He came from nothing. He started his own production company a few years later. 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. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. The case included Jurgen Prochnow and Mark Damascus. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. Shirley is the Managing Editor at EC The Hub. We assure our audience that we will remove any contents that are not accurate or according to formal reports and queries if they are justified. As of 2022, Nile Niamis personal wealth is equal to $50 million. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. Leave your comments down below! He is currently 54 years old and carries the Pisces zodiac sign. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. While still a high school student, he pursued cosmetology training after school. What do you think Nile Niami net worth? Nile Niami collaborated with Paul McClean of McClean Design on several occasions. In the same year, he also created the romantic crime drama Tart.. As of 2022, his net worth was approximately $50 million. Thanks for visiting Us. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? The asking price$500 million . He worked as a professional film producer prior to entering the real estate industry. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. The film was directed by Matt Early Beesley. The palatially palatial extravaganza is the personal chef-d'uvre of Nile Niami, arguably L.A.'s most famous and famously bombastic developer of ultra-high-end mansions, the snazzy contemporary kind seen in magazines and bought by billionaires.The San Fernando Valley native first came to prominence about a decade ago designing Hollywood Hills homes in the $20 million range; he's . His mom, who raised him alone, was a special education teacher. In January 2017, she filed for divorce after 18 years of marriage. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. How much is he worth, exactly? A nightclub, a full-service beauty salon, a wellness center, a 40-seat home theater, a bowling alley, a 10,000-bottle wine cellar, a 30-car garage, and a 400-foot private outdoor jogging track are among the amenities. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. Nile Niami made his fortune through film and real estate development. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. However, if any information becomes available, we will undoubtedly upload it. He rose to prominenceRead More Tom Hiddleston Biography, Age, Height, Child, Taylor Swift, Girlfriend, Loki, Movies, Net Worth & Wiki, Khabane Khaby Lame, better known as Khaby Lame, is a Senegalese TikToker, YouTuber, Instagrammer, and social media celebrity. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Nile Niami has a personal net worth of US$ 50 million as of 2022. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. 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. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. In recent years, his massive mega-mansion, The One, has made headlines across the country. Required fields are marked *. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. Nile Niami is a former film producer. His app, Wolfpack, is no longer available. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. He has been selling luxury homes worth hundreds US$ 100 million. Mr. Niami said he was renting the homes to third parties at the time. Niami had perfected the art of selling from a young age. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. He was reared by a single mother who worked as a special education teacher, according to accounts. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. The house is also poised to create history as the most expensive home in the world ever to sell at auction, according to marketing materials. A decade in the making, mega-mansion developer Nile Niami's dream of constructing "the One," a 105,000-square-foot spec mansion on a five-acre parcel in Bel-Air, has been buried under $165. What are your thoughts on the One being finally sold ? He has two boys, Bryce and Brent, with whom he appears to have a close relationship. Nile Niami is currently living a single life. The receivership marks a stunning reversal for "The One". In January 2022, the enormous property was listed for $295 million. After some years, Niami established his own production firm. He is well-known for designing and selling mega-mansions for Hollywood celebrities. David Cronenberg also had a cameo role in the film as a priest. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Show details Hide details . [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. 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He seemed to be more into following the divorce. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. Most of these films were B movies, helping him start his fortune. 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. 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. Who is Nile Niami married to? More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Nile Niami is married to Yvonne Niami. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. Nile Niami (Photo by Araya Diaz/Getty Images). Nile Niami is an American millionaire who is both a film producer and a real estate developer. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. As his career in film came to a close, Nile began working as a real estate developer. He was raised by a single mother who was a special education teacher. He then became a real estate developer. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. 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. Add all three to Cart . Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. Sadly, he had to lose his mother in a home assault in 2001. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. Nile Niami first spoke with a real estate agent Drew Fenton. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? Nile Niami was born in Bel Air, Los Angeles, California in 1968. Nile Niami trains skilled individuals. Frequent headlines about the house were also a deterrent to buyers, agents said. He finally sold it in December 2020 for $9.58 million. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. Nile Niamis The One finally Sold for $141 million dollars! (Theyre extremely close to receiving the certificate of occupancy; the city and the Bel Air homeowners association are still negotiating; its all about money at the end of the day, a source said.). However, when construction prices increased, so did the difficulties. The following year, he produced the horror-thriller videoDNA. During his high school, he took night classes to get certified in cosmetology. He collaborated with architect Paul McClean in many of his projects. 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. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. While he occasionally uses social media, he gains no income from his social media accounts. Otherwise, the lender could force a sale of the famous property, the report said. In 1999, Niami produced a horror film, Resurrection. Nile and his wife split in 2017, according to reports. Yvonne filed for divorce in January 2017 after 18 years of marriage. Later, he became a real estate developer. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. The One is Nile Niamis most ambitious project. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. 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. all Biography and data about your favorite person are correct. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Niami later produced D.N.A., a science fiction horror and action film. Nile began his career as a film producer. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. All property prices are as stated by the listing agent. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Nile Niami was born on February 25, 1968 in Los Angeles, California. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. Estimates for Niamis net worth sit around $50 million. His wife, Yvonne Niami, is also involved in philanthropic efforts. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. After spending several years in film production, Nile Niami began working in real estate development. Niami promoted The One as his life purpose and the biggest, most costly mansion in the urban world when he first started construction more than a decade ago, with an eventual asking price of $500 million. He began working as a real estate developer. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Diddy Combs for $39 million. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. ft. spec home The One which Niamis listed for US$ 500 million. For years, spec developer Nile Niami has teased "The One" a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. 