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. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. 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. Well also give you some insight as to how he earned his millions. Nile Niami was born in Bel Air, Los Angeles, California in 1968. He then learned about special effects prosthetics for horror films. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. [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. The case included Jurgen Prochnow and Mark Damascus. You know why? Mr. Niami was also undergoing changes in his personal life. 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 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. Many of the homes he built sold for significant sums, helping him to amass his fortune. The following year, he produced the horror-thriller videoDNA. Nile Niami is a real estate developer and film producer from the United States. Our Articles differ from international news to the freshest tools to snippets about viral content. He started out as a film producer then transitioned into the real estate development world. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. 2023 Celebrity Net Worth / All Rights Reserved. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. 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. The Nile and his wife got divorced due of unbridgeable differences. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. Roughly $2 million worth of art and other accessories were included in the price. Loving our content? More info can be found here. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. He then completed the construction of the megamansion in early 2021, after eight years of development. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. 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. 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 . This films title varies around the world, in some places renamed A.D.N. On February 25, 1968, Nile Niami was born in Los Angeles, California. All net worths are calculated using data drawn from public sources. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Leave a comment below. Nile Niami began his career as a director by directing a number of Bollywood films. Mr. Niami grew up in a working-class area of the San Fernando Valley. 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. 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 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. Mr. Saghian declined to comment on that accusation. He was also furious at Mr. Saghian, saying that Mr. Saghian had been a good friend and accusing him of backstabbing., More: Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, I showed Richard The One because he said he was interested in buying it, Mr. Niami said through the spokespeople. [15] It did not receive an offer and on March 4, 2022, The property was sold at auction for US$127 million, becoming one of the most expensive houses ever sold at an auction in the United States. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. [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. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. 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. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. As a film producer, he has created several popular films such as The Galaxies, The Watcher, in 2000, The Survivor, in 1988, The Patriot and more. Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Nile Niami and His INSANE $500M Mansion! The American millionaire Nile Niami is a real estate developer and film producer. He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. As a result, he became well-known within the real estate sector fast. Around this time the home's asking price had been lowered to $225 million. 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. He is currently 54 years old and carries the Pisces zodiac sign. As his career in film came to a close, Nile began working as a real estate developer. 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. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. 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 also built a massive home in Trousdale Estates (a neighborhood in Beverly Hills) that featured a spinning car turntable visible from the living room. Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. At the age of 19, he started working with his elder brother Doug Witkins. He had mastered the craft of selling since he was a little child. 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. Ms. Niami didnt respond to requests for comment. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. 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. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? His mom, who raised him alone, was a special education teacher. We welcome all corrections and feedback using the button below. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. During his career, he produced about a dozen films. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. That, however, never happened. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. The asking price$500 million . The Making of the Most Expensive Mansion in History. [2], Niami started his career as a film producer. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. Nile Niami has a net worth of around $50 million. While he occasionally uses social media, he gains no income from his social media accounts. Most of these films were B movies, helping him start his fortune. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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. 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. 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. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. 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. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. 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. Nile was raised by his single mother. In Los Angeles, Niami had built 30 mansions. We were trying to limit our funds to make sure that they went in the right place.. In the same year, he also created the romantic crime drama Tart.. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. Before he went into real estate development, he filmed roughly 15 films. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. 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? Niamis site invites viewers to come see inside his inner life through regularly shared video content. January 3, 2022. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. The One was a hard sell, according to agents who toured the property. 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. [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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. He is a real estate entrepreneur who was raised by his single mother at the age of 54. [2] He was raised by a single mother,[3] a special education teacher. 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. People started coming in and they started copying me, he said in 2018. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. And one more thing.. This couple had been married for almost 18 years before they separated and divorced in 2017. Not feeling like reading today ? It also has a massive underground garage that can hold fifty cars. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. Two years later he attempted to sell this home for $19.9 million. Your email address will not be published. Leave your comments down below! He was reared by a single mother who worked as a special education teacher, according to accounts. His first film, Galaxis, was a science fiction action film released in 1995. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. What do you think Nile Niami net worth? After spending several years in film production, Nile Niami began working in real estate development. Nile Niami has a net worth of US$ 50 million as of 2022. 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. 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 . His education, parents, siblings, and other family members are still unknown, along with the rest of his background. Hankey purposely opted to not place the home into foreclosure because it would have put him on the hook for maintaining the property and covering all liabilities until a buyer was found. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. He has been selling houses worth hundreds of millions of dollars. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. Show details Hide details . The Nile is said to have a special affinity with his sons. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. Nile Niami is an American film producer and real estate developer. 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. Movies. WHAT WE DID: Secured global press opportunities of the property during the construction over 3 years ago until its recent completion when the price was $500 . Initially, he thought no one would be interested in high-valued specs homes. Nile and his wife split in 2017, according to reports. He built two mansions in the Holmby Hills neighborhood. His first movie Galaxis was an action film released in 1995. Do you know how much these celebrities earn? He began his career as a film producer before moving into real estate development. The One has been placed into receivership by the Los Angeles County Superior Court, with more than $165 million in outstanding loans and bills, in an attempt to get Niamis creditors paid. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. He sold it in December 2020 for $ 9.58 million. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. Because I don't have any money.". StackStashers provides its users with financial information. Add all three to Cart . 420 Lexington Avenue, Suite 300 He made the horror-thriller video T.N.T. DNA, was his first action picture. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. 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. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. The main house has nine bedrooms. Niami. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. 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. 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. 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. A planned foreclosure sale was temporarily halted as a result of the action. He worked on developing and flipping houses. 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. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. 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. Nile Niami is well-known as a professional realtor. As of 2022, his net worth was approximately $50 million. In 1999, Niami produced a horror film, Resurrection. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. This perception was bolstered by Mr. Niamis active social-media presence. In the year leading up to the auction, the Williamses said, they brought Mr. Niami several offers from Middle Eastern buyers, but he never acknowledged them. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. She worked as a special education teacher during the day and owned a bar at night in Burbank. Designed by architect Paul McClean and developed by Niami, the property also offered nearly $12 million worth of Lamborghinis, Rolls-Royces, and Damien Hirst paintings. Later, he became a real estate developer. She also started the charity clothing business N: Philanthropy. P. Diddy, for $39 million. Nile Niamis The One finally Sold for $141 million dollars! He appears to be overly preoccupied with his profession. 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. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Who is Nile Niami 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%. It was legally a loss after the improvements and restorations. Later, he became a real estate developer. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Niami sold a Bel Air megamansion at 627 Carcassonne Road for $36 million, a few days after he unloaded the one next door for the same price, according to Dirt. This site includes affiliate links. He had mastered the craft of selling since he was a little child. Aiding in the . 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. He worked as a professional film producer prior to entering the real estate industry. 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. 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Both properties are about the same. Tragically, a house invader killed his mother in 2001. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! As of 2022, Nile Niamis personal wealth is equal to $50 million.

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