Latest: Michael Jackson’s Neverland Ranch Sold For $22m

Michael Jackson’s famous 2,700-acre Southern California ranch has been sold for 22 million dollars to billionaire Ron Burkle, The Wall Street Journal reported.

Burkle, who Forbes estimates is worth 1.5 billion dollars, was a friend of Jackson, who helped manage his money in the mid-2000s, according to the Journal.

He is also co-owner of the Pittsburgh Penguins.