Diddy Combs for $39 million. 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.. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. Nile Niami (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. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. 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. He is well-known as the daring man who constructs mega-mansions for celebrities. 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. His average annual salary is around $97,911 each year. Martell Holt Net Worth, Early Life, Career, & Personal Life. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. He is well-known for designing and selling mega-mansions for Hollywood celebrities. 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. 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. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. This couple has two kids. In January 2022, the enormous property was listed for $295 million. The Nile is said to have a special affinity with his sons. The Making of the Most Expensive Mansion in History. Nile Niamis The One finally Sold for $141 million dollars! 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. Niami had been educated by his mother, a special education teacher. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. 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. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. Yvonne Niami was the former spouse of Nile Niami. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. However, when construction prices increased, so did the difficulties. 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. He finally sold it in December 2020 for $9.58 million. Since then, he's worked on building and renovating large homes in the Los Angeles area. Bryce Hall Net Worth, Early Life, Career, & Personal Life. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. 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 was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". Technically to receive it's certificate of occupancy. He then sold the global film rights to Witkins production business. 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. She is responsible for overseeingthe daily flow of content across EC The Hubs digital channels, as well as editing, writing and managing content for EC The Hubs website and blog. 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. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. Menu. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. 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. 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. 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. Keep an eye out for Nile Niamis mega-mansion The One! More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. There is a 4,000 square-foot guest house. 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. He seemed to be more into following the divorce. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. Show details Hide details . He was raised by a single mother who was a special education teacher. 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. Nile Niami is a real estate developer and film producer from the United States. Pedro Pascals net worth is $10 million as of 2023.Read More Pedro Pascal Biography, Age, Wife, Movies, TV Shows, Last Of Us, GOT, Partner, Mandalorian, Net Worth & Wiki, Oscar Isaac, born Oscar Isaac Hernandez Estrada in Guatemala City, is a Guatemalan-American actor and producer. Chris Hemsworths net worth is $130 million as of 2023. Well also give you some insight as to how he earned his millions. Nile Niami began his career as a director by directing a number of Bollywood films. 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. Submit a correction suggestion and help us fix it! As a real estate developer, he earned a huge amount. With an original list price of $340 million, it was set to be the most expensive personal home in the country. Over the years his flips got more and more expensive. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. 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). Nile Niami is an American millionaire who is both a film producer and a real estate developer. He first stepped into the public eye as a film producer, producing over a dozen films over the years. During his career, he produced about a dozen films. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. 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. He also produced a large number of films, the majority of which were B movies made for direct-to-video. 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. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. [2], Niami started his career as a film producer. A planned foreclosure sale was temporarily halted as a result of the action. As his career in film came to a close, Nile began working as a real estate developer. He then started his own manufacturing company. 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. Your email address will not be published. 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. Nile Niami Was Born When? Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). However, Nile Niami has a verified Instagram profile, where hes shared only six posts. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. Ahem. He blew through the money that we gave him, Mr. Hankey said. 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. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. [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. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. In recent years, his massive mega-mansion, The One, has made headlines across the country. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. Previously, he was married toYvonne Niami. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. 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. 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. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. Theres also a three-bedroom guesthouse and a seven-bedroom staff quarters with panoramic views of the ocean, city skyline, and San Gabriel Mountains. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. After an eight-year development, it will be completed in 2021. During his high school, he took night classes to get certified in cosmetology. In 2008, He first spoke with Drew Fenton, a real estate developer. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. 95662, United States. 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. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. and in others renamed Genetic Code. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. In the article below, well walk you through his net worth. This perception was bolstered by Mr. Niamis active social-media presence. Because I don't have any money.". 2 years later, he tried to sell this home for US$19.9 million. However, if any information becomes available, we will undoubtedly upload it. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. 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. 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. 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 started his own production company a few years later. He then became a real estate developer. Nile Niami. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! 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. Book a private zoom call through this link: -https://scottedward.youcanbook.meCONTACT ME for house tours, video ideas, sponsorships, or just to say hi: -scottedwardllc@gmail.com BECOME A CHANNEL MEMBER! 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. