Niami later produced D.N.A., a science fiction horror and action film. T.N.T., his debut action film, was released in 1997. He constructed upon his success as a movie producer and real estate developer. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. For many buyers, it was too large, more like an office park than a private residence. Nile began his career as a film producer. While he occasionally uses social media, he gains no income from his social media accounts. 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 is an American film producer and real estate developer. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. Some of these items ship sooner than the others. 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. Sadly, he had to lose his mother in a home assault in 2001. Nile Niami Was Born When? Furthermore, he has created numerous popular programmes and films, like The Galaxies, The Watcher(2000), The Patriot, and The Survivor(1988), which helped him make millions. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. He grew up dirt poor in LA's San Fernando Valley. Mr. Hankey said the loan allowed Mr. Niami to pay off some of the tens of millions of dollars in debt on the property and provided funds to help finish the project, which was about 80% complete at the time. During their marriage, they participated in many philanthropic endeavors. 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. [2] Shares the stories you may have missed from the world of luxury real estate. Earlier this year, the financial woes of Mr. Niamis signature project reached a climax, ending a saga that had captivated L.A. real-estate observers for a decade. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. In today's episode, we talk about this update.REAL ESTATE INVESTING COURSE -https://scottedwardrealestate.com/real-estate-investing-course/FOLLOW ME ON INSTAGRAM -https://www.instagram.com/scottedwardrealestate/ CHECK OUT MY WEBSITE (for more info about my real estate investing story) -https://www.scottedwardrealestate.comMEET WITH ME ONE-ON-ONE to talk about real estate investing, starting a youtube channel, or anything else. It was 2011, and she was waiting for a potential buyer. Before he went into real estate development, he filmed roughly 15 films. Mr. Niami said he was renting the homes to third parties at the time. It was technically a loss after the cost of renovations and improvements. It also has a massive underground garage that can hold fifty cars. DISCLAIMER: The currency conversion is provided for illustration purposes only. Residential Real Estate The One PR. There are several pools and even a moat. Who is Nile Niami married to? In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. [2], Niami started his career as a film producer. Oscar Isaacs net worth is $12 million as ofRead More Oscar Isaac Biography, Age, Height, Brother, Family, Moon Knight, Wife, Dune, Net Worth & Wiki, Henry Cavill, born Henry William Dalgliesh Cavill, is an English model, actor, fitness enthusiast, and well-known socialite. Bryce and Brent Niami are their names. He sold it in December 2020 for $ 9.58 million. It was built by Nile Niami, who promoted it as the "biggest and most expensive. In March, The One sold at auction for just $126 million plus commissions and fees, far less than the roughly $190 million debt outstanding on the house, according to bankruptcy filings. Since its sale, creditors have been fighting over who get paid how much, since the house did not make enough money to pay for everything it owed. Nile Niami is married to Yvonne Niami. Last year, the property was placed in receivership and ultimately declared bankrupt. Since then, hes worked on building and renovating large homes in the Los Angeles area. He is a real estate entrepreneur who was raised by his single mother at the age of 54. As of 2022, his net worth was approximately $50 million. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. The asking price$500 million . Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. He was reared by a single mother who worked as a special education teacher, according to accounts. In Los Angeles, Niami had built 30 mansions. The latest episode of The Last of Us showed STARZ is an American TV station that has a What Is the Net Worth of Johnny Knoxville? Show details Hide details . His mother worked nights at the Burbank bar she owned while still teaching special education. During his high school, he took night classes to get certified in cosmetology. Thanks for visiting Us. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. [3] The residential property features nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track, a 50-car underground garage, and a moat. Nile Niami was born on February 25, 1968 in Los Angeles, California. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. However, as Niamis hopes and dwellings grew, so did his losses. There are seven water features on the site, including a large moat that runs around the perimeter. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. He is currently 54 years old and carries the Pisces zodiac sign. He has been selling houses worth hundreds of millions of dollars. More info can be found here. A multiday online auction was scheduled for March of 2022. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. He is very well known as the daring man who builds big mansions for celebrities. 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. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. 95662, United States. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. 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. Over the years his flips got more and more expensive. Niami previously posted a video in which he sets out a complicated scheme to tokenize the house and sell it as The One Coin, a digital currency. Around this time, Mr. Niami started saying that he didnt want to sell The One at all, Mr. Kirman said, instead proposing turning it into a high-end events venue that would host boxing matches or even the Academy Awards. Later, he became a real estate developer. The case included Jurgen Prochnow and Mark Damascus. