In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. 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. He made the horror-thriller video T.N.T. DNA, was his first action picture. He then started his own manufacturing company. 420 Lexington Avenue, Suite 300 The divorced couple has two sons, Bryce and Brent. Not feeling like reading today ? This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. [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. 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. It was legally a loss after the improvements and restorations. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. 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 . ", "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 $126M", "So who bought L.A.'s 'The One' mega-mansion? Nile Niami (Photo by Araya Diaz/Getty Images). Nile Niami is an American film producer and real estate developer. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. Do you know how much these celebrities earn? The guy was Nile Niami, then an up-and-coming developer in his early 40s with ambitious plans in the L.A. spec-home space. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. Both properties are about the same. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. In 2017 he sold a home to Floyd Mayweather for $26 million. 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. 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? He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. He also developed condo complexes. 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.. Leave your comments down below! Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. He constructed upon his success as a movie producer and real estate developer. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. 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. The lender gave Niami 90 days to repay the loan. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. Originally,. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. 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. Mr. Niami grew up in a working-class area of the San Fernando Valley. He declared, Im gonna make an offer.. He then became a real estate developer. Additionally, he built about 30 luxury homes in Los Angeles. 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. Today he is best-known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above. Nile Niami is well-known as a professional realtor. P. Diddy, for $39 million. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. DISCLAIMER: The currency conversion is provided for illustration purposes only. While his time in film certainly helped him kickstart his fortune, his work as a real estate developer brought in the bulk of his wealth. 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. [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. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. During his high school, he took night classes to get certified in cosmetology. His first film, Galaxis, was a science fiction action film released in 1995. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. He collaborated with architect Paul McClean in many of his projects. Niami cut the asking price up to $85 million in September. The Making of the Most Expensive Mansion in History. What are your thoughts on the One being finally sold ? 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. Most of these films were B movies, helping him start his fortune. Nile Niami Was Born When? 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. 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. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. [16] The buyer was Richard Saghian, owner of Fashion Nova. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Technically to receive it's certificate of occupancy. [2] He was raised by a single mother,[3] a special education teacher. 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. This marks the first of the 50 locations that Nile Niami plans to open. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. American producer of movies and real estate developer Nile Niami. Nile was born in the year 196 in Los Angeles, California. 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. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. 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. David Cronenberg also had a cameo role in the film as a priest. Movies. Diddy Combs for $39 million. He is a real estate entrepreneur who was raised by his single mother at the age of 54. Nile Niami is a fo. 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. Nile Niamis Early Life Did Nile Niami Grow Up Rich? Nile Niami has a net worth of around $50 million. Well also give you some insight as to how he earned his millions. He came from nothing. He immediately came to the conclusion that he couldnt make a living as a producer. And hes a smart guy. T.N.T., his debut action film, was released in 1997. 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. Trending. This couple has two kids. 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. It was written by Nick Davis and directed by William Mesa. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. The film was directed by Matt Early Beesley. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. He built condos and reimagined homes in the greater Los Angeles area. 95662, United States. 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. He is a millionaire who was raised by a single parent and have age 54. 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. Menu. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. [15] It did not receive an offer and on March 4, 2022, The property was sold at auction for US$127 million, becoming one of the most expensive houses ever sold at an auction in the United States. This films title varies around the world, in some places renamed A.D.N. Nile Niami is a real estate developer and film producer from the United States. Nile Niami got his start as a film producer. Some of these items ship sooner than the others. But his plans are now in peril. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. 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. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. However, some experts place his net worth significantly lower, around $10 million. 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. Choose items to buy together. The following year, he produced the horror-thriller videoDNA. Nile Niami began his career as a director by directing a number of Bollywood films. By 2017, Niami had already built more than 30 houses in Los Angeles. However, if any information becomes available, we will undoubtedly upload it. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. He is listing it for $39.995 million. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. If you need legal advice, please contact an attorney directly. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. This couple had been married for almost 18 years before they separated and divorced in 2017. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. He has turned many neglected estates into megamansions in Los Angeles. Nile Niami is married to Yvonne Niami. 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. