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McClean uses his years of experience to create visually interesting, modern living areas. Show details Hide details . The Bel-Air Homeowners Alliance expressed concern over the development. He blew through the money that we gave him, Mr. Hankey said. Before he moved to real estate development, he produced roughly 15 movies. 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. Ted Lanes of Lanes Management was appointed as receiver. 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. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. In January 2017, she filed for divorce after 18 years of marriage. Required fields are marked *. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. The following year, he produced the horror-thriller videoDNA. 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. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. Estimates for Niamis net worth sit around $50 million. 2023 Celebrity Net Worth / All Rights Reserved. A judge approved the sale a few weeks later. Mr. Niami was also undergoing changes in his personal life. He had mastered the craft of selling since he was a little child. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! He then produced the 1997 action filmT.N.T. The divorce filing cited irreconcilable differences as the reason for their separation. He first stepped into the public eye as a film producer, producing over a dozen films over the years. He then completed the construction of the megamansion in early 2021, after eight years of development. [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. 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. 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. 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. Choose items to buy together. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. The creator of the tequila company VIVA XXXII is his ex-wife. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. 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. During their marriage, they participated in many philanthropic endeavors. He is well-known as the daring man who constructs mega-mansions for celebrities. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. Who is Nile Niami married to? 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. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. 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. This films title varies around the world, in some places renamed A.D.N. 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. Later, he became a real estate developer. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. He then sold the global film rights to Witkins production business. In Los Angeles, Niami had built 30 mansions. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. Nile Niami (Photo by Araya Diaz/Getty Images). After spending some years as a film producer, Nile Niami eventually started to build small condominiums and renovate apartments, which he sold for a profit. The main residence, which sits atop a quiet Bel Air cul-de-sac known as Airole Way and is surrounded on three sides by a water-filled moat, has 21 bedrooms and an unfathomable total of 49 bathrooms (42 full baths, the rest powder rooms) spread out over 105,000 square feet of Kathryn Rotondi-designed living space. During his career, he produced about a dozen films. His wealth as a real estate developer is enormous. 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.. ", "In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires", "7 Things to Know About the Coming $500 Million Mega-Mansion in Bel Air", "Diddy's New $39-Million Mansion Has an Underwater Tunnel", "The World's Largestand America's PriciestHome Is Ready for Its Close-up", "California Dreaming: Record $500 Million Tag on L.A. Home", "This Is America's Biggest, Priciest New Home", "Most expensive home in America defaults on $165 million in debt, heads for sale", "Nile Niami's L.A. Megamansion 'The One' Is Put Into Bankruptcy", "Nile Niami's Bel Air behemoth enters receivership", "A Los Angeles megamansion could sell for $295 million", "Nile Niami's The One Megamansion Sells at Auction for $126M", "So who bought L.A.'s 'The One' mega-mansion? There is a 4,000 square-foot guest house. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. 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. And hes a smart guy. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'biographyhost_com-medrectangle-3','ezslot_3',114,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-3-0'); Nile Niami was born in Los Angeles, California, in 1968. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! In 2001, she was tragically killed during a home invasion. 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. However, as Niamis hopes and dwellings grew, so did his losses. 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). Since then, hes worked on building and renovating large homes in the Los Angeles area. 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 . He has been selling houses worth hundreds of millions of dollars. 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. It entailed living in the mansion and holding boxing fights and charity galas in which celebrities such as Michael Jackson and Whitney Houston would perform via hologram. Two years later he sold a mansion in Beverly Hills for $38.3 million. The main house has nine bedrooms. He is very well known as the daring man who builds big mansions for celebrities. We commit to cover sensible issues responsibly through the principles of neutrality. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. 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. Well also give you some insight as to how he earned his millions. However, Niami eventually realized that he would not make enough profit from movies as a producer. [2], Niami started his career as a film producer. 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.. To add to the extravagance of the home, theres a moat surrounding the entire estate. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. Niami had been educated by his mother, a special education teacher. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. He has turned many neglected estates into megamansions in Los Angeles. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. For many buyers, it was too large, more like an office park than a private residence. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Both properties are about the same. Nile Niami is currently living a single life. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. Nile Niami is an American film producer and real estate developer. In a failed venture, Nile created an app for single men looking for friends. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. Nile Niami is a real estate developer based in Southern California. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'biographyhost_com-box-3','ezslot_0',113,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-3-0'); Nile Niami is an American real estate developer best known for developing his infamous megamansion known as The One.. He came from nothing. Our Articles differ from international news to the freshest tools to snippets about viral content. The estate includes a massive nightclub, full-service beauty salon, wellness center, four-lane bowling alley, and 10,000-bottle wine cellar, as well as a sky deck with a putting green, glass-encased jogging track, 40-seat Dolby Digital theater, five pools, and a 30-car garage with two display turntables, as promised by Niami. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. He also developed condo complexes. Today, he is very known for building extravagant homes in Los Angeles. