As a result, he became well-known within the real estate sector fast. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. [2], Niami started his career as a film producer. 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. Nile Niami got his start as a film producer. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. This isnt the first time that a Niami mega mansion has run into difficulties. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California Not feeling like reading today ? There is no additional charge to you! The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. And hes a smart guy. He also produced a number of well-known programmers and films. Unfortunately, the property was seized when Niamis company filed for bankruptcy. The Making of the Most Expensive Mansion in History. It was legally a loss after the improvements and restorations. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. Nile Niami has a personal net worth of US$ 50 million as of 2022. He has turned many neglected estates intomegamansionsin Los Angeles. He started his own production company a few years later. Tragically, his mother was murdered by a home invader in 2001. January 3, 2022. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. Nile Niami is a fo. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. [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. He has also done research on prosthetics employed in horror film special effects. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. Nile Niami first spoke with a real estate agent Drew Fenton. Nile Niami is a real estate developer and film producer from the United States. 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. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. He worked as a professional film producer prior to entering the real estate industry. This marks the first of the 50 locations that Nile Niami plans to open. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Please see our full disclaimer for more details. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. 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. [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 was born in 1968 and is currently residing in Los Angeles, California. He sold it in December 2020 for $ 9.58 million. Now, as a real estate developer in Los Angeles, Niami built a home in lowly hills that was valued at the US $44 million and was sold to a buyer from Saudi Arabia. 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 . [1], Niami was born in 1968 in Los Angeles, California. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. Thank you for supporting my channel. 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. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. How much is he worth, exactly? And one more thing.. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . However, we do not have access to information on his schooling. While still a high school student, he pursued cosmetology training after school. Real-estate agent Rayni Williams stood under the hot Los Angeles sun, her Manolo Blahnik heels digging into the dirt of a vacant development site priced at $8.995 million on tony South Mapleton Drive. He then started his own manufacturing company. 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. After the couple split, Mr. Niami developed a reputation in the real-estate industry as a party boy, according to business associates who worked with him during that period. Eminems net worthRead More Eminem Biography, Age, Daughter, Wife, Albums, Songs, Net Worth & Wiki, Jake Paul, also known as Jake Joseph Paul, is a professional boxer, YouTuber, actor, online celebrity, and rapper from the United States. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. To add to the extravagance of the home, theres a moat surrounding the entire estate. You know why? The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. 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. Even if the spread sells for its original $500 million asking price, a New Yorker realtor-turned-Italian princess is auctioning a Roman villa this month for $534 million, which is sure to be met. Required fields are marked *. He is a millionaire who was raised by a single parent and have age 54. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. In 2017 he sold a home to Floyd Mayweather for $26 million. At the age of 19, he started working with his elder brother Doug Witkins. He has been selling houses worth hundreds of millions of dollars. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. 2023 Celebrity Net Worth / All Rights Reserved. He really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. ], 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! The following year, he produced the horror-thriller videoDNA. Before he went into real estate development, he filmed roughly 15 films. He also produced the 2000 mystery-thriller filmThe Watcher. [2] He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. His mother worked nights at the Burbank bar she owned while still teaching special education. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Well also give you some insight as to how he earned his millions. 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 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. 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. 95662, United States. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. There is a 4,000 square-foot guest house. It broke the previous record that was set in 2021 when The Hearst Estate in Beverly Hills sold at auction for US$63.1 million. He is currently 54 years old and carries the Pisces zodiac sign. He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. 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. Nile Niami made his fortune through film and real estate development. Niami, known. Our Articles differ from international news to the freshest tools to snippets about viral content. 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. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. Niamis debt had risen to over $190 million. Later, he became a real estate developer. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. Niami had been educated by his mother, a special education teacher. More info can be found here. This first film received many negative reviews. 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. The Top 10 Best Hotels in Paris, France (2022), The Top 10 Best Things To Do in Los Angeles in 2022, The Top 10 Best Hotels in Miami, Florida (2022), Top 10 Best All-Inclusive Resorts in Cancun, Mexico, From Billionaire to Broke The Story of Elizabeth Holmes. [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. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. Mr. Niami said he was renting the homes to third parties at the time. Bryce and Brent Niami are the names of Niles kids. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. We were trying to limit our funds to make sure that they went in the right place.. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! He has studied horror movies and effects prosthetics. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. The home made waves with its enormous size and $500 million price tag. 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. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. 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. 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. Diddy Combs for $39 million. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. The Nile and his wife got divorced due of unbridgeable differences. EC The Hub may cover news associated with technology, devices, and the Digital 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. He then became a real estate developer. The film was directed by Matt Early Beesley. Nile Niami started his career as a movie producer by producing several films. He also built a 14,000-square-foot house for himself just above the Sunset Strip. There are several kitchens. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. 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. MUST BE READ:What Is the Net Worth of Johnny Knoxville? 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. Nile Niami. In 2015, GQ reported that the mansion was the most expensive mansion in history. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. With an original list price of $340 million, it was set to be the most expensive personal home in the country. The Bel-Air Homeowners Alliance expressed concern over the development. 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. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. 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.. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. 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. 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. We commit to cover sensible issues responsibly through the principles of neutrality. 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. 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. However, some experts place his net worth significantly lower, around $10 million. 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. Originally,. After some years he launched his own production company. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. 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