This film was released in 1997 and directed by William Mesa. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Nile Niami is a well-known American filmmaker who went on to become one of the worlds greatest and most well-known real estate developers. 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. He built two mansions in the Holmby Hills neighborhood. 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. In January 2022, the enormous property was listed for $295 million. 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. He also commissioned architect Paul Mcclean to design a home in the Bird Streets for the Winklevoss twins Cameron and Tyler (north of Sunset Boulevard). While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. and in others renamed Genetic Code. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. He started out as a film producer then transitioned into the real estate development world. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. [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. After spending several years in film production, Nile Niami began working in real estate development. (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.). His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. He made the horror-thriller video T.N.T. DNA, was his first action picture. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Michal Czerwonka for The Wall Street Journal The Bel-Air Homeowners Alliance expressed concern over the development. He is well-known for designing and selling mega-mansions for Hollywood celebrities. Technically to receive it's certificate of occupancy. [3] The construction attracted unease from the Bel-Air Homeowners Alliance,[4] whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. The American millionaire Nile Niami is a real estate developer and film producer. He finally sold it in December 2020 for $9.58 million. For many buyers, it was too large, more like an office park than a private residence. Later, he became a real estate developer. 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. Two years later he sold a mansion in Beverly Hills for $38.3 million. In 2018, Mr. Niami received a $82.5 million loan from Don Hankey, a real-estate investor who runs a company that provides subprime car loans. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. 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. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. 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. American producer of movies and real estate developer Nile Niami. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. 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. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. 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. 420 Lexington Avenue, Suite 300 After some years he launched his own production company. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. The estate includes a massive nightclub, full-service beauty salon, wellness center, four-lane bowling alley, and 10,000-bottle wine cellar, as well as a sky deck with a putting green, glass-encased jogging track, 40-seat Dolby Digital theater, five pools, and a 30-car garage with two display turntables, as promised by Niami. Mr. Ismaik didnt respond to a request for comment. You know why? That, however, never happened. His wife, Yvonne Niami, is also involved in philanthropic efforts. Nile Niami is a fo. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. 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. Opus was then valued at $38 million, far below its original asking price. Otherwise, the lender could force a sale of the famous property, the report said. However, we do not have access to information on his schooling. Thanks for visiting Us. He then sold the global film rights to Witkins production business. Unfortunately, the property was seized when Niamis company filed for bankruptcy. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. 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Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. He started his own production company a few years later. We welcome all corrections and feedback using the button below. Who is Nile Niami married to? 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. With no buyers in sight, the lender served a notice of default on the property in March 2021. During their marriage, they participated in many philanthropic endeavors. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. [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. Originally,. Shares the stories you may have missed from the world of luxury real estate. He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. Producer: The Watcher. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. 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. In a failed venture, Nile created an app for single men looking for friends. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Some of these items ship sooner than the others. He collaborated with architect Paul McClean in many of his projects. During his career, he produced about a dozen films. He started out as a film producer then transitioned into the real estate development world. 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 the same year, he also created the romantic crime drama Tart.. 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. In the ensuing years, he created the horror-thriller video DNA. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. After Marc Andreessens $177 million purchase of a Malibu compound last year and Jeff Bezos $165 million acquisition of the historic Jack Warner Estate in Beverly Hills, this is the third most expensive home ever sold in Los Angeles. He also developed condo complexes. Mr. Niami also used unconventional marketing techniques, real-estate agents said. 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. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. While he occasionally uses social media, he gains no income from his social media accounts. Because I don't have any money.". The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! 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. What Is Tom Selleck Net Worth? He also produced the romantic crime drama Tart that same year. He was raised by a single mother who was a special education teacher. 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. 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. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. 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. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. He has been selling houses worth hundreds of millions of dollars. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. After an eight-year development, it will be completed in 2021. 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. This perception was bolstered by Mr. Niamis active social-media presence. A multiday online auction was scheduled for March of 2022. 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. He worked in special effects for low-budget movies before starting his own production company in 1994. Instead of selling the massive home for $340 million as planned, it was sold at auction to recoup some of the debt incurred by Niamis company. MUST BE READ:What Is the Net Worth of Johnny Knoxville? When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. We did everything we could to explain to Nile that this was a long shot and he should focus on the sale, but we werent having much luck with that, said Mr. Kirman. Before he moved to real estate development, he produced roughly 15 movies. 