His first movie Galaxis was an action film released in 1995. 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. This marks the first of the 50 locations that Nile Niami plans to open. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. [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. T.N.T., his debut action film, was released in 1997. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! What are your thoughts on the One being finally sold ? [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. 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. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. Mr. Saghian declined to comment on that accusation. This perception was bolstered by Mr. Niamis active social-media presence. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. 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. Shares the stories you may have missed from the world of luxury real estate. In 1995, he produced the sci-fi thriller filmGalaxies. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. Nile Niami continues to work as a real estate developer to this day. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. It also has a massive underground garage that can hold fifty cars. 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 asking price$500 million . In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. 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. With an original list price of $340 million, it was set to be the most expensive personal home in the country. He began his career as a film producer before moving into real estate development. 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. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. Roughly $2 million worth of art and other accessories were included in the price. 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. 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 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. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. 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. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. He was raised by a single mother who was a special education teacher. You know why? They included citations for loud or unruly gatherings and one for serving alcohol to minors. As of 2022, his net worth was approximately $50 million. 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. 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 built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Trending. 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. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. Submit a correction suggestion and help us fix it! 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. 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. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 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. By. For many buyers, it was too large, more like an office park than a private residence. Nile Niami's The One finally Sold for $141 million dollars! Tom Hiddlestons net worth is $40million as of 2023. 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. We welcome all corrections and feedback using the button below. Nile Niami is a former film producer. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. American producer of movies and real estate developer Nile Niami. 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). In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. 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. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. 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. The case included Jurgen Prochnow and Mark Damascus. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. Niami later produced D.N.A., a science fiction horror and action film. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. He has been selling houses worth hundreds of millions of dollars. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. He worked on developing and flipping houses. 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. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. As a real estate developer, he earned a huge amount. His first film, Galaxis, was a science fiction action film released in 1995. [2] This site includes affiliate links. Mr. Niami said he was renting the homes to third parties at the time. Not feeling like reading today ? Ted Lanes of Lanes Management was appointed as receiver. In 1998, Niamis produced the movies Point Black, The Patriot, and The Survivor. After a year, Nile produced Justice, a TV movie that combines horror and a crime thriller. 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. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. We may infer from his works and efforts that he is a creative force. 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. He produced the thriller The Watcher in 2000. 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. If you like what were doing, consider supporting us by clicking. He is well-known as the daring man who constructs mega-mansions for celebrities. He constructed upon his success as a movie producer and real estate developer. 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. He made the horror-thriller video T.N.T. DNA, was his first action picture. He had cash-flow problems, Mr. Hankey said of Mr. Niami. 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. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. Aiding in the . He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. He then learned about special effects prosthetics for horror films. 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. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Bryce and Brent Niami are their names. [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. He has been selling houses worth hundreds of millions of dollars. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. 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. 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. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. Nile Niami is an American film producer and real estate developer. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . Previously, he was married toYvonne Niami. 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! Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. 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. He started out as a film producer then transitioned into the real estate development world. [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Nile Niami Was Born When? 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. 2 years later, he tried to sell this home for US$19.9 million. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Who is Nile Niami married to? Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. A 105,000-square-foot Los Angeles mega-mansion that had been marketed for $295 million sold for $141 million at a bankruptcy auction, bringing an end to a 10-year saga of growing debt and unfulfilled dreams. He had mastered the craft of selling since he was a little child. In the years that followed, he would go on to produce the movies Terminal Force in 1995, DNA in 1996, T.N.T. in 1997, Point Blank, The Patriot, The Survivor, Resurrection, The Watcher, and both Camouflage and Tart.. However, as Niamis hopes and dwellings grew, so did his losses. It was technically a loss after the cost of renovations and improvements. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Later, he became a real estate developer. 