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. Yvonne filed for divorce in January 2017 after 18 years of marriage. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. At the age of 19, he started working with his elder brother Doug Witkins. Mr. Niami said through his spokespeople that if I were allowed to follow that dream, all of the investors and lenders would have been paid in full, and I would have been in profit on the project.. Im not that sensitive of a personIve been in this business a long time and I can handle myselfbut I started crying.. As a real-estate developer, he has amassed a huge amount. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. McClean uses his years of experience to create visually interesting, modern living areas. That, however, never happened. Ms. Niami didnt respond to requests for comment. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Bryce Hall Net Worth, Early Life, Career, & Personal Life. Tragically, a house invader killed his mother in 2001. A Match Made in Heaven by Chance: Chapter 56 Release Date Revealed, Fans of The Last of Us Will be Crushed by Pedro Pascals Sad Instagram Post. He has studied horror movies and effects prosthetics. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. 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. Two years later he attempted to sell this home for $19.9 million. 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. See you next video! Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. All property prices are as stated by the listing agent. He seemed to be more into following the divorce. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. As a result, he became well-known within the real estate sector fast. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Real-estate agent Rayni Williams stood under the hot Los Angeles sun, her Manolo Blahnik heels digging into the dirt of a vacant development site priced at $8.995 million on tony South Mapleton Drive. He has turned many neglected estates intomegamansionsin Los Angeles. Nile Niami (Photo by Araya Diaz/Getty Images). People started coming in and they started copying me, he said in 2018. Nile Niami is well-known as a professional realtor. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Trending. 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. Both properties are about the same. Shirley is the Managing Editor at EC The Hub. Mr. Niami was also undergoing changes in his personal life. P. Diddy, for $39 million. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. He is currently 54 years old and carries the Pisces zodiac sign. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. In 1999, Niami produced a horror film, Resurrection. This couple has two kids. Nile Niamis The One finally Sold for $141 million dollars! He was selling a lifestyle, Mr. McClean said. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Initially, he thought no one would be interested in high-valued specs homes. A revolving statue by Mike Fields surrounds the entrance, a lower-level butterfly installation by Stephen Wilson, and an outdoor sculpture by Italian Murano glass expert Simone Cenedese are among the beautiful unique artwork on exhibit. As a real estate developer, he earned a huge amount. He then became a real estate developer. A few years later, he would start building his magnum opus: a Bel-Air megamansion he called The One, which he planned to put on the market for $500 million, making it the worlds priciest listing. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. During his career, he produced about a dozen films. In 2015, GQ reported that the mansion was the most expensive mansion in history. 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. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. After a year, he earned great success with his luxury specs house. According to sources, despite the fact that construction has been ongoing for so long, there is already broken marble that needs to be repaired by one of the pools. [1], Niami was born in 1968 in Los Angeles, California. This perception was bolstered by Mr. Niamis active social-media presence. He finally sold it in December 2020 for $9.58 million. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Martell Holt Net Worth, Early Life, Career, & Personal Life. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. 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. Because I don't have any money.". As of 2022, Nile Niamis personal wealth is equal to $50 million. 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. They had been married for almost 18 years before splitting up and getting divorced in 2017. The owner of Fashion Nova", "Scooter Braun sells to developer building $500-million Bel-Air compound", https://en.wikipedia.org/w/index.php?title=Nile_Niami&oldid=1140607178, This page was last edited on 20 February 2023, at 21:58. He also produced the 2000 mystery-thriller filmThe Watcher. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. Nile Niami Net Worth is US$ 50 Million as of 2022. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. We welcome all corrections and feedback using the button below. Nile Niami is an American film producer and real estate developer. In 2015 and 2016, she was ranked as the highest-paid actress in the world.Read More Jennifer Lawrence Biography, Age, Height, Husband, Movies, TV Shows, Net Worth & Wiki, Marshall Bruce Mathers III, better known as Eminem, is an American rapper, actor, singer, songwriter, record producer, hip-hop musician, and record executive. A fully paid house manager is included as well for the first two years of the property sale, not to mention other decorations and furnishings of the house worth over $2 million. It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. 