land bank opportunity” and has no immediate plans to build or apat the property.
The huge ranch received fresh attention due to the documentary Leaving Neverland – which alleged Michael Jackson sexually abused two boys two decades ago, despite attempts from Jackson’s family and estate to block it.
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Michael Jackson lived at Neverland for 15 years after buying it in 1988 for between $19.5 million and $30 million .
But where is Neverland and what is the history of the infamous property?
Where is Neverland?
The home is a developed property in Santa Barbara County, California.
It is located at 5225 Figueroa Mountain Road, Los Olivos, California 93441, on the edge of Los Padres National Forest.
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The Santa Barbara County Assessor’s office says the ranch is approximately 2,800 acres (1100 hectares)