Michael Jackson leases luxury mansion
Michael Jackson has taken out a $100,000-a-month lease on a new mansion - just one month after relinquishing his debt-steeped Neverland Ranch to an investment firm according to Star Pulse.
King of Pop has signed a deal for a $37 million chateau in Holmby Hills, California, which has seven bedrooms, 13 bathrooms, a home cinema and a wine cellar. The three-storey property also boasts a curved staircase, a pool and 12 fireplaces.
Just last month, Jackson handed over the title to his Neverland Ranch in California to a private equity group Colony Capital, which agreed to take over the singer's $24.5 million debt on the property.
The star was forced to sell the famed Ranch after its sweeping grounds drained his finances - it cost him $25 million to buy and $3 million a year to run.
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