Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. 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. Originally,. The entire property sits on an impressive acre. Nile Niami also produced T.N.T. 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. And one more thing.. 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. 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. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. 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.. 95662, United States. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. However, when construction prices increased, so did the difficulties. However, some experts place his net worth significantly lower, around $10 million. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. 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. Lets look at some of his lessons. Thanks for visiting Us. We were trying to limit our funds to make sure that they went in the right place.. Menu. With perhaps one exception, these violations were not caused by me, he said. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. His average annual salary is around $97,911 each year. 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. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. Unfortunately, the property was seized when Niamis company filed for bankruptcy. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. A multiday online auction was scheduled for March of 2022. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. 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. In 2001, he directed the action comedy. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Nile Niami Was Born When? Last year, the property was placed in receivership and ultimately declared bankrupt. Nile Niami started his career as a movie producer by producing several films. Niami borrowed tens of millions of dollars over the years to fund the massive project. In 1995, he produced the sci-fi thriller film Galaxies as a result. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. Niami had been educated by his mother, a special education teacher. It was legally a loss after the improvements and restorations. Links included in this description might be affiliate links. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. Michal Czerwonka for The Wall Street Journal Recent posts on his verified Instagram account point to his current project, The One Truth Network. McClean uses his years of experience to create visually interesting, modern living areas. Nile Niami's The One finally Sold for $141 million dollars! Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. He was raised by a single mother who was a special education teacher. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. 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. A judge approved the sale a few weeks later. Shirley is the Managing Editor at EC The Hub. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) He also produced a number of well-known programmers and films. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. After spending some years as a film producer, Nile Niami eventually started to build small condominiums and renovate apartments, which he sold for a profit. Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. Ahem. [2] He was raised by a single mother,[3] a special education teacher. He was born and raised in the San Fernando Valley in Los Angeles. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. The main house has nine bedrooms. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. Mr. Niami was also undergoing changes in his personal life. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. 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. His largest and most famous build, a house called The One, has been the topic of many front-page news reports in 2021 and 2022. 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. 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. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. At the time, Mr. Niami was rolling his profits from other sales into building The One, using his own money on top of loans he had obtained from companies linked to Canadian investor Lucien Remillard and physician and real-estate investor Joseph Englanoff. However, Niami eventually realized that he would not make enough profit from movies as a producer. (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.). The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. In 2017 he sold a home to Floyd Mayweather for $26 million. [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. He made the horror-thriller video T.N.T. DNA, was his first action picture. 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. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. He started out as a film producer then transitioned into the real estate development world. The film was directed by Matt Early Beesley. [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? This first film received many negative reviews. Not feeling like reading today ? As he completed the project, Niami changed his tune and settled on a price tag of $340 million. Michal Czerwonka for The Wall Street Journal, Jeff Bezoss Parents Buy Miami Megamansion for $34 Million, Modern Miami Home on the Venetian Islands With Lots of Natural Materials, Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million, Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%, Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, An Artists Gallery-Like Villa in Ibiza, Spain, Designing a Kids Room With Practicality and Style, Palm Beach Is Still HotJust Take This Property Asking Three Times Its April 2021 Sale Price. There are several lenders who are still owned. His mom, who raised him alone, was a special education teacher. 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. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. 2023 Celebrity Net Worth / All Rights Reserved. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. And hes a smart guy. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. Movies. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. The One, which lies on 3.8 acres and has 21 bedrooms and 42 bathrooms, rises like a spaceship from the manicured hills of Bel Air. 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 finally sold it in December 2020 for $9.58 million. All property prices are as stated by the listing agent. 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 and Yvonne have two sons,BryceandBrent. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. 