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. 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). ft. spec home The One which Niamis listed for US$ 500 million. He produced the thriller The Watcher in 2000. He then produced the 1997 action filmT.N.T. It sold for only $126 million, a price significantly lower than originally projected. By 2017, Niami had already built more than 30 houses in Los Angeles. It was technically a loss after the cost of renovations and improvements. He has been selling luxury homes worth hundreds US$ 100 million. He had mastered the craft of selling since he was a little child. He also produced the 2000 mystery-thriller filmThe Watcher. 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. The following year, he produced the horror-thriller videoDNA. Nile Niami (Photo by Araya Diaz/Getty Images). Shares the stories you may have missed from the world of luxury real estate. Nile Niami is probably best-known for constructing a 105,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. A multiday online auction was scheduled for March of 2022. However, some experts place his net worth significantly lower, around $10 million. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. We now know everything about Nile Niami and his net worth. However, Niami eventually realized that he would not make enough profit from movies as a producer. It entailed living in the mansion and holding boxing fights and charity galas in which celebrities such as Michael Jackson and Whitney Houston would perform via hologram. His net worth is $10 millionRead More Lewis Capaldi Biography, Age, Wife, Sister, Father, Someone You Loved, Songs, Net Worth & Wiki, Christopher Hemsworth, also known as Chris Hemsworth, is an Australian actor, model, and producer. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. Nile Niami Was Born When? It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. 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. The film was directed by Matt Early Beesley. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Nile Niami is married to Yvonne Niami. For many buyers, it was too large, more like an office park than a private residence. 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. Unfortunately, the property was seized when Niamis company filed for bankruptcy. The One is Nile Niamis most ambitious project. Nile Niami. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'biographyhost_com-medrectangle-4','ezslot_7',115,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-4-0'); In 1998, he produced filmsPoint Black,The Patriot, andThe Survivor. Mr. Saghian declined to comment on that accusation. He is well-known as the daring man who constructs mega-mansions for celebrities. Ms. Niami didnt respond to requests for comment. Nile Niami is well-known as a professional realtor. 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 One was a hard sell, according to agents who toured the property. The entire property sits on an impressive acre. Niami. However, Niami eventually realized that he would not make enough profit from movies as a producer. Originally,. This isnt the first time that a Niami mega mansion has run into difficulties. It was 2011, and she was waiting for a potential buyer. 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. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. 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. He constructed upon his success as a movie producer and real estate developer. in 1997, "Point Blank", "The Patriot" in 1998, "The Survivor" in 1998, "Resurrection" in 1999, "The Watcher" in 2000, and "Camouflage" and "Tart", both in 2001. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. all Biography and data about your favorite person are correct. 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. Nile Niami is currently living a single life. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. He then became a real estate developer. The property has a 50-car garage, four lane bowling alley, cigar room, multiplex-size movie theater, private nightclub (complete with VIP section), five elevators and a 10,000-bottle wine cellar. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. You know why? Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. 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. (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.). Bryce Hall Net Worth, Early Life, Career, & Personal Life. 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. It was built by Nile Niami, who promoted it as the "biggest and most expensive. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. His largest and most famous build, a house called The One, has been the topic of many front-page news reports in 2021 and 2022. What are your thoughts on the One being finally sold ? Since its sale, creditors have been fighting over who get paid how much, since the house did not make enough money to pay for everything it owed. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Chris Hemsworths net worth is $130 million as of 2023. As of 2022, his net worth was approximately $50 million. 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 and his wife split in 2017, according to reports. 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. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. Shirley is the Managing Editor at EC The Hub. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. Nile Niami continues to work as a real estate developer to this day. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Today, he is very known for building extravagant homes in Los Angeles. Thanks for visiting Us. 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. The divorced couple has two sons, Bryce and Brent. 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. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. Menu. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. Be the first to know when new posts come out! He began his career as a film producer before moving into real estate development. The One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. At the age of 19, he started working with his elder brother Doug Witkins. 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. After a year, he earned great success with his luxury specs house. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. He is currently 54 years old and carries the Pisces zodiac sign. Around this time the home's asking price had been lowered to $225 million. While he occasionally uses social media, he gains no income from his social media accounts. Nile Niami was born on February 25, 1968 in Los Angeles, California. T.N.T., his debut action film, was released in 1997. 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.. Previously, he was married toYvonne Niami. 2023 Celebrity Net Worth / All Rights Reserved. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. 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 $2 million. