Jackson performing "The Way You Make Me Feel"
In March 1988, Jackson purchased land near Santa Ynez, California, to build Neverland Ranch at a cost of $17 million. He installed Ferris wheels, a menagerie, and a movie theater on the 2,700-acre (11 km2) property. A security staff of 40 patrolled the grounds. In 2003, it was valued at approximately $100 million. In 1989, his annual earnings from album sales, endorsements, and concerts was estimated at $125 million for that year alone. Shortly afterwards, he became the first Westerner to appear in a television ad in the Soviet Union.
His success resulted in his being dubbed the "King of Pop". The nickname was popularized by Elizabeth Taylor when she presented him with the Soul Train Heritage Award in 1989, proclaiming him "the true king of pop, rock and soul." President George H. W. Bush designated him the White House's "Artist of the Decade". From 1985 to 1990, he donated $500,000 to the United Negro College Fund, and all of the profits from his single "Man in the Mirror" went to charity. Jackson's live rendition of "You Were There" at Sammy Davis Jr.'s 60th birthday celebration received an Emmy nomination.
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