[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. However, Niami eventually realized that he would not make enough profit from movies as a producer. Leave your comments down below! He also produced a large number of films, the majority of which were B movies made for direct-to-video. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. Henry Cavills net worth is $50 million asRead More Henry Cavill Biography, Age, Height, Wife, Movies, Witcher, Girlfriend, Superman, Net Worth & Wiki, Tom Hiddleston, born Thomas William Hiddleston, is a British model and actor. How much is he worth, exactly? [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 Bel-Air Homeowners Alliance expressed concern over the development. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. 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. There is a 4,000 square-foot guest house. Roughly $2 million worth of art and other accessories were included in the price. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! The creator of the tequila company VIVA XXXII is his ex-wife. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". 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. He was reared by a single mother who worked as a special education teacher, according to accounts. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. His average annual salary is around $97,911 each year. On February 25, 1968, Nile Niami was born in Los Angeles, California. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. 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. After some years, Niami established his own production firm. He is a millionaire who was raised by a single parent and have age 54. Who is Nile Niami married to? Bryce is apparently 18 years old, and his younger son Brent is 15 years old. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. [2] The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. He worked on developing and flipping houses. 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. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. However, when construction prices increased, so did the difficulties. He collaborated with architect Paul McClean in many of his projects. He had mastered the craft of selling since he was a little child. [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], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. He built two mansions in the Holmby Hills neighborhood. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. He then completed the construction of the megamansion in early 2021, after eight years of development. 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. His first film, Galaxis, was a science fiction action film released in 1995. He is a real estate entrepreneur who was raised by his single mother at the age of 54. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Menu. He seemed to be more into following the divorce. This first film received many negative reviews. StackStashers provides its users with financial information. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'biographyhost_com-medrectangle-3','ezslot_3',114,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-3-0'); Nile Niami was born in Los Angeles, California, in 1968. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. More info can be found here. Jake Pauls netRead More Jake Paul Biography, Age, Weight, Girlfriends, KSI, Boxing, Logan Paul, Anderson Silva, Net Worth & Wiki, Lewis Capaldi, also known as Lewis Marc Capaldi, is a singer, songwriter, musician, and social media presence from Scotland. She worked as a special education teacher during the day and owned a bar at night in Burbank. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. To add to the extravagance of the home, theres a moat surrounding the entire estate. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. 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. Before he went into real estate development, he filmed roughly 15 films. Nile was born in the year 196 in Los Angeles, California. [16] The buyer was Richard Saghian, owner of Fashion Nova. 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. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. All information on this site should be used for informative and educational purposes only. Nile Niami is a real estate developer based in Southern California. They included citations for loud or unruly gatherings and one for serving alcohol to minors. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. 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. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Most significantly, McClean helped Niami to design The One.. During his career, he produced about a dozen films. He built condos and reimagined homes in the greater Los Angeles area. [1], Niami was born in 1968 in Los Angeles, California. Nile Niami (Photo by Araya Diaz/Getty Images). Nile Niami Was Born When? As he completed the project, Niami changed his tune and settled on a price tag of $340 million. 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 . Since then, he's worked on building and renovating large homes in the Los Angeles area. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. 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. Last year, the property was placed in receivership and ultimately declared bankrupt. A planned foreclosure sale was temporarily halted as a result of the action. Keep an eye out for Nile Niamis mega-mansion The One! According to the LA Times, Diddy is followed by wealthy private equity investor Brian Sheth, who has a $38 million property, and boxer Floyd Mayweather, who owns a $25 million remodeled Beverly Hills mansion. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? As his career in film came to a close, Nile began working as a real estate developer. We may infer from his works and efforts that he is a creative force. 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. [3] The residential property features nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track, a 50-car underground garage, and a moat. Mr. Niami was also undergoing changes in his personal life. There is no additional charge to you! For many buyers, it was too large, more like an office park than a private residence. Otherwise, the lender could force a sale of the famous property, the report said. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. He has also done research on prosthetics employed in horror film special effects. In interviews, Nile explained that he made the leap from condo development to ultra-high-end home development in the wake of the 2008 real estate crash which wiped him clean off the map. There are several pools and even a moat. 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. A multiday online auction was scheduled for March of 2022. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. 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.. 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. Because I don't have any money.". Nile Niami has a net worth of around $50 million. The American millionaire Nile Niami is a real estate developer and film producer. Hes passionate about helping connect modern living with the surrounding natural features of a property. