Michael Jackson’s Neverland Ranch Sold for $22 Million USD

In the wake of the many sexual abuse allegations and lawsuits that plagued Michael Jackson until his death in 2009, his infamous Neverland Ranch property was renamed Sycamore Valley Ranch by its co-owners, Jackson’s estate and real estate investment trust Colony Capital. However, the tarnished reputation never wore off, allowing billionaire Ron Burkle to snap up the entire property for a mere $22 million USD, reports The Wall Street Journal in accordance with public records and inside sources.