The 2,700-acre neverland estate where Michael Jackson lived has been sold.
That was 11 years after Michael Jackson died.
Michael Jackson bought the estate for $ 19.5 million in 1987 and it was first put up for sale in 2015, when it was valued at $ 100 million, but the estate has not been able to sell.
The estate has finally sold for $ 22 million over the past few years due to ongoing price reductions. That is Rs. 2200 million in local currency.
The loss to the Jackson family was estimated at $ 78 million.
The estate, which included a large mansion, nearly 20 other buildings, guest houses, a 50-seat movie theater, an amusement park, a zoo, a railroad, and swimming pools, eventually fell into disrepair due to lack of maintenance by Michael Jackson.
Shortly before his death, Michael Jackson left the estate and lived in a house in Los Angeles after being accused of sexually abusing young boys at the neverland estate.
After the death of Michael Jackson, the estate was renamed Sycamore Sands.
The estate, located near the city of Santa Barbara in the state of California, was bought by a millionaire named Ron Burger, a business associate of Michael Jackson Jackson.