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. He first stepped into the public eye as a film producer, producing over a dozen films over the years. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. McClean uses his years of experience to create visually interesting, modern living areas. He also developed condo complexes. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. Jay Influencer March 27, 2022 Luxury, Finance No Comments 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. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. 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. 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. Mr. Niami was also undergoing changes in his personal life. MUST BE READ:What Is the Net Worth of Johnny Knoxville? He started out as a film producer then transitioned into the real estate development world. Over the years his flips got more and more expensive. Niami, known. Not feeling like reading today ? We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. He blew through the money that we gave him, Mr. Hankey said. He is best known for constructing a 105,000 sq. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. 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. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. 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. Roughly $2 million worth of art and other accessories were included in the price. The action film was about a group of prison escapees who took control of a mall. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. He appears to be overly preoccupied with his profession. This site includes affiliate links. The Nile is said to have a special affinity with his sons. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. Niamis site invites viewers to come see inside his inner life through regularly shared video content. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Nile Niami Net Worth is US$ 50 Million as of 2022. There are seven water features on the site, including a large moat that runs around the perimeter. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. He then learned about special effects prosthetics for horror films. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. He was reared by a single mother who worked as a special education teacher, according to accounts. Ted Lanes of Lanes Management was appointed as receiver. With perhaps one exception, these violations were not caused by me, he said. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. He worked on developing and flipping houses. While still a high school student, he pursued cosmetology training after school. Additionally, he built about 30 luxury homes in Los Angeles. 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. Thank you for supporting my channel. His app, Wolfpack, is no longer available. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. In 1995, he produced the sci-fi thriller film Galaxies as a result. 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. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. He started his own production company a few years later. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Nile Niami is a real estate developer and film producer from the United States. In 1999, Niami produced a horror film, Resurrection. 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. 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 . He first stepped into the public eye as a film producer, producing over a dozen films over the years. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. As a real estate developer, he earned a huge amount. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. The American millionaire Nile Niami is a real estate developer and film producer. Leave a comment below. His average annual salary is around $97,911 each year. 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.. 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 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. 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. Add all three to Cart . This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. 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. [2] Your email address will not be published. All property prices are as stated by the listing agent. This first film received many negative reviews. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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. Nile Niami trains skilled individuals. Nile Niami is a former film producer. 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. He then completed the construction of the megamansion in early 2021, after eight years of development. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. After spending several years in film production, Nile Niami began working in real estate development. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. Nile and Yvonne have two sons,BryceandBrent. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. 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. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. After an eight-year development, it will be completed in 2021. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. She also started the charity clothing business N: Philanthropy. He was born and raised in the San Fernando Valley in Los Angeles. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Niamis debt had risen to over $190 million. In March, The One sold at auction for just $126 million plus commissions and fees, far less than the roughly $190 million debt outstanding on the house, according to bankruptcy filings. Nile Niami is a real estate developer based in Southern California. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. 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.. 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. Show details Hide details . He also produced a large number of films, the majority of which were B movies made for direct-to-video. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. He was selling a lifestyle, Mr. McClean said. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. Niami cut the asking price up to $85 million in September. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. 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. 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 $15 million. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. The bigger they are, the harder they fall, goes the old adage, and that definitely applies to Nile Niamis colossal mega-mansion, The One, which has gone into receivership after amassing millions of dollars in loans and obligations. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. Nile Niami is a former film producer. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. He built two mansions in the Holmby Hills neighborhood. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. 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