In addition, he erected a house in Trousdae Estates, a Beverly Hills neighbourhood, with a unique feature: a spinning automobile turntable, similar to those in auto showrooms, thats viewable from the living room., Another of Niles masterworks is his accomplishment in building a gigantic house in Bel Air, which was also designed by Paul McClean and is listed on the real estate market for US$340 million. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. The following year, he produced the horror-thriller videoDNA. Nile Niami first spoke with a real estate agent Drew Fenton. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. He rose to prominenceRead More Tom Hiddleston Biography, Age, Height, Child, Taylor Swift, Girlfriend, Loki, Movies, Net Worth & Wiki, Khabane Khaby Lame, better known as Khaby Lame, is a Senegalese TikToker, YouTuber, Instagrammer, and social media celebrity. He made the horror-thriller video T.N.T. DNA, was his first action picture. Even if the spread sells for its original $500 million asking price, a New Yorker realtor-turned-Italian princess is auctioning a Roman villa this month for $534 million, which is sure to be met. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. According to the LA Times, Diddy is followed by wealthy private equity investor Brian Sheth, who has a $38 million property, and boxer Floyd Mayweather, who owns a $25 million remodeled Beverly Hills mansion. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. By 2018, records show, Mr. Niami had at least five unsold spec homes on his books and was carrying hundreds of millions of dollars in debt. 420 Lexington Avenue, Suite 300 Trending. Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. [1], Niami was born in 1968 in Los Angeles, California. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. Nile Niami is married to Yvonne Niami. He first stepped into the public eye as a film producer, producing over a dozen films over the years. Mr. Niami disputed that characterization through his spokespeople: I can honestly tell you I gave it 200% effort., Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. He has been selling luxury homes worth hundreds US$ 100 million. He had cash-flow problems, Mr. Hankey said of Mr. Niami. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. As of 2022, his net worth was approximately $50 million. He is best known for constructing a 105,000 sq. Two years later he attempted to sell this home for $19.9 million. The Nile and his wife got divorced due of unbridgeable differences. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. He then became a real estate developer. Ahem. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. He first stepped into the public eye as a film producer, producing over a dozen films over the years. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. The entire property sits on an impressive acre. At the time, Mr. Niami was rolling his profits from other sales into building The One, using his own money on top of loans he had obtained from companies linked to Canadian investor Lucien Remillard and physician and real-estate investor Joseph Englanoff. He is a real estate entrepreneur who was raised by his single mother at the age of 54. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. This couple has two kids. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). He is currently 54 years old and carries the Pisces zodiac sign. Jay Influencer March 27, 2022 Luxury, Finance No Comments When bidding finished on March 3, a Los Angeles mega-mansion that was the largest U.S. residence to ever put up for auction sold for $141 million, including fees. [16] The buyer was Richard Saghian, owner of Fashion Nova. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. The main house has nine bedrooms. Niami borrowed most . He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. Today, he is very known for building extravagant homes in Los Angeles. Known since its inception by colorful and controversial developer Nile Niami simply as "The One," the monstrous and still-incomplete Los Angeles structure is 10 years in the making. A four-lane bowling alley, a 50-seat movie theater, a putting green, a wellness center and gym, but also a beauty salon, a juice bar, and a tennis court are all advertised as amenities at the residence. As a real-estate developer, he has amassed a huge amount. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! Niami cut the asking price up to $85 million in September. He then produced the 1997 action filmT.N.T. Previously, he was married toYvonne Niami. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Nile Niami has a net worth of around $50 million. Estimates for Niamis net worth sit around $50 million. Bryce and Brent Niami are their names. Do you know how much these celebrities earn? He has two boys, Bryce and Brent, with whom he appears to have a close relationship. Choose items to buy together. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. Henry Cavills net worth is $50 million asRead More Henry Cavill Biography, Age, Height, Wife, Movies, Witcher, Girlfriend, Superman, Net Worth & Wiki, Tom Hiddleston, born Thomas William Hiddleston, is a British model and actor. This films title varies around the world, in some places renamed A.D.N. He collaborated with architect Paul McClean in many of his projects. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. His first movie Galaxis was an action film released in 1995. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. The asking price$500 million . He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". [2], Niami started his career as a film producer. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) Nile Niami is a former film producer. Niami had been educated by his mother, a special education teacher. He also produced a large number of films, the majority of which were B movies made for direct-to-video. He also produced the romantic crime drama Tart that same year. Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. Opus was then valued at $38 million, far below its original asking price. