By Trace William Cowen, Yahoo Entertainment | Neverland Ranch – the former home of the late Michael Jackson, has been sold to a billionaire for $22 million after previously being listed back in 2015 for $100 million.
The ranch has been sold to Ron Burkle, per the Wall Street Journal, who cited public records and several people familiar with the details of the agreement in a report on Thursday. Burkle is the co-founder of the private investment firm Yucaipa Companies. He also worked closely with Jackson in the years before his death in 2009, with TMZ describing him in a separate report as a “former business advisor” to the singer.
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