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After years on the real estate market — at continually reduced prices — Michael Jackson’s Neverland Ranch has finally been sold.

The Santa Barbara County, California property, which has been owned by a venture between the Michael Jackson estate and a real estate investment firm since the singer’s death in 2009, recently sold for $22 million to businessman Ron Burkle; the billionaire previously served as Jackson’s advisor on business matters in the mid-2000s, when the singer struggled with debt due to his lavish lifestyle, the Wall Street Journal reports.

Read the full story at RollingStone | Music News.


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