What happened to Michael Jacksons home Neverland?
What happened to Michael Jacksons home Neverland?
Michael Jackson, accused of child molestation, holds a press conference at his Neverland Ranch in Los Olivos. Following the accusations in 2003, Jackson abandoned the property for good and never visited again. By 2008, Neverland Ranch was in foreclosure and headed for a decade and a half of neglect and disrepair.
Why was Michael Jackson called Neverland?
Jackson bought the ranch, a 2,700-acre property in Los Olivos, Calif, about 125 miles northwest of Los Angeles, for about $17 million in 1988. He named it Neverland Ranch, after the mythical island home of Peter Pan, the boy who never grew up.
Did the Jackson family sell Neverland?
Both sell, eventually. At long last, Michael Jackson’s notorious Neverland Ranch found a willing buyer. Investment billionaire Ron Burkle, a friend of the late pop star, purchased the notorious 2,700-acre property in Santa Ynez Valley for a $22 million bargain.
Who owns Neverland now 2022?
businessman Ron Burkle. Burkle views the 2,700-acre property in Los Olivos, near Santa Barbara, as a land banking opportunity, his spokesman said Thursday in an email.
