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Michael Jackson’s dream estate sold to billionaire



The Neverland Ranch of Michael Jackson, California, has found a new owner among billionaire businessman Ron Burkle.

A Berkeley spokesperson said in an email on Thursday that Burkel views the 2,700 acres of land in Los Olivos near Santa Barbara as a land reserve opportunity.

“Wall Street Journal” report The property was sold to Burkle, a partner of the late pop star and co-founder of investment firm Yucaipa Companies, for $22 million.

The asking price of the property was US$1

00 million in 2016 and then fell to US$67 million a year later.

In addition to the main residence of 12,500 square feet and the pool house of 3,700 square feet, the hotel also has a separate building with a 50-seat cinema and a dance studio.

Other features on the ranch are the “Disney-style” train station, fire station and barn.

A Burkel spokesperson said the billionaire has been staring at Zaca Lake, which is adjacent to the property, looking for a new Soho House, a membership club located in Los Angeles, Miami, New York and Toronto. . Burkle finally decided that the location was too remote and expensive for the club.

Burkle is the controlling shareholder of Soho House.

After seeing the property from the air, Burkel made an offer to buy it.


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