Michael Jackson selling his ranch?
Michael Jackson is reportedly close to selling his 2,700 acre Neverland Ranch–on the market for several years now–if he agrees to a massive price slash. From today’s New York Post:
According to insiders, distressed debt guru Bill Huff is in serious negotiations to buy the property which includes a zoo, a movie theater and an amusement park. While Jackson wanted $50 million originally, Huff will likely pay something closer to $20 million. Our source said Huff “wants to tear Neverland down and develop the land.” Huff didn’t return calls. Raymone Bain, Jackson’s rep, denied Neverland is for sale: “This is not true.”
Michael Jackson’s pad is worth only $20 Million? That’s chump change! But in all fairness, $20 million would go a long way towards assembling a bitchin’ boy harem in Bali. Let’s see, at $.40 an hour per boy, divided by $20,000,000, Michael could swim in 12 year olds for the rest of his life. No wonder he’s selling his crib and moving out of the Country … boys like that cost at least $1.50 an hour here in the States! Michael Jackson, you sir are a shrewd money manager.