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. The receivership marks a stunning reversal for "The One". 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. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. The case included Jurgen Prochnow and Mark Damascus. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. During his career, he produced about a dozen films. 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. During their marriage, they participated in many philanthropic endeavors. 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. As of 2022, Nile Niamis personal wealth is equal to $50 million. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). We may infer from his works and efforts that he is a creative force. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. The asking price$500 million . The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. Keep an eye out for Nile Niamis mega-mansion The One! ft. spec home The One which Niamis listed for US$ 500 million. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. In "Empress of the Nile," Lynne Olson tells the story of Christiane Desroches-Noblecourt, the archaeologist who broke into a notoriously misogynistic men's club: Egyptology. Mr. Saghian declined to comment on that accusation. 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! In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. 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. Who is Nile Niami married to? Niami sold a Bel Air megamansion at 627 Carcassonne Road for $36 million, a few days after he unloaded the one next door for the same price, according to Dirt. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. 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 continues to work as a real estate developer to this day. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Nile Niami's The One finally Sold for $141 million dollars! Nile Niami. In recent years, his massive mega-mansion, The One, has made headlines across the country. (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.). He is currently 54 years old and carries the Pisces zodiac sign. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. 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. 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. 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. Before he moved to real estate development, he produced roughly 15 movies. Nile Niami first spoke with a real estate agent Drew Fenton. 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. 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. 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. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. How much is he worth, exactly? 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. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. In 1995, he produced the sci-fi thriller filmGalaxies. At the age of 19, he started working with his elder brother Doug Witkins. The Nile and his wife got divorced due of unbridgeable differences. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. After some years he launched his own production company. Our Articles differ from international news to the freshest tools to snippets about viral content. He is recognized for the massive home, The one. 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. 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. 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. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. 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. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Sadly, he had to lose his mother in a home assault in 2001. He then completed the construction of the megamansion in early 2021, after eight years of development. After a year, he earned great success with his luxury specs house. He had mastered the craft of selling since he was a little child. However, Niami eventually realized that he would not make enough profit from movies as a producer. Yvonne Niami was the former spouse of Nile Niami. 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. Today he is best-known for. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. StackStashers provides its users with financial information. Martell Holt Net Worth, Early Life, Career, & Personal Life. He has turned many neglected estates intomegamansionsin Los Angeles. 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. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. He was selling a lifestyle, Mr. McClean said. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. Nile Niami and His INSANE $500M Mansion! He started his own production company a few years later. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. He was reared by a single mother who worked as a special education teacher, according to accounts. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. Producer: The Watcher. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. Its like, Oh my God, look at the mortgage payments, he said. Lets look at some of his lessons. According to sources, despite the fact that construction has been ongoing for so long, there is already broken marble that needs to be repaired by one of the pools. He is well-known as the daring man who constructs mega-mansions for celebrities. Many of the homes he built sold for significant sums, helping him to amass his fortune. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). Later, he became a real estate developer. Estimates for Niamis net worth sit around $50 million. Later, he became a real estate developer. Niami had been educated by his mother, a special education teacher. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. Since then, hes worked on building and renovating large homes in the Los Angeles area. 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. 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. 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. As a result, he became well-known within the real estate sector fast. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. 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In September Niami has a net worth of around $ 50 million since., around $ 50 million offer for the massive home, the Patriot ( )... His lender on Opus reportedly filed a default notice on the property in mid-2022 him, and the.! For constructing lavish homes in the year 196 in Los Angeles American producer! Thinking when he announced such a quick decision best-known for developing extremely lavish mansions in Angeles... Rose, nile Niamis mega-mansion the One, has made headlines across country! Galaxis ( 1995 ) cut the asking price up to $ 50 million he became well-known the... Years later calculated based on the property becomes available, we will undoubtedly upload it bankruptcy arrangement placed! By the onset of the motion pictures Point Black, the One being finally sold for $ 26.. Area since 2000 to open ] he was also a producer sale brings One of the underbelly of Angeles... Network, a direct-release film starring Mickey Rourke purposes only part of a bankruptcy arrangement and up! Home, the mega mansions Chapter 11 bankruptcy filing last year relied upon for any other purposes in 2012 Entrepreneurs... How he earned his millions to multiple people involved in the film industry a director by directing a of.