Mr. Niami also used unconventional marketing techniques, real-estate agents said. He was selling a lifestyle, Mr. McClean said. 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. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. He started out as a film producer then transitioned into the real estate development world. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. He is best known for constructing a 105,000 sq. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Since then, he's worked on building and renovating large homes in the Los Angeles area. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. Many of the homes he built sold for significant sums, helping him to amass his fortune. In the article below, well walk you through his net worth. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Residential Real Estate The One PR. When you reinvest everything into one Camelot project, it is devastating to see that money vaporize in front of you, Mr. Niami said through his spokespeople. Tragically, a house invader killed his mother in 2001. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? DISCLAIMER: The currency conversion is provided for illustration purposes only. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. 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. If you need legal advice, please contact an attorney directly. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. Before he moved to real estate development, he produced roughly 15 movies. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. 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. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Niami had perfected the art of selling from a young age. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. He built two mansions in the Holmby Hills neighborhood. Nile Niami has a personal net worth of US$ 50 million as of 2022. Be the first to know when new posts come out! 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. Mr. Saghian declined to comment on that accusation. Nile Niamis Early Life Did Nile Niami Grow Up Rich? 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. Nile Niami is well-known as a professional realtor. Today he is best-known for. Nile Niami is a former film producer. 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. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. He blew through the money that we gave him, Mr. Hankey said. Mr. Niami grew up in a working-class area of the San Fernando Valley. 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! It was technically a loss after the cost of renovations and improvements. Nile Niami also produced T.N.T. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. He has turned many neglected estates into megamansions in Los Angeles. His average annual salary is around $97,911 each year. Lets look at some of his lessons. 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 One-Time $500 Million Bel Air Mansion Has Defaulted On Its Debt And Has Been Placed Into Receivership, Los Angeles Is Home To The Largest (And Most Expensive) Residence In The World, Los Angeles Mansion The One Formerly Priced At $500 Million, Is $100 Million+ In Default On Its Loans. Show details Hide details . However, Niami eventually realized that he would not make enough profit from movies as a producer. Niamis site invites viewers to come see inside his inner life through regularly shared video content. Nile Niami is an American film producer and real estate developer. In 2015, developer Nile Niami stated that the Bel Air home, which has five swimming pools and a 30-car garage, will fetch $500 million. Mr. Niami was also undergoing changes in his personal life. Your email address will not be published. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. In high school, He pursued cosmetology training at night. ft. spec home The One which Niamis listed for US$ 500 million. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. She worked as a special education teacher during the day and owned a bar at night in Burbank. It was written by Nick Davis and directed by William Mesa. 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'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. 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. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. During his high school, he took night classes to get certified in cosmetology. 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. It sold for only $126 million, a price significantly lower than originally projected. 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. He came from nothing. She is responsible for overseeingthe daily flow of content across EC The Hubs digital channels, as well as editing, writing and managing content for EC The Hubs website and blog. Over the years his flips got more and more expensive. 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. Nile Niami trains skilled individuals. It was 2011, and she was waiting for a potential buyer. 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 would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". 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. Most significantly, McClean helped Niami to design The One.. 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. However, Niami eventually realized that he would not make enough profit from movies as a producer. Both properties are about the same. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. As a real estate developer, he earned a huge amount. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. There are several kitchens. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. 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. Nile Niami Was Born When? Recent posts on his verified Instagram account point to his current project, The One Truth Network. 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). 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. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. all Biography and data about your favorite person are correct. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. Niami later produced D.N.A., a science fiction horror and action film. He made the horror-thriller video T.N.T. DNA, was his first action picture. More info can be found here. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Thanks for visiting Us. With an original list price of $340 million, it was set to be the most expensive personal home in the country. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'biographyhost_com-medrectangle-4','ezslot_7',115,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-4-0'); In 1998, he produced filmsPoint Black,The Patriot, andThe Survivor. Because I don't have any money.". His education, parents, siblings, and other family members are still unknown, along with the rest of his background. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. 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. We do our best to keep offers up-to-date. And while the Williamses said they had been working for several years to find a buyer, the house had never officially been on the market. The asking price$500 million . This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. See you next video! In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. [2] He began his career as a film producer before moving into real estate development. This perception was bolstered by Mr. Niamis active social-media presence. They included citations for loud or unruly gatherings and one for serving alcohol to minors. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. 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. He began his career as a film producer before moving into real estate development. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. In a failed venture, Nile created an app for single men looking for friends. Choose items to buy together. 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. 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 is currently working on his future real estate projects that will significantly increase his net worth. In the ensuing years, he created the horror-thriller video DNA. The following year, he produced the horror-thriller videoDNA. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Advertising Disclosure: This post may contain affiliate links from our partners, which means that we may receive a small commission if you sign up via these links. Nile Niami is an American millionaire who is both a film producer and a real estate developer. The Bel-Air Homeowners Alliance expressed concern over the development. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. Frequent headlines about the house were also a deterrent to buyers, agents said. His wealth as a real estate developer is enormous. 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. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! She also started the charity clothing business N: Philanthropy. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. Your email address will not be published. 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. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . This isnt the first time that a Niami mega mansion has run into difficulties. 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. 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 . He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. 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. Technically to receive it's certificate of occupancy. 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. There is a 4,000 square-foot guest house. The 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. Shares the stories you may have missed from the world of luxury real estate. In 2017, the couple parted ways. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. After a year, he earned great success with his luxury specs house. P. Diddy, for $39 million. 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. Bryce and Brent Niami are their names. 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. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. The bigger they are, the harder they fall, goes the old adage, and that definitely applies to Nile Niamis colossal mega-mansion, The One, which has gone into receivership after amassing millions of dollars in loans and obligations. He began working as a real estate developer. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. 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 was born in the year 196 in Los Angeles, California. ", "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?