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. Through his spokespeople, Mr. Niami declined to comment on the report, saying he had not seen it and didnt have access to the house during the period in which the leaks are said to have occurred. He constructed upon his success as a movie producer and real estate developer. The American millionaire Nile Niami is a real estate developer and film producer. For any Updates Keep Visiting Our Websiteecthehub.com, EC The Hub is the news source for thousands of daily visitors who are looking for General News, Business updates, Entertainment News, Gaming Industry, Technology Friendly. He collaborated with architect Paul McClean in many of his projects. According to a two-part home tour broadcast on YouTube in April, the huge property has 20 bedrooms, including eight bedrooms for the employees and a three-bedroom guest house, approximately six elevators, a library, cigar room, and confectionery room. It broke the previous record that was set in 2021 when The Hearst Estate in Beverly Hills sold at auction for US$63.1 million. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. It was 2011, and she was waiting for a potential buyer. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. Residential Real Estate The One PR. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. His wealth as a real estate developer is enormous. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. T.N.T., his debut action film, was released in 1997. Producer: The Watcher. Advertising Disclosure: This post may contain affiliate links from our partners, which means that we may receive a small commission if you sign up via these links. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. However, some experts place his net worth significantly lower, around $10 million. He also produced a number of well-known programmers and films. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. After spending several years in film production, Nile Niami began working in real estate development. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Roughly $2 million worth of art and other accessories were included in the price. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. Some of these items ship sooner than the others. Nile Niami is a former film producer. Nile Niami has a net worth of US$ 50 million as of 2022. In 2021, Niami also sold a 24,000-square-foot mansion overlooking different portions ofBel Air Country Clubfor $36 million, which he originally listed for $65 million. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. Crestlloyd filed for bankruptcy in October 2021 and the home was put into receivership by the courts, where Ted Lanes of Lanes Management would complete and sell the home. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. For many buyers, it was too large, more like an office park than a private residence. Known since its inception by colorful and controversial developer Nile Niami simply as "The One," the monstrous and still-incomplete Los Angeles structure is 10 years in the making. 95662, United States. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Ontwikkeld door voormalig filmproducent Nile Niami en architect Paul McClean, beschikt het Opus-landgoed over zeven slaapkamers, 11 badkamers en een overweldigende eigentijdse sfeer die 20.500 vierkante meter aan luxueuze leefruimte beslaat. Mr. Saghian declined to comment on that accusation. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. Before he went into real estate development, he filmed roughly 15 films. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. Unfortunately, Nile could not complete construction of "The One" even after borrowing a reported $165 million from various lenders, notably car finance billionaire Don Hankey who chipped in at least $106 million over several financing rounds. And while the Williamses said they had been working for several years to find a buyer, the house had never officially been on the market. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. What do you think Nile Niami net worth? Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. In the article below, well walk you through his net worth. ft. spec home The One which Niamis listed for US$ 500 million. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. The divorced couple has two sons, Bryce and Brent. They had been married for almost 18 years before splitting up and getting divorced in 2017. He appears to be overly preoccupied with his profession. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. He is well-known as the daring man who constructs mega-mansions for celebrities. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. American producer of movies and real estate developer Nile Niami. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. He is currently 54 years old and carries the Pisces zodiac sign. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. Otherwise, the lender could force a sale of the famous property, the report said. Nile Niami, a charismatic and ambitious former Hollywood producer who went on to create some of the most extravagant residences in Beverly Hills and Bel Air to sell for profits, designed it. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. This site includes affiliate links. Martell Holt Net Worth, Early Life, Career, & Personal Life. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! Nile Niami is an American film producer and real estate developer. He has studied horror movies and effects prosthetics. He grew up dirt poor in LA's San Fernando Valley. 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Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. The 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. Niami told reporters at the time that he was working on a deal. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. The property has a 50-car garage, four lane bowling alley, cigar room, multiplex-size movie theater, private nightclub (complete with VIP section), five elevators and a 10,000-bottle wine cellar. and in others renamed Genetic Code. He is very well known as the daring man who builds big mansions for celebrities. Tragically, his mother was murdered by a home invader in 2001. In Los Angeles, Niami had built 30 mansions. And one more thing.. