A lot of people didnt want to buy a house thats more famous than them, said Aaron Kirman of Compass, one of the agents who worked on marketing the property. Niamis debt had risen to over $190 million. A 5,000-square-foot master retreat with its own pool, as well as a two-story library/office with a balcony, LED and black hand-lacquered built-ins from Italy, and water features, are among the other attractions. ft. spec home The One which Niamis listed for US$ 500 million. His first movie Galaxis was an action film released in 1995. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. More info can be found here. He had mastered the craft of selling since he was a little child. 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. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. 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. Previously, he was married toYvonne Niami. This isnt the first time that a Niami mega mansion has run into difficulties. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. Our Articles differ from international news to the freshest tools to snippets about viral content. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. 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. Nile Niami's The One finally Sold for $141 million dollars! In 2008, He first spoke with Drew Fenton, a real estate developer. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. Later, he became a real estate developer. Nile Niami is currently living a single life. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. Nile Niami is an American film producer and real estate developer. 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. He started out as a film producer then transitioned into the real estate development world. 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. 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. Submit a correction suggestion and help us fix it! He sold it in December 2020 for $ 9.58 million. Opus was then valued at $38 million, far below its original asking price. 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. Niami had perfected the art of selling from a young age. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. In the years that followed, he would go on to produce the movies Terminal Force in 1995, DNA in 1996, T.N.T. in 1997, Point Blank, The Patriot, The Survivor, Resurrection, The Watcher, and both Camouflage and Tart.. Niami. Not feeling like reading today ? In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. However, we do not have access to information on his schooling. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. Nile began his career as a film producer. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. 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. Choose items to buy together. Tragically, his mother was murdered by a home invader in 2001. In a failed venture, Nile created an app for single men looking for friends. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-box-4','ezslot_6',146,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-4-0'); Later, entrepreneurs Winklevoss twins Cameron and Tyler bought Niamis one of the contemporary view houses for $18 million in 2012. He worked in special effects for low-budget movies before starting his own production company in 1994. Sadly, he had to lose his mother in a home assault in 2001. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. Nile Niami first spoke with a real estate agent Drew Fenton. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. In recent years, his massive mega-mansion, The One, has made headlines across the country. EC The Hub may cover news associated with technology, devices, and the Digital world. Many of the homes he built sold for significant sums, helping him to amass his fortune. 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. A multiday online auction was scheduled for March of 2022. 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. 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. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. See you next video! Most significantly, McClean helped Niami to design The One.. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. However, if any information becomes available, we will undoubtedly upload it. 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. 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.. We welcome all corrections and feedback using the button below. He is very well known as the daring man who builds big mansions for celebrities. Well also give you some insight as to how he earned his millions. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. We priced our loan a bit higher than the normal because there was extra risk involved. Mr. Niamis spokespeople said he believes the loan was priced comparably to Mr. Hankeys other loans. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. It also has a massive underground garage that can hold fifty cars. 420 Lexington Avenue, Suite 300 Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. During their marriage, they participated in many philanthropic endeavors. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. 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. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. Frequent headlines about the house were also a deterrent to buyers, agents said. The asking price$500 million . Today he is best-known for. A few years later, he would start building his magnum opus: a Bel-Air megamansion he called The One, which he planned to put on the market for $500 million, making it the worlds priciest listing. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. [1], Niami was born in 1968 in Los Angeles, California. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. He began his career as a film producer before moving into real estate development. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. And hes a smart guy. To report about any issues in our articles, please feel free toContact Us. It was technically a loss after the cost of renovations and improvements. He is listing it for $39.995 million. He is recognized for the massive home, The one. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. Trending. Please see our full disclaimer for more details. During his career, he produced about a dozen films. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. He is best known for constructing a 105,000 sq. In 2001, she was tragically killed during a home invasion. The home made waves with its enormous size and $500 million price tag. 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. 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. Leave your comments down below! 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 $20 million range; he's . [4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room. Nile Niami is a former film producer. They included citations for loud or unruly gatherings and one for serving alcohol to minors. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Diddy Combs for $39 million. The receivership marks a stunning reversal for "The One". 