Once Asking $100 Million, Michael Jackson’s Neverland Ranch Sells to Billionaire Ron Burkle for $22 Million


I could never live on any kind of property knowing that Aaron Carter and Macauley Culkin might very well have gotten cornholed there.
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.

The property, located about 40 miles from Santa Barbara, had been on and off the market for years, first listing for $100 million in 2015 and undergoing several price cuts. It was listed for $31 million last year, The Wall Street Journal reported.
MJ apparently bought the property for like $20 million and then had $40 million or so put into building a movie theater, zoo etc etc there. Looks like this guy got a deal. But I still wouldn't want to be somewhere Aaron Carter probably got cornholed.

Mr. Jackson made Neverland famous by installing quirky features like a railroad and an amusement park, which included a Ferris wheel and a merry-go-round. He also kept orangutans and an elephant there. A whimsical floral clock in the front of the property spelled out “Neverland.” The ranch was named for the fantasy world in J.M. Barrie’s “Peter Pan.”

The Los Olivos property spans about 2,700 acres and includes about 22 structures, including a 12,000-square-foot Normandy-style mansion. There are also several guesthouses, a swimming pool with a cabana, a basketball court, a tennis court and a 50-seat movie theater, The Wall Street Journal reported when the property came on the market.
https://www.wsj.com/articles/once-as...on-11608817380