However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. He is well-known as the daring man who constructs mega-mansions for celebrities. It was legally a loss after the improvements and restorations. He also produced the romantic crime drama Tart that same year. He really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! [3] The construction attracted unease from the Bel-Air Homeowners Alliance,[4] whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. 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. 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. 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. It was built by Nile Niami, who promoted it as the "biggest and most expensive. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. In 1995, he produced the sci-fi thriller film Galaxies as a result. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. He also developed condo complexes. His first movie Galaxis was an action film released in 1995. Nile Niami is a former film producer. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'biographyhost_com-box-3','ezslot_0',113,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-3-0'); Nile Niami is an American real estate developer best known for developing his infamous megamansion known as The One.. 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. Add all three to Cart . During their marriage, they participated in many philanthropic endeavors. [4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room. 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. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. As a real estate developer, he earned a huge amount. It sold for only $126 million, a price significantly lower than originally projected. 95662, United States. He is currently 54 years old and carries the Pisces zodiac sign. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. Ahem. He worked as a professional film producer prior to entering the real estate industry. ft. spec home The One which Niamis listed for US$ 500 million. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. However, some experts place his net worth significantly lower, around $10 million. He produced the thriller The Watcher in 2000. Nile began his career as a film producer. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. There are several pools and even a moat. His first film, Galaxis, was a science fiction action film released in 1995. He has turned many neglected estates into megamansions in Los Angeles. 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. 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. It broke the previous record that was set in 2021 when The Hearst Estate in Beverly Hills sold at auction for US$63.1 million. Nile Niami was born in Bel Air, Los Angeles, California in 1968. 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.. The owner of Fashion Nova", "Scooter Braun sells to developer building $500-million Bel-Air compound", https://en.wikipedia.org/w/index.php?title=Nile_Niami&oldid=1140607178, This page was last edited on 20 February 2023, at 21:58. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. 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. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? Submit a correction suggestion and help us fix it! The Nile and his wife got divorced due of unbridgeable differences. [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). 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 $65 million. And one more thing.. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. They included citations for loud or unruly gatherings and one for serving alcohol to minors. He seemed to be more into following the divorce. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. However, when construction prices increased, so did the difficulties. In 1995, he produced the sci-fi thriller filmGalaxies. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. Movies. 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. The case included Jurgen Prochnow and Mark Damascus. [2] Nile Niamis The One finally Sold for $141 million dollars! But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) Bryce is apparently 18 years old, and his younger son Brent is 15 years old. 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. 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. Before he moved to real estate development, he produced roughly 15 movies. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. All information on this site should be used for informative and educational purposes only. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . 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. He appears to be overly preoccupied with his profession. Lets look at some of his lessons. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Nile Niami and His INSANE $500M Mansion! Initially, he thought no one would be interested in high-valued specs homes. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. Niami later produced D.N.A., a science fiction horror and action film. 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. 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. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. He grew up dirt poor in LA's San Fernando Valley. Chris Hemsworths net worth is $130 million as of 2023. Nile Niami Net Worth is US$ 50 Million as of 2022. After some years, Niami established his own production firm. Nile Niami is an American film producer and real estate developer. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). 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. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. Crestlloyd filed for bankruptcy in October 2021 and the home was put into receivership by the courts, where Ted Lanes of Lanes Management would complete and sell the home. He declared, Im gonna make an offer.. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Required fields are marked *. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. A listing video for one of his properties featured female models, covered in gold paint, wearing black lingerie and chain mail; another model swam naked in the pool. (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.). 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. He collaborated with architect Paul McClean in many of his projects. 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