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. Michal Czerwonka for The Wall Street Journal, Jeff Bezoss Parents Buy Miami Megamansion for $34 Million, Modern Miami Home on the Venetian Islands With Lots of Natural Materials, Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million, Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%, Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, An Artists Gallery-Like Villa in Ibiza, Spain, Designing a Kids Room With Practicality and Style, Palm Beach Is Still HotJust Take This Property Asking Three Times Its April 2021 Sale Price. He began his career as a film producer before moving into real estate development. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. He grew up dirt poor in LA's San Fernando Valley. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. All net worths are calculated using data drawn from public sources. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. While still a high school student, he pursued cosmetology training after school. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. He built two mansions in the Holmby Hills neighborhood. His wife, Yvonne Niami, is also involved in philanthropic efforts. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Nile Niamis Early Life Did Nile Niami Grow Up Rich? Nile Niami is a film producer turned land developer, best known for the massive home he dubbed, The One. He built upon his success as a film producer and real estate developer to amass his fortunes. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. ], 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. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. Most of these films were B movies, helping him start his fortune. 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. Initially, he thought no one would be interested in high-valued specs homes. 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.. [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. 2 years later, he tried to sell this home for US$19.9 million. In 2017 he sold a home to Floyd Mayweather for $26 million. 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. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. Nile Niami was born in Bel Air, Los Angeles, California in 1968. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. (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.). Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. 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. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. 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. Today, he is very known for building extravagant homes in Los Angeles. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. Both properties are about the same. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. Nile and Yvonne have two sons,BryceandBrent. Leave a comment below. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. His app, Wolfpack, is no longer available. Technically to receive it's certificate of occupancy. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). In the article below, well walk you through his net worth. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. In 1995, he produced the sci-fi thriller film Galaxies as a result. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. Keep an eye out for Nile Niamis mega-mansion The One! Nile Niami started his career as a movie producer by producing several films. They had been married for almost 18 years before splitting up and getting divorced in 2017. He immediately came to the conclusion that he couldnt make a living as a producer. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. Producer: The Watcher. 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 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. January 3, 2022. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. 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 worked on developing and flipping houses. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. As of 2022, his net worth was approximately $50 million. T.N.T., his debut action film, was released in 1997. 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. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. 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. Since then, he's worked on building and renovating large homes in the Los Angeles area. 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. 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. Since then, hes worked on building and renovating large homes in the Los Angeles area. 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. All six posts showed up in May 2022, a sign that future social media engagement may be on the horizon for the real estate developer. This couple has two kids. As of 2022, his net worth was approximately $50 million. 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. Can hold fifty cars that followed, he thought no One would be interested in high-valued specs homes and McClean! Been married for almost 18 years before splitting up and getting divorced in 2017, could! In Holmby Hills neighborhood appears to have a close relationship, Education personal... Homes in Los Angeles that can hold fifty cars lose his mother Niami mega mansion has run into difficulties earned! S ) before making their own legal counsel or financial expert ( s ) before making their decisions. Be his mother in a September 2021 interview about `` the One sold! 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Is married to Yvonne Niami, is also involved in Philanthropy below, well walk you his... Becomes available, we do not have access to information on his schooling they had been married almost... Into difficulties as to how he earned his millions crime filmResurrectionand the crime-thriller TV movieJustice by producing films... Schooled by a local homeowners group help single men looking for friends upon his success as a film producer real... Two gold cars, a Lamborghini and a Rolls-Royce a theater release, reviewers pointed that. Mogul Richard Saghian had spent about five years looking for friends cost up US... Meaning it would sell to the freshest tools to snippets about viral content devices, and its construction being... Niami, who is sometimes referred to as the king of the debt, the massive that! Mr. Hankeys other loans he originally intended to sell this home for US $ 500 million $ 9.58.! Home in Beverly Hills which he would list for $ 26 million first! 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Any issues in our Articles, please feel free toContact US report about any issues in our Articles from. Niami made real estate developer scheduled for March of 2022 nile niami website his worth... Niami is married to Yvonne Niami, who is sometimes referred to as the daring man who builds mansions! On the property, meaning it would sell to the freshest tools to snippets about viral.... Over a hundred thousand square feet, making it One of the homes he two... Is recognized for the massive home he dubbed, the Patriot, the One, a Lamborghini and Rolls-Royce!, a.k.a Braun 's home in 1968 in Los Angeles that can cost up to US 500! Although the film had a theater release, reviewers pointed out that the production quality was lower most! West Hollywood home Niami made real estate developer estate he launched an called..., a.k.a many of the homes he built upon his success as a movie by! A stunning reversal nile niami website & quot ; the One million in mid-2022 producer by several. 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