We now know everything about Nile Niami and his net worth. 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. Keep an eye out for Nile Niamis mega-mansion The One! Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. David Cronenberg also had a cameo role in the film as a priest. 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. Ahem. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. They included citations for loud or unruly gatherings and one for serving alcohol to minors. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. His wife, Yvonne Niami, is also involved in philanthropic efforts. 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. The film was directed by Matt Early Beesley. There are several pools and even a moat. Niami borrowed most . Thank you for supporting my channel. This first film received many negative reviews. Our Articles differ from international news to the freshest tools to snippets about viral content. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. After an eight-year development, it will be completed in 2021. At the age of 19, he started working with his elder brother Doug Witkins. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. 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. 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. Chris Hemsworths net worth is $130 million as of 2023. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. He then became a real estate developer. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. 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. Nile Niami (Photo by Araya Diaz/Getty Images). 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. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. He is a millionaire who was raised by a single parent and have age 54. On February 25, 1968, Nile Niami was born in Los Angeles, California. McClean uses his years of experience to create visually interesting, modern living areas. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. The latest episode of The Last of Us showed STARZ is an American TV station that has a What Is the Net Worth of Johnny Knoxville? In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. Choose items to buy together. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. They spent about four hours one evening exploring the house. Niamis debt had risen to over $190 million. 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. 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. In 2008, He first spoke with Drew Fenton, a real estate developer. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? [2] 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 . Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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 first spoke with a real estate agent Drew Fenton. He said that construction on The One stopped and started over the years because funds were disbursed slowly by Mr. Hankey, and that Mr. Niami had to advance money to pay for the construction. Nile Niami is currently living a single life. Unfortunately, the property was seized when Niamis company filed for bankruptcy. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. Lets look at some of his lessons. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. He has been selling houses worth hundreds of millions of dollars. StackStashers provides its users with financial information. 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. 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. Niami borrowed tens of millions of dollars over the years to fund the massive project. He also developed condo complexes. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Nile was born in the year 196 in Los Angeles, California. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. He sold it in December 2020 for $ 9.58 million. 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. 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. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Since then, hes worked on building and renovating large homes in the Los Angeles area. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . 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. He worked in special effects for low-budget movies before starting his own production company in 1994. Who is Nile Niami married to? You know why? Nile Niami is married to Yvonne Niami. Sadly, he had to lose his mother in a home assault in 2001. 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. Estimates for Niamis net worth sit around $50 million. The asking price$500 million . Nile Niami Was Born When? He first stepped into the public eye as a film producer, producing over a dozen films over the years. More info can be found here. His average annual salary is around $97,911 each year. 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. The receivership marks a stunning reversal for "The One". Nile Niami is a real estate developer based in Southern California. He had mastered the craft of selling since he was a little child. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. We assure our audience that we will remove any contents that are not accurate or according to formal reports and queries if they are justified. Nile Niami is an American film producer and real estate developer. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. and in others renamed Genetic Code. Before he went into real estate development, he filmed roughly 15 films. Some of these items ship sooner than the others. Nile Niami made his fortune through film and real estate development. 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. See you next video! Shirley is the Managing Editor at EC The Hub. Before he moved to real estate development, he produced roughly 15 movies. In 1999, Niami produced a horror film, Resurrection. Mr. McClean said Mr. Niami had a knack for equipping his homes with flourishes that appealed to wealthy buyers: a monogrammed towel here, a spritz of perfume there. 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. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Martell Holt Net Worth, Early Life, Career, & Personal Life. 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. Niami, known. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. Nile Niami is well-known as a professional realtor. He is recognized for the massive home, The one. Tom Hiddlestons net worth is $40million as of 2023. EC The Hub may cover news associated with technology, devices, and the Digital world. 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. 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. Residential Real Estate The One PR. In 2017 he sold a home to Floyd Mayweather for $26 million. 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. Nile Niami is a former film producer. 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. He then produced the 1997 action filmT.N.T. The creator of the tequila company VIVA XXXII is his ex-wife. 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. We welcome all corrections and feedback using the button below. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. 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. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. 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. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. He was selling a lifestyle, Mr. McClean said. He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. He has also done research on prosthetics employed in horror film special effects. In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. Nile Niami has a personal net worth of US$ 50 million as of 2022. 2023 Celebrity Net Worth / All Rights Reserved. In March, The One sold at auction for just $126 million plus commissions and fees, far less than the roughly $190 million debt outstanding on the house, according to bankruptcy filings. Nile Niami has a net worth of US$ 50 million as of 2022. Niami had been educated by his mother, a special education teacher. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. The house is also poised to create history as the most expensive home in the world ever to sell at auction, according to marketing materials. 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. 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. Bryce and Brent Niami are the names of Niles kids. 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. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. 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. We do our best to keep offers up-to-date. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. 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. The Nile and his wife got divorced due of unbridgeable differences. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Its like, Oh my God, look at the mortgage payments, he said. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. Niami told reporters at the time that he was working on a deal. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) [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. 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. Yvonne Niami was the former spouse of Nile Niami. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. However, as Niamis hopes and dwellings grew, so did his losses. In 2017, the couple parted ways. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. Your email address will not be published. People started coming in and they started copying me, he said in 2018. 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. He constructed upon his success as a movie producer and real estate developer. In the same year, he also created the romantic crime drama Tart.. all Biography and data about your favorite person are correct. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. 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. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. There are seven water features on the site, including a large moat that runs around the perimeter. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. It sold for only $126 million, a price significantly lower than originally projected. T.N.T., his debut action film, was released in 1997. Of debt in its wake 97,911 each year development, he started working with his elder brother Witkins! & quot ; the one 50 million as of 2022, producing over a dozen films over the years feedback... $ 9.58 million he filmed roughly 15 movies also done research on employed... Or more to intrigue Mr. Saghian, Mr. Niami hadnt obtained a certificate of occupancy, so the.. One for serving alcohol to minors for bankruptcy at EC the Hub bankruptcy. 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