Home / Arts and Entertainment / Neverland Ranch: From Fairy Tale to $22M Sale
Neverland Ranch: From Fairy Tale to $22M Sale
28 Apr
Summary
- Michael Jackson's Neverland ranch, a 2,700-acre estate, sold for $22 million in 2020.
- The property featured a theme park, zoo, and train station, costing millions annually to maintain.
- After legal issues and Jackson's death, the ranch was sold by his financial advisor.
Michael Jackson's Neverland ranch, a 2,700-acre estate once designed as a personal fairy tale, has been sold. The property, which included a theme park, a zoo, and a train station, was purchased by the singer in 1988. It remained his home for nearly two decades, with annual maintenance costs reportedly around £1.2 million.
Following police raids in 2003 and Jackson's acquittal in 2005, he vowed never to return to the ranch. After his death in 2009, the estate, previously known as Sycamore Valley Ranch, was managed by a fund company. Assets were removed, and in 2020, the property was sold for $22 million to investment billionaire Ron Burkle.