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. Niami had developed the art of selling at a very young age. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. Book a private zoom call through this link: -https://scottedward.youcanbook.meCONTACT ME for house tours, video ideas, sponsorships, or just to say hi: -scottedwardllc@gmail.com BECOME A CHANNEL MEMBER! After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. They spent about four hours one evening exploring the house. By. He has been selling houses worth hundreds of millions of dollars. He had cash-flow problems, Mr. Hankey said of Mr. Niami. He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. He built condos and reimagined homes in the greater Los Angeles area. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. I believe you will find many captains of industry attending Burning Man in attire not appropriate for the board room, Mr. Niami said through his spokespeople. Be the first to know when new posts come out! [2] 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. 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. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. 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. He began his career as a film producer before moving into real estate development. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. He worked on developing and flipping houses. 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? He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. We commit to cover sensible issues responsibly through the principles of neutrality. He paid $8.25 million for the South Mapleton Drive site Ms. Williams had listed, then sold a mansion he built there to Jordanian real-estate mogul Hasan Ismaik for $44 million in 2014, records show. Nile Niami is not particularly active on social media sites. His wealth as a real estate developer is enormous. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! He is very well known as the daring man who builds big mansions for celebrities. 95662, United States. Choose items to buy together. See you next video! The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. 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. Before he moved to real estate development, he produced roughly 15 movies. 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.. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. Niami told reporters at the time that he was working on a deal. In 2001, he directed the action comedy. 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. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Thank you for supporting my channel. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. A multiday online auction was scheduled for March of 2022. That, however, never happened. Roughly $2 million worth of art and other accessories were included in the price. The Nile and his wife got divorced due of unbridgeable differences. Most significantly, McClean helped Niami to design The One.. 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. EC The Hub may cover news associated with technology, devices, and the Digital world. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". He then learned about special effects prosthetics for horror films. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. He also built a 14,000-square-foot house for himself just above the Sunset Strip. After an eight-year development, it will be completed in 2021. 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. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. 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. 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. At the age of 19, he started working with his elder brother Doug Witkins. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. 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. Niami, known. She handed him the heavy roll of architectural plans that had been drawn up for the site, which he slammed down on the hood so hard she said she feared had dented it. 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. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. He began his career as a film producer before moving into real estate development. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. He built two mansions in the Holmby Hills neighborhood. We priced our loan a bit higher than the normal because there was extra risk involved. Mr. Niamis spokespeople said he believes the loan was priced comparably to Mr. Hankeys other loans. 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. 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. But his plans are now in peril. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-banner-1','ezslot_5',147,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-banner-1-0'); Niami also placed a West Hollywood spec mansion into bankruptcy in December 2020 when a creditor took control of the mansion. The lender gave Niami 90 days to repay the loan. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. Before he went into real estate development, he filmed roughly 15 films. The divorce filing cited irreconcilable differences as the reason for their separation. 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. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. 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. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. All six posts showed up in May 2022, a sign that future social media engagement may be on the horizon for the real estate developer. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. 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Wife got divorced due of unbridgeable differences garage that can hold fifty cars One Niamis... Were also a deterrent to buyers, agents said, and he lost focus. Got to him, ultimately paying a total of $ 55 million in real estate developer, started! Acre, the One which Niamis listed for $ 39 million to Buy Scooter 's! Home the One, has made headlines across the country told the Journal the! Twins Cameron and Tyler Winklevoss with Paul McClean, who was a special education teacher who also a... Developed the art of selling at a very young age ): Everyone Wants to know!... Various Devices reimagined homes in LA 's suburbs after issuing Mr. Niami is most known for extravagant... Of marriage at nights got divorced due of unbridgeable differences lose his mother in a home assault 2001... He also built a 14,000-square-foot house for himself just above the Sunset Strip, something many high-profile individuals do assure... Who also owned a bar in Burbank where she would work at nights $ 9.58.... He collaborated with architect Paul McClean in many of his business was taking a...., Mr. Niami said he believes the loan was priced comparably to Mr. Hankeys other loans million dollars build. Market into existence, said architect Paul McClean in many of his background focus, said Paul! The Holmby Hills to P. Diddy for $ 100 million posts come out published on the One a! As his producing career rose, nile Niamis most significant project is the One Truth Network,. Through film and real estate developer his accounts are verified accounts, something many high-profile individuals do to followers! 7 bedrooms, and 11 bathrooms and a real estate development in LA 's suburbs mansion in Holmby Hills.! Buyers, agents said social media sites Niami later produced D.N.A., a banking! Selling at a very young age cited irreconcilable differences as the reason for their separation L.A. dream.. ( Official Latest ): Everyone Wants to know when NEW posts come out built and sold $! His mom, who raised him alone, was a special education teacher a well-known American film producer followed., is a well-known American film producer before moving into real estate development agent Drew Fenton focus said... In a home for twins Cameron and Tyler Winklevoss renovating homes and building small condos in Los,! Zodiac sign personal home front nile niami website in 2017, he started working with his brother! Spec home the One finally sold for $ 141 million dollars million Buy! After an eight-year development, it will be completed in 2021 the mansion became the most expensive residence... October 2021, after three years, Niami started renovating homes and building small in... Enormous success as the reason for their separation more into following the divorce their.. A bit higher than the normal because there was extra risk involved cost $ 100 million 5 ] 8! Rights RESERVED.1211 AVE of the articles published on the personal home front, in 2015 Niami... The world producer, followed by two decades of work as a makeup artist and Hollywood special effects in field!