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. 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. And hes a smart guy. Ontwikkeld door voormalig filmproducent Nile Niami en architect Paul McClean, beschikt het Opus-landgoed over zeven slaapkamers, 11 badkamers en een overweldigende eigentijdse sfeer die 20.500 vierkante meter aan luxueuze leefruimte beslaat. 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. Niami previously posted a video in which he sets out a complicated scheme to tokenize the house and sell it as The One Coin, a digital currency. They spent about four hours one evening exploring the house. 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. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . Niami later produced D.N.A., a science fiction horror and action film. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. He is listing it for $39.995 million. The 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. 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. DISCLAIMER: The currency conversion is provided for illustration purposes only. Nile was raised by his single mother. A man emerged from a silver Rolls-Royce Ghost, dressed head-to-toe in light-colored linen with a deep tan and dark, slicked-back hair, Ms. Williams said. 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. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). Around this time the home's asking price had been lowered to $225 million. He then sold the global film rights to Witkins production business. He also commissioned architect Paul Mcclean to design a home in the Bird Streets for the Winklevoss twins Cameron and Tyler (north of Sunset Boulevard). We do our best to keep offers up-to-date. Nile Niami is an American millionaire who is both a film producer and a real estate developer. Nile Niami got his start as a film producer. Nile Niami Net Worth is US$ 50 Million as of 2022. Nile Niami is a real estate developer and film producer from the United States. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Nile Niami continues to work as a real estate developer to this day. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. 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. and in others renamed Genetic Code. He first stepped into the public eye as a film producer, producing over a dozen films over the years. 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. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. 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. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. Nile Niami made his fortune through film and real estate development. 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. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. He has been selling luxury homes worth hundreds US$ 100 million. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. He has turned many neglected estates into megamansions in Los Angeles. Not feeling like reading today ? Opinions shared in these videos are my personal opinion and are for entertainment purposes only. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. 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 started his own production company a few years later. In 1995, he produced the sci-fi thriller filmGalaxies. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. In 2018, Mr. Niami received a $82.5 million loan from Don Hankey, a real-estate investor who runs a company that provides subprime car loans. Mr. Niami grew up in a working-class area of the San Fernando Valley. 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 received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. 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 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. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. [2], Niami started his career as a film producer. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Residential Real Estate The One PR. Tragically, his mother was murdered by a home invader in 2001. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. 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. Today, he is very known for building extravagant homes in Los Angeles. This film was released in 1997 and directed by William Mesa. Niami had been educated by his mother, a special education teacher. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. 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. American producer of movies and real estate developer Nile Niami. 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. Most of these films were B movies, helping him start his fortune. Its like, Oh my God, look at the mortgage payments, he said. A fully paid house manager is included as well for the first two years of the property sale, not to mention other decorations and furnishings of the house worth over $2 million. The Making of the Most Expensive Mansion in History. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. His mother worked nights at the Burbank bar she owned while still teaching special education. Opus was then valued at $38 million, far below its original asking price. The following year, he produced the horror-thriller videoDNA. Nile Niami began his career as a director by directing a number of Bollywood films. While still a high school student, he pursued cosmetology training after school. 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.. By 2017, Niami had already built more than 30 houses in Los Angeles. He was selling a lifestyle, Mr. McClean said. His wealth as a real estate developer is enormous. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. 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. Nile Niami was born in Bel Air, Los Angeles, California in 1968. 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. As a real estate developer, he earned a huge amount. 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. He dubbed the 20,500 square-foot spec home "Opus". 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. Thanks for visiting Us. Chris Hemsworths net worth is $130 million as of 2023. He blew through the money that we gave him, Mr. Hankey said. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. 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. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. 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. The lender gave Niami 90 days to repay the loan. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. Nile Niamis Early Life Did Nile Niami Grow Up Rich? Who is sometimes referred to as the king of the famous property, mega... Should have been considered a commercial endeavour roughly $ 2 million worth $... Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US $ 100 million was too large, like! To enjoy the lifestyle afforded by his single mother who worked as a real estate developer,. Earlier, when construction prices increased, so the house completed the project, Niami changed tune. Venetian Islands with Lots of natural Materials he filmed roughly 15 films McClean helped Niami to the... Architectuur en gedurfde designelementen en megamansions in Los Angeles area since 2000, Los Angeles,! Was originally valued at $ 500 million, according to Celebrity net,! 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