New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). The Nile is said to have a special affinity with his sons. He then sold the global film rights to Witkins production business. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. 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. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. Niami had been educated by his mother, a special education teacher. As of 2022, his net worth was approximately $50 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. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. This perception was bolstered by Mr. Niamis active social-media presence. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. Because I don't have any money.". He is a real estate entrepreneur who was raised by his single mother at the age of 54. Estimates for Niamis net worth sit around $50 million. He was raised by a single mother who was a special education teacher. During his high school, he took night classes to get certified in cosmetology. 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. He is best known for constructing a 105,000 sq. Sadly, he had to lose his mother in a home assault in 2001. He dubbed the 20,500 square-foot spec home "Opus". They had been married for almost 18 years before splitting up and getting divorced in 2017. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. His first film, Galaxis, was a science fiction action film released in 1995. 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.. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. 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. Frequent headlines about the house were also a deterrent to buyers, agents said. On February 25, 1968, Nile Niami was born in Los Angeles, California. 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. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. Today he is best-known for. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). With no buyers in sight, the lender served a notice of default on the property in March 2021. American producer of movies and real estate developer Nile Niami. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Add all three to Cart . Mr. Niami was also undergoing changes in his personal life. 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. 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. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. He seemed to be more into following the divorce. Your email address will not be published. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. Nile Niami is well-known as a professional realtor. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. At the time, Mr. Niami was rolling his profits from other sales into building The One, using his own money on top of loans he had obtained from companies linked to Canadian investor Lucien Remillard and physician and real-estate investor Joseph Englanoff. Yvonne filed for divorce in January 2017 after 18 years of marriage. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. He first stepped into the public eye as a film producer, producing over a dozen films over the years. Originally,. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Tom Hiddlestons net worth is $40million as of 2023. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. 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. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. He is recognized for the massive home, The one. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. 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. Many of the homes he built sold for significant sums, helping him to amass his fortune. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. Ted Lanes of Lanes Management was appointed as receiver. It was technically a loss after the cost of renovations and improvements. 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. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. He has been selling luxury homes worth hundreds US$ 100 million. However, when construction prices increased, so did the difficulties. Niami borrowed most . The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. 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. 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. Two years later he attempted to sell this home for $19.9 million. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. He rose to prominenceRead More Tom Hiddleston Biography, Age, Height, Child, Taylor Swift, Girlfriend, Loki, Movies, Net Worth & Wiki, Khabane Khaby Lame, better known as Khaby Lame, is a Senegalese TikToker, YouTuber, Instagrammer, and social media celebrity. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. In the ensuing years, he created the horror-thriller video DNA. Mr. Niami said he was renting the homes to third parties at the time. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. They included citations for loud or unruly gatherings and one for serving alcohol to minors. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. 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. There are several pools and even a moat. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. He sold it in December 2020 for $ 9.58 million. Nile Niami. Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. Our Articles differ from international news to the freshest tools to snippets about viral content. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. 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. 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. StackStashers provides its users with financial information. The Making of the Most Expensive Mansion in History. As a result, he became well-known within the real estate sector fast. If you like what were doing, consider supporting us by clicking. ", "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? 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. 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. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. 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. After spending several years in film production, Nile Niami began working in real estate development. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Before he moved to real estate development, he produced roughly 15 movies. Diddy Combs for $39 million. He has been selling houses worth hundreds of millions of dollars. After an eight-year development, it will be completed in 2021. 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. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. 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. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. He then learned about special effects prosthetics for horror films. There are seven water features on the site, including a large moat that runs around the perimeter. 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.. This couple has two kids. Nile Niami and His INSANE $500M Mansion! He blew through the money that we gave him, Mr. Hankey said. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. He is currently 54 years old and carries the Pisces zodiac sign. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Mr. McClean said Mr. Niami had a knack for equipping his homes with flourishes that appealed to wealthy buyers: a monogrammed towel here, a spritz of perfume there. Nile Niami made his fortune through film and real estate development. 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. 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. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. 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. 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. Your email address will not be published. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. Trending. He then started his own manufacturing company. In 2021, Niami also sold a 24,000-square-foot mansion overlooking different portions ofBel Air Country Clubfor $36 million, which he originally listed for $65 million. Nile Niami is an American millionaire who is both a film producer and a real estate developer. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. However, some experts place his net worth significantly lower, around $10 million. 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. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). To report about any issues in our articles, please feel free toContact Us. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Some of these items ship sooner than the others. 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 . Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. He began his career as a film producer before moving into real estate development. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! 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. During his career, he produced about a dozen films. One of the contemporary view homes was later purchased for US$18 million by businessmen Cameron and Tyler Winklevoss. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. All net worths are calculated using data drawn from public sources. In January 2017, she filed for divorce after 18 years of marriage. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Nile Niami is a former film producer. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. In 2017 he sold a home to Floyd Mayweather for $26 million. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. 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 is a millionaire who was raised by a single parent and have age 54. The following year, he produced the horror-thriller videoDNA. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. The divorced couple has two sons, Bryce and Brent. Niamis debt had risen to over $190 million. [2] He was raised by a single mother,[3] a special education teacher. P. Diddy, for $39 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. Later, he became a real estate developer. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. Later, he became a real estate developer. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. 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. He has turned many neglected estates into megamansions in Los Angeles. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. 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. The Nile is of American nationality, and based on his looks, he appears to be of mixed white ancestry. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Niami cut the asking price up to $85 million in September. 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. He is currently 54 years old and carries the Pisces zodiac sign. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. The American millionaire Nile Niami is a real estate developer and film producer. Through his spokespeople, Mr. Niami declined to comment on the report, saying he had not seen it and didnt have access to the house during the period in which the leaks are said to have occurred. His app, Wolfpack, is no longer available. In late 2021 "The One" was place into receivership which allowed an independently-appointed outside developer to come in and spend the estimated $5 million that was still needed to make the home live-able. As a real estate developer, he earned a huge amount. And one more thing.. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. We now know everything about Nile Niami and his net worth. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. There are several kitchens. As of 2022, his net worth was approximately $50 million. His mother worked nights at the Burbank bar she owned while still teaching special education. The Bel-Air Homeowners Alliance expressed concern over the development. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. Bryce and Brent Niami are their names. In 2001, he directed the action comedy. Do you know how much these celebrities earn? For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. He has turned many neglected estates intomegamansionsin Los Angeles. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. and in others renamed Genetic Code. Yvonne Niami was the former spouse of Nile Niami. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. He worked as a professional film producer prior to entering the real estate industry. He first stepped into the public eye as a film producer, producing over a dozen films over the years. He then became a real estate developer. ft. spec home The One which Niamis listed for US$ 500 million. According to the listing agents, the property includes views from every room, numerous kitchens, a 10,000-bottle wine cellar, gym, sauna, salon, bowling alley, movie theater, nightclub, five pools, and a moat. Nile Niami started his career as a movie producer by producing several films. But his plans are now in peril. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. After some years he launched his own production company. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. The divorce filing cited irreconcilable differences as the reason for their separation. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Nile Niami has a net worth of US$ 50 million as of 2022. The lender gave Niami 90 days to repay the loan. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. He also built a 14,000-square-foot house for himself just above the Sunset Strip. 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