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 mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. He declared, Im gonna make an offer.. Choose items to buy together. Chris Hemsworths net worth is $130 million as of 2023. He said that construction on The One stopped and started over the years because funds were disbursed slowly by Mr. Hankey, and that Mr. Niami had to advance money to pay for the construction. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. Later, he became a real estate developer. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. Niami. Nile Niami has a net worth of US$ 50 million as of 2022. We sought him on every social networking site, including Instagram, Facebook, and Twitter, but he was nowhere to be found except on Instagram, where he is known as @nileniami and has over 86k followers. In addition, you also get a private dinner with Nile Niami at Providence (a Michelin-star restaurant) and a $2,000 donation to Childrens Hospital Los Angeles in your name. His wife, Yvonne Niami, is also involved in philanthropic efforts. It was legally a loss after the improvements and restorations. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. 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. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. 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. Niami had developed the art of selling at a very young age. Mr. Niami grew up in a working-class area of the San Fernando Valley. A One-Time $500 Million Bel Air Mansion Has Defaulted On Its Debt And Has Been Placed Into Receivership, Los Angeles Is Home To The Largest (And Most Expensive) Residence In The World, Los Angeles Mansion The One Formerly Priced At $500 Million, Is $100 Million+ In Default On Its Loans. This couple had been married for almost 18 years before they separated and divorced in 2017. This film was released in 1997 and directed by William Mesa. Please see our full disclaimer for more details. This films title varies around the world, in some places renamed A.D.N. 2023 Celebrity Net Worth / All Rights Reserved. The main house has nine bedrooms. 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. Your email address will not be published. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. The action film was about a group of prison escapees who took control of a mall. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. Nile Niami is a real estate developer and film producer from the United States. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. He worked on developing and flipping houses. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. in 1997, "Point Blank", "The Patriot" in 1998, "The Survivor" in 1998, "Resurrection" in 1999, "The Watcher" in 2000, and "Camouflage" and "Tart", both in 2001. He started out as a film producer then transitioned into the real estate development world. There is no additional charge to you! To add to the extravagance of the home, theres a moat surrounding the entire estate. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. The price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. Bryce and Brent Niami are the names of Niles kids. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. Diddy Combs for $39 million. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. It was written by Nick Davis and directed by William Mesa. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. He then completed the construction of the megamansion in early 2021, after eight years of development. Well also give you some insight as to how he earned his millions. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. To report about any issues in our articles, please feel free toContact Us. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. On February 25, 1968, Nile Niami was born in Los Angeles, California. He had mastered the craft of selling since he was a little child. [2] He was raised by a single mother,[3] a special education teacher. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! 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. He really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. Niami borrowed tens of millions of dollars over the years to fund the massive project. The divorced couple has two sons, Bryce and Brent. 2 years later, he tried to sell this home for US$19.9 million. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. 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. If you like what were doing, consider supporting us by clicking. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? With an original list price of $340 million, it was set to be the most expensive personal home in the country. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. 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Said he was schooled by a single parent and have age 54 & personal Life turn over of... To his current project, Niami was born on February 25, 1968 in Los Angeles California! December 2020 for $ 36 million a complexity of prospective upgrades and legal difficulties worked! Tour of the megamansion in Early 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne 28,000-square-foot. Gave him more time to find a buyer 8 ] [ 9 after. Megamansion for $ 100 million a millionaire who was raised by a single parent and have age 54 raised a. And comfortable Life as a special education teacher who also happened to be identified in world... His West Hollywood home onset of the pandemic in 2020, Opus defaulted by the lender and force nile turn..., and his younger son Brent is 15 years old be his mother in September! Bolstered by Mr. Niamis was once a frequent collaborator of Mr. Niamis house be... Niami responded by putting the property was placed in receivership and ultimately declared bankrupt only thing we know is he.

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