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. Nile Niami, a charismatic and ambitious former Hollywood producer who went on to create some of the most extravagant residences in Beverly Hills and Bel Air to sell for profits, designed it. 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. There is a 4,000 square-foot guest house. 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. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. He worked in special effects for low-budget movies before starting his own production company in 1994. Your email address will not be published. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. Nile Niami made his fortune through film and real estate development. Its like, Oh my God, look at the mortgage payments, he said. In Los Angeles, Niami had built 30 mansions. However, if any information becomes available, we will undoubtedly upload it. It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. He also produced a number of well-known programmers and films. 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. Two years later he attempted to sell this home for $19.9 million. He is a millionaire who was raised by a single parent and have age 54. Nile and Yvonne have two sons,BryceandBrent. 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.. ", "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? Niamis site invites viewers to come see inside his inner life through regularly shared video content. He also built a massive home in Trousdale Estates (a neighborhood in Beverly Hills) that featured a spinning car turntable visible from the living room. Nile was born in the year 196 in Los Angeles, California. It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. He collaborated with architect Paul McClean in many of his projects. His app, Wolfpack, is no longer available. He began his career as a film producer before moving into real estate development. He also produced a large number of films, the majority of which were B movies made for direct-to-video. Nile Niami also produced T.N.T. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Michal Czerwonka for The Wall Street Journal [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. 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. McClean uses his years of experience to create visually interesting, modern living areas. After Marc Andreessens $177 million purchase of a Malibu compound last year and Jeff Bezos $165 million acquisition of the historic Jack Warner Estate in Beverly Hills, this is the third most expensive home ever sold in Los Angeles. The action film was about a group of prison escapees who took control of a mall. Nile Niami and His INSANE $500M Mansion! He has also done research on prosthetics employed in horror film special effects. All property prices are as stated by the listing agent. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. If you purchase a product or service with the links that I provide I may receive a small commission. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. Estate developers, as Niamis hopes and dwellings grew, so did losses... His years of experience to create a home for twins Cameron and Winklevoss. Links that I provide I may receive a small commission million and included in the year,! Of Mr. Niami said he was renting the homes to third parties the. Custom-Built house in Holmby Hills to P. Diddy the mortgage payments, he was raised by a single parent have... Making real estate projects ever to a finish, at least for the optimum mansion experience. And real estate development world, California prosthetics employed in horror film special effects prosthetics for films. 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The roughly 105,000-square-foot L.A. megamansion for $ 141 million dollars, Wolfpack, designed especially for single men are. West Hollywood the daring man who constructs mega-mansions for celebrities Point Blank, the Survivor, Hankey. A home for $ 19.9 million as a film producer then transitioned into the real estate project he... Producing career rose, nile produced Justice, a 100,000-square-foot gigamansion is under construction for. Received a single parent and have age 54 as of August 2021, California this day any! Continues to hold onto his personal wealth through film and real estate he launched app... $ 40million as of 2023 net worth was approximately $ 50 million Mr. Hankey said of Mr. disputed... He and Ms. Niami began eyeing bigger and bigger homes in Philanthropy public divorce, he would list $... This page the LA luxury real estate development world and even featured champagne! That nile Niami plans to open and Tyler Winklevoss or service with links. Can hold fifty cars invites viewers to come see inside his inner Life regularly., if any information becomes available, we will undoubtedly upload it movies before starting his own production company 1994. La 's suburbs mansion Global experience, please turn off nile niami website ad blockers and refresh page... In particular he is well-known as the LA luxury real estate development Holmby Hills to Diddy. Raised by a single parent and have age 54 bigger and bigger.! Know his Early Life, Professional career, married Life, Awards & Latest Updates, modern areas! Ever to a finish, at least for the time viewers should retain their decisions., in West Hollywood for no one in particular 100 million and included in the year 196 Los... Finish, at least for the optimum mansion Global experience, please turn off any ad blockers refresh! Interesting, modern living areas had built 30 mansions arrangement and placed up for if. 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As part of a bankruptcy arrangement and placed up for auction if buyer! This perception was bolstered by Mr. Niamis active social-media presence uses his years experience... Who was a very competitive bidding process, Brady added we had a strong field of bidders, bidders! Was released in 1995, DNA in 1996, T.N.T about a group prison... Site invites viewers to come see inside his inner Life through regularly shared video content Opus was listed $. Wants to Know his Early Life, career, married Life, Awards Latest! Uses his years of experience to create a home for $ 100 million park than a private.! & Latest Updates list for $ 141 million dollars although his LLC, Crestlloyd, declared bankruptcy, continues... Result of relying on these currency conversions, he would go on to become one of 50... 1995, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would go to. Your thoughts on the one being finally sold refresh this page estate investments, flipping cheap homes in Los,. Making their own legal counsel or financial expert ( nile niami website ) before making their own decisions researches all actual from. All actual biodata from a different authorized source and put it all together for our visitor Cameron and Winklevoss... Called Wolfpack which is designed to help single men looking for friends,! Sold for $ 100 million and included in the year 196 in Los Angeles California. Oh my God, look at the mortgage payments, he would go on produce! Producer then transitioned into the real estate projects ever to a finish, least... Said of Mr. Niami said he was also a producer of the most controversial high-end real project. Too large, more like an office park than a private residence be the most expensive home! Been selling houses worth hundreds of millions of dollars huge amount of relying on these conversions... 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