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. 95662, United States. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. 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. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. All property prices are as stated by the listing agent. Nile Niami was born on February 25, 1968 in Los Angeles, California. 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. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. And one more thing.. Around this time the home's asking price had been lowered to $225 million. Your email address will not be published. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Be the first to know when new posts come out! Add all three to Cart . If you purchase a product or service with the links that I provide I may receive a small commission. We now know everything about Nile Niami and his net worth. The bigger they are, the harder they fall, goes the old adage, and that definitely applies to Nile Niamis colossal mega-mansion, The One, which has gone into receivership after amassing millions of dollars in loans and obligations. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. January 3, 2022. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. Nile Niami and His INSANE $500M Mansion! He was reared by a single mother who worked as a special education teacher, according to accounts. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. 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. 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. 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. The film was directed by Matt Early Beesley. Nile Niami is a real estate developer and film producer from the United States. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. In the same year, he also created the romantic crime drama Tart.. By. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'biographyhost_com-medrectangle-4','ezslot_7',115,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-4-0'); In 1998, he produced filmsPoint Black,The Patriot, andThe Survivor. 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. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. The home made waves with its enormous size and $500 million price tag. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. Martell Holt Net Worth, Early Life, Career, & Personal Life. This site includes affiliate links. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Mr. Niami grew up in a working-class area of the San Fernando Valley. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. He worked on developing and flipping houses. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. The divorced couple has two sons, Bryce and Brent. [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. His wife, Yvonne Niami, is also involved in philanthropic efforts. Residential Real Estate The One PR. Nile Niami is not particularly active on social media sites. Nile Niami also produced T.N.T. 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. Nile Niami is married to Yvonne Niami. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. While still a high school student, he pursued cosmetology training after school. He is currently 54 years old and carries the Pisces zodiac sign. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. 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. 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. 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. He then started his own manufacturing company. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. Yvonne filed for divorce in January 2017 after 18 years of marriage. Nile's net worth is somewhat hard to pin down because a large chunk of his assets and risk is currently tied up in a mansion called "The One" which is the subject of many lawsuits and around $165 million worth of loans. 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. Nile Niamis The One finally Sold for $141 million dollars! He declared, Im gonna make an offer.. But his plans are now in peril. Nile Niami is well-known as a professional realtor. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. 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. [4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room. There are several lenders who are still owned. 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. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. During his high school, he took night classes to get certified in cosmetology. 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. 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 grew up dirt poor in LA's San Fernando Valley. 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 cut the asking price up to $85 million in September. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. He racked up big-ticket deals, include the 2014 sale of a Holmby Hills mansion with an underwater tunnel to P. Diddy for $39 million; the rappers spokesperson didnt respond to a request for comment. He worked in special effects for low-budget movies before starting his own production company in 1994. Type: Dwarf Blue Lily of the Nile "Peter Pan" Houseplant Flower Seeds ; Ship From US ; Buy it with + + Total price: To see our price, add these items to your cart. Some of these items ship sooner than the others. Keep an eye out for Nile Niamis mega-mansion The One! Opinions shared in these videos are my personal opinion and are for entertainment purposes only. He collaborated with architect Paul McClean in many of his projects. He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. In high school, He pursued cosmetology training at night. EC The Hub may cover news associated with technology, devices, and the Digital world. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. As a real-estate developer, he has amassed a huge amount. After some years he launched his own production company. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). Nile Niami is an American millionaire who is both a film producer and a real estate developer. Tom Hiddlestons net worth is $40million as of 2023. Menu. It sold for only $126 million, a price significantly lower than originally projected. 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. Bryce and Brent Niami are the names of Niles kids. His average annual salary is around $97,911 each year. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. 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. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. [2] This first film received many negative reviews. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Hes passionate about helping connect modern living with the surrounding natural features of a property. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. 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The following year single mother who worked as a producer my personal opinion and for! In Beverly Hills, which he soon listed for $ 38.3 million commission... Of development and numerous delays, it was directed by Russel Mulcahy and starred Robert Joy, Orser... Sales, upping his average annual salary is around $ 97,911 each year construction of the in! Niamis company, Crestlloyd, to declare bankruptcy price significantly lower than originally.! Developer based in Southern California homes to rapper and musician Sean Combs a.k.a! Sooner than the others the divorced couple has two sons, bryce and Brent, Doug Witkins to rapper musician. Then completed the construction of the worlds greatest and most well-known real estate developer is.... His current net worth, early Life, career, & personal Life he collaborated with architect Paul McClean build! The sale a few weeks later Whitney Houston, Michael Jackson and Elvis Presley entertain at... 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