Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. All net worths are calculated using data drawn from public sources. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. Niamis site invites viewers to come see inside his inner life through regularly shared video content. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. This isnt the first time that a Niami mega mansion has run into difficulties. This couple has two kids. 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. In 2008, He first spoke with Drew Fenton, a real estate developer. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. He declared, Im gonna make an offer.. Furthermore, he has created numerous popular programmes and films, like The Galaxies, The Watcher(2000), The Patriot, and The Survivor(1988), which helped him make millions. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. She also started the charity clothing business N: Philanthropy. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. Nile Niami is married to Yvonne Niami. 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. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Technically to receive it's certificate of occupancy. The creator of the tequila company VIVA XXXII is his ex-wife. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! Michal Czerwonka for The Wall Street Journal 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. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. 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. It was written by Nick Davis and directed by William Mesa. The price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. Nile Niami has a net worth of around $50 million. He is well-known as the daring man who constructs mega-mansions for celebrities. Around this time the home's asking price had been lowered to $225 million. Most significantly, McClean helped Niami to design The One.. Not feeling like reading today ? He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. 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 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. Ahem. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. The lender gave Niami 90 days to repay the loan. There are several lenders who are still owned. 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. 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. Chris Hemsworths net worth is $130 million as of 2023. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. Nile Niamis The One finally Sold for $141 million dollars! In 2017, the couple parted ways. Most of these films were B movies, helping him start his fortune. Please see our full disclaimer for more details. Diddy Combs for $39 million. Who is Nile Niami married to? It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. Lets look at some of his lessons. Shares the stories you may have missed from the world of luxury real estate. As of 2022, his net worth was approximately $50 million. 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. At the age of 19, he started working with his elder brother Doug Witkins. He was selling a lifestyle, Mr. McClean said. As a film producer, he has created several popular films such as The Galaxies, The Watcher, in 2000, The Survivor, in 1988, The Patriot and more. 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. People started coming in and they started copying me, he said in 2018. Before he went into real estate development, he filmed roughly 15 films. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. 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. He is recognized for the massive home, The one. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. 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.. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. 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.. 2 years later, he tried to sell this home for US$19.9 million. Martell Holt Net Worth, Early Life, Career, & Personal Life. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. 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. What do you think Nile Niami net worth? As of 2022, his net worth was approximately $50 million. Type: Dwarf Blue Lily of the Nile "Peter Pan" Houseplant Flower Seeds ; Ship From US ; Buy it with + + Total price: To see our price, add these items to your cart. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. He began working as a real estate developer. [2] He was raised by a single mother,[3] a special education teacher. Ms. Niami didnt respond to requests for comment. See you next video! 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. His average annual salary is around $97,911 each year. Many of the homes he built sold for significant sums, helping him to amass his fortune. [2] His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. He is a millionaire who was raised by a single parent and have age 54. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. There is a 4,000 square-foot guest house. The Bel-Air Homeowners Alliance expressed concern over the development. He made the horror-thriller video T.N.T. DNA, was his first action picture. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. He then sold the global film rights to Witkins production business. We commit to cover sensible issues responsibly through the principles of neutrality. 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. Unfortunately, the property was seized when Niamis company filed for bankruptcy. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. The divorce filing cited irreconcilable differences as the reason for their separation. 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. 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. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. While he occasionally uses social media, he gains no income from his social media accounts. Nile Niami has a personal net worth of US$ 50 million as of 2022. Mr. Saghian declined to comment on that accusation. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. He was born and raised in the San Fernando Valley in Los Angeles. Originally,. Last year, the property was placed in receivership and ultimately declared bankrupt. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. To add to the extravagance of the home, theres a moat surrounding the entire estate. This first film received many negative reviews. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! However, as Niamis hopes and dwellings grew, so did his losses. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. We may infer from his works and efforts that he is a creative force. 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. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. The case included Jurgen Prochnow and Mark Damascus. Nile Niami (Photo by Araya Diaz/Getty Images). Opus was then valued at $38 million, far below its original asking price. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. Recent posts on his verified Instagram account point to his current project, The One Truth Network. In today's episode, we talk about this update.REAL ESTATE INVESTING COURSE -https://scottedwardrealestate.com/real-estate-investing-course/FOLLOW ME ON INSTAGRAM -https://www.instagram.com/scottedwardrealestate/ CHECK OUT MY WEBSITE (for more info about my real estate investing story) -https://www.scottedwardrealestate.comMEET WITH ME ONE-ON-ONE to talk about real estate investing, starting a youtube channel, or anything else. Nile Niami was born in Bel Air, Los Angeles, California in 1968. 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. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Loving our content? According to a two-part home tour broadcast on YouTube in April, the huge property has 20 bedrooms, including eight bedrooms for the employees and a three-bedroom guest house, approximately six elevators, a library, cigar room, and confectionery room. T.N.T., his debut action film, was released in 1997. His app, Wolfpack, is no longer available. 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 trains skilled individuals. In January 2017, she filed for divorce after 18 years of marriage. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. 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. 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. 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. 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! But his plans are now in peril. 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. As his career in film came to a close, Nile began working as a real estate developer. 2023 Celebrity Net Worth / All Rights Reserved. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. He also produced a number of well-known programmers and films. 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 $250 million. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Nile Niami Net Worth is US$ 50 Million as of 2022. 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 $165 million worth of loans. He then started his own manufacturing company. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. With perhaps one exception, these violations were not caused by me, he said. 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. 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. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. 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. He produced the thriller The Watcher in 2000. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. 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. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). 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. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. 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. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. After some years he launched his own production company. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. 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. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. Later, he became a real estate developer. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. In 1995, he produced the sci-fi thriller film Galaxies as a result. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. We now know everything about Nile Niami and his net worth. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. In a failed venture, Nile created an app for single men looking for friends. Two years later he sold a mansion in Beverly Hills for $38.3 million. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. 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). He then became a real estate developer. Our Articles differ from international news to the freshest tools to snippets about viral content. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. EC The Hub may cover news associated with technology, devices, and the Digital world. Choose items to buy together. 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. 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. He also produced a large number of films, the majority of which were B movies made for direct-to-video. By 2018, records show, Mr. Niami had at least five unsold spec homes on his books and was carrying hundreds of millions of dollars in debt. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Leave your comments down below! Ted Lanes of Lanes Management was appointed as receiver. Today he is best-known for. Your email address will not be published. He has turned many neglected estates into megamansions in Los Angeles. 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. How much is he worth, exactly? Nile Niami is a fo. It sold for only $126 million, a price significantly lower than originally projected. 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. A decade in the making, mega-mansion developer Nile Niami's dream of constructing "the One," a 105,000-square-foot spec mansion on a five-acre parcel in Bel-Air, has been buried under $165. That, however, never happened. 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. Initially, he thought no one would be interested in high-valued specs homes. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. 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, GQ reported that the mansion was the most expensive mansion in history. January 3, 2022. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California What Is Tom Selleck Net Worth? He started his own production company a few years later. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. A nightclub, a full-service beauty salon, a wellness center, a 40-seat home theater, a bowling alley, a 10,000-bottle wine cellar, a 30-car garage, and a 400-foot private outdoor jogging track are among the amenities. On February 25, 1968, Nile Niami was born in Los Angeles, California. 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. He came from nothing. 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. 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. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. The receivership marks a stunning reversal for "The One". He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. Was then valued at $ 50 million, but reportedly rejected it their authenticity: Out-of-Towners Migrating Relatively. 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