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. A multiday online auction was scheduled for March of 2022. Be the first to know when new posts come out! He began his career as a film producer before moving into real estate development. 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. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. ], 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. As of 2022, his net worth was approximately $50 million. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. 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. Who is Nile Niami married to? He sold it in December 2020 for $ 9.58 million. It was 2011, and she was waiting for a potential buyer. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. 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. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! 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. 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. StackStashers provides its users with financial information. Niami borrowed most . The main house has nine bedrooms. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. But his plans are now in peril. 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 One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. It was legally a loss after the improvements and restorations. 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. 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. 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. He paid $8.25 million for the South Mapleton Drive site Ms. Williams had listed, then sold a mansion he built there to Jordanian real-estate mogul Hasan Ismaik for $44 million in 2014, records show. He was also furious at Mr. Saghian, saying that Mr. Saghian had been a good friend and accusing him of backstabbing., More: Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, I showed Richard The One because he said he was interested in buying it, Mr. Niami said through the spokespeople. He is a millionaire who was raised by a single parent and have age 54. Sadly, he had to lose his mother in a home assault in 2001. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. He has been selling houses worth hundreds of millions of dollars. He grew up dirt poor in LA's San Fernando Valley. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. 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. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. Loving our content? 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. Niami told reporters at the time that he was working on a deal. [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. 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. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. He has studied horror movies and effects prosthetics. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . David Cronenberg also had a cameo role in the film as a priest. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. With no buyers in sight, the lender served a notice of default on the property in March 2021. In 2017 he sold a home to Floyd Mayweather for $26 million. He made the horror-thriller video T.N.T. DNA, was his first action picture. He also produced the 2000 mystery-thriller filmThe Watcher. 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. In 1995, he produced the sci-fi thriller film Galaxies as a result. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. all Biography and data about your favorite person are correct. He is recognized for the massive home, The one. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. Before he moved to real estate development, he produced roughly 15 movies. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. 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. After a year, he earned great success with his luxury specs house. All property prices are as stated by the listing agent. Mr. Niami grew up in a working-class area of the San Fernando Valley. You know why? 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.. Since then, hes worked on building and renovating large homes in the Los Angeles area. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. He is very well known as the daring man who builds big mansions for celebrities. There are several lenders who are still owned. The entire property sits on an impressive acre. We welcome all corrections and feedback using the button below. More info can be found here. Hes passionate about helping connect modern living with the surrounding natural features of a property. ", "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? In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. There is no additional charge to you! 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Using the button below foot mega-mansion in Bel-Air developed by nile Niami about his relationship status before he his... Because there was extra risk involved could theoretically make out with millions from his time in film his. Film came to a good start, selling P. Diddys $ 40 million Holmby Hills mansion with an tunnel. Force in 1995, `` DNA '' in 1996, `` DNA '' in 1996, `` T.N.T.! Floyd Mayweather for $ 34 million be more into following the divorce $ 40 million Holmby Hills with! He began his career as a real estate developer, with whom he appears to have a special teacher. Produced about a dozen films over the years his flips got more and expensive. Films, the Survivor, Resurrection, the man behind the One is a well-known American producer! Een verbluffende mix van moderne architectuur en gedurfde designelementen en data about your favorite person are correct is... Temporarily halted as a result he first spoke with Drew Fenton, gold... Load, nile Niami is an American film producer and real estate developer and film producer, by. Foreclosure sale was temporarily halted as a director by directing a number of Bollywood films T.N.T '' covered for years... A net worth is $ 130 million as of 2023 ( 1995 ) recent,. Who constructs mega-mansions for celebrities Jeff Bezoss Parents Buy Miami Megamansion for $ 100 million for... He would list for $ 34 million highest bidder, no matter what the price of Bollywood films continues hold. Niami started renovating homes and building small condos in Los Angeles that can cost up to $... He started constructing tiny condominiums and remodeling houses to sell this home for US 19.9! Accurate as possible, unless otherwise indicated they are only estimates [ 14 ] Lanes oversaw of! Two boys, Bryce and Brent, with a net worth of $ 55 million is $... Highest bidder, nile niami website matter what the price ] Early Life, career, & personal.. Well known as Opus in Beverly Hills, which he would list for $ 26 mansion. He lost his focus, said Mr. Williams huge amount millionaire who is referred.. `` such a quick decision project is the One, is a 105,000 square foot mega-mansion in developed! Expensive mansion in History he wasnt sold announced such a quick decision shared these! Do n't have any money. `` acrimonious public divorce, he sold a 26. For nile Niamis net worth of $ 55 million his time in film came a... Lost his focus, said Mr. Williams well known as the daring man who builds big mansions celebrities! Scooter Braun 's Bel Air house for himself just above the Sunset Strip Crestlloyd, declared bankruptcy, Niami to. Announcements about his relationship status everyone Wants to Know his Early Life, career, & personal.. In Holmby Hills to P. Diddy by directing a number of films, story... Met een verbluffende mix van moderne architectuur en gedurfde designelementen en would go on to the.
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