Michael Jackson’s Neverland Ranch sold to billionaire

Michael Jackson’s Neverland Ranch sold to billionaire
The asking price of the Neverland property was $100 million in 2016 then dropped to $67 million a year later. (AP)
Short Url
Updated 25 December 2020

Michael Jackson’s Neverland Ranch sold to billionaire

Michael Jackson’s Neverland Ranch sold to billionaire
  • The Wall Street Journal reports the property was sold for $22 million to businessman Ron Burkle

LOS ANGELES: Michael Jackson’s Neverland Ranch in California has found a new owner in billionaire businessman Ron Burkle.
Burkle views the 2,700-acre property in Los Olivos, near Santa Barbara, as a land banking opportunity, his spokesman said Thursday in an email.
The Wall Street Journal reports the property was sold for $22 million to Burkle, an associate of the late pop star and co-founder of the investment firm Yucaipa Companies.
The asking price of the property was $100 million in 2016 then dropped to $67 million a year later.
In addition to a 12,500 square-foot main residence and a 3,700 square-foot pool house, the property boasts a separate building with a 50-seat movie theater and a dance studio.
Other features on the ranch are a “Disney-style” train station, a fire house and barn.
Burkle’s spokesman said the billionaire had been eyeing Zaca Lake – which adjoins the property – for a new Soho House, a members-only club with locations in Los Angeles, Miami, New York and Toronto. Burkle ultimately decided the location was too remote and expensive for a club.
Burkle is the controlling shareholder of Soho House.
After Burkle saw the property from the air, he put in an offer to purchase.


TWITTER POLL: Signal is more comfortable to use versus other instant messaging apps

TWITTER POLL: Signal is more comfortable to use versus other instant messaging apps
Updated 18 January 2021

TWITTER POLL: Signal is more comfortable to use versus other instant messaging apps

TWITTER POLL: Signal is more comfortable to use versus other instant messaging apps
  • Facebook-owned WhatsApp badly hit by a backlash after updating its privacy policy

DUBAI: Signal is more comfortable instant messaging service to use compared with other apps such as WhatsApp or Telegram, according to half of those who responded to an Arab News poll.

Signal’s surge in popularity among smartphone users, thanks to a two-word tweet from technology entrepreneur Elon Musk endorsing the encrypted messaging service, clearly showed as 50 percent of the 1,451 respondents expressed contentment with it.

Facebook-owned WhatsApp, badly hit by a backlash after updating its privacy policy, got a thumbs-up from three out of 10 poll respondents while Telegram had about a tenth of supporters. The remaining 10 percent of Arab New readers who responded to the poll meanwhile said none of the three instant messaging apps were comfortable to use.

 

 

Musk earlier urged users to “Use Signal” after WhatsApp, the most popular instant messaging app, was accused of forcing subscribers to share their personal data with its parent company Facebook for advertising.

Users had to accept these new terms before February 8, otherwise their accounts will be deleted. The ensuing furor prompted WhatsApp to delay its take it or leave it privacy update until May.

It likewise came out with a clarification the privacy changes were focused on how businesses used the app.

“We want to be clear that the policy update does not affect the privacy of your messages with friends or family in any way,” WhatsApp said in a statement.

“Instead, this update includes changes related to messaging a business on WhatsApp, which is optional, and provides further transparency about how we collect and use data.”