Michael Jackson’s Neverland ranch was purchased by billionaire Ron Berkeley, a friend and former financial partner of the singer. The estate of the King of Pop costed the businessman $ 22 million, although when the estate was put up for auction in 2015, it was worth $ 100 million. The Wall Street Journal reported.

Michael Jackson bought the 1,100-hectare ranch in 1987 for $ 19 million. The singer named the estate after the fantasy world of Peter Pan, on its territory he built and installed a railway, a flower bed in the form of a clock, and an amusement park with a zoo.