Michael Jackson’s Neverland Ranch in California has found a new owner in billionaire 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. The asking price of the property was $100 million in 2016 then dropped to $67 million a year later. Other features on the ranch are a “Disney-style" train station, a fire house and barn. Burkle is the controlling shareholder of Soho House.

Source: Mint December 25, 2020 12:07 UTC