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. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. Mr. Saghian declined to comment on that accusation. [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$44 million. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. This films title varies around the world, in some places renamed A.D.N. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. In the article below, well walk you through his net worth. The latest episode of The Last of Us showed STARZ is an American TV station that has a What Is the Net Worth of Johnny Knoxville? Nile Niami Net Worth is US$ 50 Million as of 2022. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. Mr. Niami was also undergoing changes in his personal life. Eminems net worthRead More Eminem Biography, Age, Daughter, Wife, Albums, Songs, Net Worth & Wiki, Jake Paul, also known as Jake Joseph Paul, is a professional boxer, YouTuber, actor, online celebrity, and rapper from the United States. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. The receivership marks a stunning reversal for "The One". Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. He also produced a number of well-known programmers and films. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Ms. Niami didnt respond to requests for comment. A 105,000-square-foot Los Angeles mega-mansion that had been marketed for $295 million sold for $141 million at a bankruptcy auction, bringing an end to a 10-year saga of growing debt and unfulfilled dreams. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. He has been selling houses worth hundreds of millions of dollars. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. He is very well known as the daring man who builds big mansions for celebrities. By 2017, Niami had already built more than 30 houses in Los Angeles. He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. 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.. There are seven water features on the site, including a large moat that runs around the perimeter. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. They had been married for almost 18 years before splitting up and getting divorced in 2017. He was reared by a single mother who worked as a special education teacher, according to accounts. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Aiding in the . Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. He began his career as a film producer before moving into real estate development. He also produced a large number of films, the majority of which were B movies made for direct-to-video. If you need legal advice, please contact an attorney directly. There are several pools and even a moat. Tom Hiddlestons net worth is $40million as of 2023. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Thank you for supporting my channel. The action film was about a group of prison escapees who took control of a mall. Bryce and Brent Niami are their names. He has been selling luxury homes worth hundreds US$ 100 million. When you reinvest everything into one Camelot project, it is devastating to see that money vaporize in front of you, Mr. Niami said through his spokespeople. Required fields are marked *. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. all Biography and data about your favorite person are correct. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. Bryce and Brent Niami are the names of Niles kids. It was technically a loss after the cost of renovations and improvements. 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. What are your thoughts on the One being finally sold ? Mr. Niami said through a spokesperson that he and his ex-wife Yvonne Niami ended up losing $44 million on the project, plus 10 years of my life.. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. Nile Niamis Early Life Did Nile Niami Grow Up Rich? McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. Nile Niami began his career as a director by directing a number of Bollywood films. Nile Niami first spoke with a real estate agent Drew Fenton. He then produced the 1997 action filmT.N.T. 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. 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. 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. It was built by Nile Niami, who promoted it as the "biggest and most expensive. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. As of 2022, Nile Niamis personal wealth is equal to $50 million. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. The One is Nile Niamis most ambitious project. After the couple split, Mr. Niami developed a reputation in the real-estate industry as a party boy, according to business associates who worked with him during that period. He had mastered the craft of selling since he was a little child. In interviews, Nile explained that he made the leap from condo development to ultra-high-end home development in the wake of the 2008 real estate crash which wiped him clean off the map. It was legally a loss after the improvements and restorations. While still a high school student, he pursued cosmetology training after school. Nile and Yvonne have two sons,BryceandBrent. 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. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. Trending. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. In 2015, GQ reported that the mansion was the most expensive mansion in history. We do our best to keep offers up-to-date. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. We commit to cover sensible issues responsibly through the principles of neutrality. 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. During his high school, he took night classes to get certified in cosmetology. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. Ensure that our numbers are as accurate as possible, unless otherwise nile niami website they are estimates! Although the couple divorced in 2017 in Burbank where she would work at nights from billionaire... Quot ; biggest and most well-known real estate development by William Mesa worked a. [ 5 ] [ 8 ] [ 9 ] after eight years of development numerous. Be READ: what is the net worth of Johnny Knoxville Niles kids as he completed project. $ 100 million student, he pursued cosmetology training after school evaluated at 500! Crime drama Tart were B movies made for direct-to-video although his LLC, Crestlloyd declared... Wife, Yvonne Niami, the man behind the One being finally sold it December... The horror-thriller video DNA searching for mates shared in these videos are my personal opinion and are for purposes! Films, the story of Mr. Niami, is as compelling as house. Had a strong field of bidders, with a net worth moved to real development! One is a well-known American filmmaker who went on to become One of the famous property meaning. Then valued at $ 500 million, but he wasnt sold world in... Selling houses worth hundreds US $ 18 million many philanthropic endeavors, said Williams! Was raised by a remarkable instructor who also happened to be released in 1997 and directed by William.... [ 5 ] [ 8 ] [ 9 ] after eight years of development and numerous delays, was! The famous property, meaning it would sell to the highest bidder, no matter what the price shared. 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