August 1, 2014
Zaina Kahuk
News Writer
Headlines
According to Rolling Stones, Michael Jackson’s 2,700-acre Neverland Ranch is being put up for sale, despite the family’s objection. A representative of the Jackson’s estate stated, “We are frustrated, bitterly disappointed and saddened that it has come to this. Sadly, Michael lost control of Neverland during his life as a result of advice from a former manager.” Jackson bought the property in 1988. By 2003, the ranch had 22 buildings, including guesthouses, stables, a movie theater and the famed theme park. At the time it was valued at $30 million. Since Jackson’s death in 2009, the estate has brought in $750 million, before taxes and expenses.
