The famous Newland Ranch residence of pop star Michael Jackson in the US state of California has finally been sold.
According to the news Michael Jackson's Sycamore Valley Ranch property has been bought for the lowest price of 22 22 million.
The residence was bought by Michael Jackson's family friend and billionaire investor Ron Berkeley.
The New Zealand Ranch was valued at 100 100 million in 2015.
It was valued at 31 31 million last year.
Michael Jackson bought it in 1987 for .5 19.5 million and lived here in his heyday. He also built a zoo here.