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. The case included Jurgen Prochnow and Mark Damascus. The home made waves with its enormous size and $500 million price tag. Nile Niami is a real estate developer and film producer from the United States. Nile Niami is a film producer turned land developer, best known for the massive home he dubbed, The One. He built upon his success as a film producer and real estate developer to amass his fortunes. Over the years his flips got more and more expensive. As a result, he became well-known within the real estate sector fast. Frequent headlines about the house were also a deterrent to buyers, agents said. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. The One is Nile Niamis most ambitious project. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. If you like what were doing, consider supporting us by clicking. Most of these films were B movies, helping him start his fortune. His mother worked nights at the Burbank bar she owned while still teaching special education. Nile Niamis Early Life Did Nile Niami Grow Up Rich? During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. His largest and most famous build, a house called The One, has been the topic of many front-page news reports in 2021 and 2022. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. In 2015, GQ reported that the mansion was the most expensive mansion in history. He started out as a film producer then transitioned into the real estate development world. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. We do our best to keep offers up-to-date. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. What Is Tom Selleck Net Worth? [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. With no buyers in sight, the lender served a notice of default on the property in March 2021. In 1995, he produced the sci-fi thriller film Galaxies as a result. A 5,000-square-foot master retreat with its own pool, as well as a two-story library/office with a balcony, LED and black hand-lacquered built-ins from Italy, and water features, are among the other attractions. In 1998, Niamis produced the movies Point Black, The Patriot, and The Survivor. After a year, Nile produced Justice, a TV movie that combines horror and a crime thriller. Because I don't have any money.". More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. The Bel-Air Homeowners Alliance expressed concern over the development. In the years that followed, he would go on to produce the movies Terminal Force in 1995, DNA in 1996, T.N.T. in 1997, Point Blank, The Patriot, The Survivor, Resurrection, The Watcher, and both Camouflage and Tart.. Niami. Ms. Niami didnt respond to requests for comment. While his time in film certainly helped him kickstart his fortune, his work as a real estate developer brought in the bulk of his wealth. There are several lenders who are still owned. [2] He started his own production company a few years later. All property prices are as stated by the listing agent. His net worth is $10 millionRead More Lewis Capaldi Biography, Age, Wife, Sister, Father, Someone You Loved, Songs, Net Worth & Wiki, Christopher Hemsworth, also known as Chris Hemsworth, is an Australian actor, model, and producer. He then started his own manufacturing company. [2] He was raised by a single mother,[3] a special education teacher. Add all three to Cart . But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. While he occasionally uses social media, he gains no income from his social media accounts. EC The Hub may cover news associated with technology, devices, and the Digital world. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. Nile Niami made his fortune through film and real estate development. Nile Niami trains skilled individuals. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. During his career, he produced about a dozen films. He also developed condo complexes. In 2015, developer Nile Niami stated that the Bel Air home, which has five swimming pools and a 30-car garage, will fetch $500 million. Before he moved to real estate development, he produced roughly 15 movies. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Nile and Yvonne have two sons,BryceandBrent. Nile's net worth is somewhat hard to pin down because a large chunk of his assets and risk is currently tied up in a mansion called "The One" which is the subject of many lawsuits and around $165 million worth of loans. Nile Niami. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-box-4','ezslot_6',146,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-4-0'); Later, entrepreneurs Winklevoss twins Cameron and Tyler bought Niamis one of the contemporary view houses for $18 million in 2012. A listing video for one of his properties featured female models, covered in gold paint, wearing black lingerie and chain mail; another model swam naked in the pool. ", "In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires", "7 Things to Know About the Coming $500 Million Mega-Mansion in Bel Air", "Diddy's New $39-Million Mansion Has an Underwater Tunnel", "The World's Largestand America's PriciestHome Is Ready for Its Close-up", "California Dreaming: Record $500 Million Tag on L.A. Home", "This Is America's Biggest, Priciest New Home", "Most expensive home in America defaults on $165 million in debt, heads for sale", "Nile Niami's L.A. Megamansion 'The One' Is Put Into Bankruptcy", "Nile Niami's Bel Air behemoth enters receivership", "A Los Angeles megamansion could sell for $295 million", "Nile Niami's The One Megamansion Sells at Auction for $126M", "So who bought L.A.'s 'The One' mega-mansion? Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. During his high school, he took night classes to get certified in cosmetology. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. Because this is a Nile Niami restaurant, he offers an option for the most expensive pizza in Los Angeles, with a price of $3500 called the one. Film Camouflage home boasts 19 bedrooms, 37 bathrooms, a TV movie Justice the year. 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