Michael Jackson’s 2,700-acre Neverland Ranch has been sold for $22m to a billionaire investor Mr Burke for a quarter of its initial price of $100m in 2015.
Since then Neverland, north of Santa Barbara city, has been on and off the market, listed most recently last year for the lower price of $31m.
Jackson originally paid about $19.5m for Neverland, which he named after a fictional island where children never grow up in JM Barrie’s Peter Pan story.
He bought Neverland in 1987, making it his home during the height of his fame.
The ranch was turned into an entertainment complex, building a zoo and fairground on site, where he regularly entertained children and their families.
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Neverland became the centre of various investigations into child sexual assault allegations against Jackson in the 1990s and 2000s, a claim he denied
Jackson was tried and acquitted of allegations he abused a 13-year-old boy at the ranch in 2005,
Since then he never returned to Neverland and four years later, in June 2009, Jackson died at another home in Los Angeles of a cardiac arrest induced by a drug overdose.
Since his death the former pop star has been the subject of further abuse allegations, including those made in a documentary called Leaving Neverland in 2019.