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Michael Jackson’s Neverland Ranch Up For Sale

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One of the most iconic celebrity homes of all time is hitting the market -- Neverland Ranch, Michael Jackson's former home.

Spin Magazine reports the investors who were running the ranch since Jackson's death have spent about $5 million a year in upkeep.

Jackson's estate is now about $50 million in debt. The Jackson family says it's frustrated, disappointed and saddened it's come to this.

No comment has been made on how much the ranch may go for.

 

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