MUMBAI: The late pop icon Michael Jackson’s Neverland Ranch will be bought by French fashion tycoon Christian Audigier.

The US based designer, plans to create a Jacko-themed complex similar to Elvis Presley’s Graceland and allow online tours.

Colony Capital bought the California ranch in 2008 for $32 million and is keen to sell. Neverland is now worth an estimated 60 million pounds.