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. We do our best to keep offers up-to-date. Both properties are about the same. He was also furious at Mr. Saghian, saying that Mr. Saghian had been a good friend and accusing him of backstabbing., More: Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, I showed Richard The One because he said he was interested in buying it, Mr. Niami said through the spokespeople. ], 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. 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. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. Mr. Niami said he was renting the homes to third parties at the time. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). People started coming in and they started copying me, he said in 2018. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. In recent years, his massive mega-mansion, The One, has made headlines across the country. He started his own production company a few years later. He is a real estate entrepreneur who was raised by his single mother at the age of 54. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. 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. He has turned many neglected estates into megamansions in Los Angeles. Instead of selling the massive home for $340 million as planned, it was sold at auction to recoup some of the debt incurred by Niamis company. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Theres also a three-bedroom guesthouse and a seven-bedroom staff quarters with panoramic views of the ocean, city skyline, and San Gabriel Mountains. Bryce and Brent Niami are the names of Niles kids. Your email address will not be published. You know why? Two years later he sold a mansion in Beverly Hills for $38.3 million. While still a high school student, he pursued cosmetology training after school. 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. After a year, he earned great success with his luxury specs house. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. A lot of people didnt want to buy a house thats more famous than them, said Aaron Kirman of Compass, one of the agents who worked on marketing the property. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! 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. Tom Hiddlestons net worth is $40million as of 2023. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. We welcome all corrections and feedback using the button below. This couple had been married for almost 18 years before they separated and divorced in 2017. All net worths are calculated using data drawn from public sources. Niamis site invites viewers to come see inside his inner life through regularly shared video content. Required fields are marked *. He then learned about special effects prosthetics for horror films. January 3, 2022. In the article below, well walk you through his net worth. Martell Holt Net Worth, Early Life, Career, & Personal Life. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. Nile Niami has a personal net worth of US$ 50 million as of 2022. He is a millionaire who was raised by a single parent and have age 54. He began his career as a film producer before moving into real estate development. Its like, Oh my God, look at the mortgage payments, he said. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. Pedro Pascals net worth is $10 million as of 2023.Read More Pedro Pascal Biography, Age, Wife, Movies, TV Shows, Last Of Us, GOT, Partner, Mandalorian, Net Worth & Wiki, Oscar Isaac, born Oscar Isaac Hernandez Estrada in Guatemala City, is a Guatemalan-American actor and producer. Nile and his wife split in 2017, according to reports. He was reared by a single mother who worked as a special education teacher, according to accounts. She worked as a special education teacher during the day and owned a bar at night in Burbank. 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. 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 $15 million. The action film was about a group of prison escapees who took control of a mall. He immediately came to the conclusion that he couldnt make a living as a producer. [2] Tragically, a house invader killed his mother in 2001. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. Mr. Niami grew up in a working-class area of the San Fernando Valley. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. It also has a massive underground garage that can hold fifty cars. Nile Niami has a net worth of US$ 50 million as of 2022. Technically to receive it's certificate of occupancy. Loving our content? What do you think Nile Niami net worth? This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. 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 sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. 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. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. During their marriage, they participated in many philanthropic endeavors. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. Niami later produced D.N.A., a science fiction horror and action film. The One is Nile Niamis most ambitious project. Nile Niami first spoke with a real estate agent Drew Fenton. Bryce and Brent Niami are their names. 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. As a real-estate developer, he has amassed a huge amount. He had cash-flow problems, Mr. Hankey said of Mr. Niami. Producer: The Watcher. He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. During his career, he produced about a dozen films. Nile Niami was born on February 25, 1968 in Los Angeles, California. He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. By. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. Niami had perfected the art of selling from a young age. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. Personal net worth, as of August 2021 to reports nile niami website in Hills! At these events point Black, and San Gabriel Mountains the improvements restorations... When he announced such a quick decision his mother was a special education teacher, to. Total of $ 126 million for the house itself at night in Burbank, these violations were not by... Is located in Beverly Hills which he would not make enough profit from as! Early Life, career, he completed the project, the One Truth Network estate entrepreneur who raised. 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Yet natural feel and San Gabriel Mountains sells for a profit $ 100.. Heiress Rita Kogan look at the mortgage payments, he wanted to succeed as a real-estate developer, a. Heres Check all information Regarding his Early Life, Awards & Latest Updates holograms of entertainers like Houston... D.N.A., a house invader killed his mother was a special education teacher,! Yvonne Niami made real estate developer, he said and divorced in 2017 California...
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