He is listing it for $39.995 million. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. The film was directed by Matt Early Beesley. Mr. Niami grew up in a working-class area of the San Fernando Valley. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. He is currently 54 years old and carries the Pisces zodiac sign. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Nile Niami is a real estate developer based in Southern California. Before he began constructing little condominiums and remodeling houses for resale, he produced . [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. 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. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. In 2015, GQ reported that the mansion was the most expensive mansion in history. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Thank you for supporting my channel. Show details Hide details . He made the horror-thriller video T.N.T. DNA, was his first action picture. See you next video! I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. After some years, Niami established his own production firm. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. There is no additional charge to you! He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. 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. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Required fields are marked *. 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. Sadly, he had to lose his mother in a home assault in 2001. This couple had been married for almost 18 years before they separated and divorced in 2017. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. [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. Not feeling like reading today ? The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. Niamis site invites viewers to come see inside his inner life through regularly shared video content. 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. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Shirley is the Managing Editor at EC The Hub. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. He also produced a number of well-known programmers and films. For many buyers, it was too large, more like an office park than a private residence. Nile Niami is well-known as a professional realtor. He started out as a film producer then transitioned into the real estate development world. 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. Yvonne Niami was the former spouse of Nile Niami. As his career in film came to a close, Nile began working as a real estate developer. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. He is currently 54 years old and carries the Pisces zodiac sign. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. It was legally a loss after the improvements and restorations. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. At the age of 19, he started working with his elder brother Doug Witkins. He declared, Im gonna make an offer.. In 2001, he directed the action comedy. He built two mansions in the Holmby Hills neighborhood. 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. He was reared by a single mother who worked as a special education teacher, according to accounts. Nile and his wife split in 2017, according to reports. He worked as a professional film producer prior to entering the real estate industry. As a real-estate developer, he has amassed a huge amount. 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. The Top 10 Best Hotels in Paris, France (2022), The Top 10 Best Things To Do in Los Angeles in 2022, The Top 10 Best Hotels in Miami, Florida (2022), Top 10 Best All-Inclusive Resorts in Cancun, Mexico, From Billionaire to Broke The Story of Elizabeth Holmes. 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 mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. 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. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. He then sold the global film rights to Witkins production business. This marks the first of the 50 locations that Nile Niami plans to open. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. The estate includes a massive nightclub, full-service beauty salon, wellness center, four-lane bowling alley, and 10,000-bottle wine cellar, as well as a sky deck with a putting green, glass-encased jogging track, 40-seat Dolby Digital theater, five pools, and a 30-car garage with two display turntables, as promised by Niami. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . Mr. Ismaik didnt respond to a request for comment. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". While he occasionally uses social media, he gains no income from his social media accounts. Chris Hemsworths net worth is $130 million as of 2023. Nile Niami is an American film producer and real estate developer. All property prices are as stated by the listing agent. 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. This site includes affiliate links. Leave a comment below. With perhaps one exception, these violations were not caused by me, he said. Nile Niami made his fortune through film and real estate development. Today he is best-known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above. Mr. Niami also used unconventional marketing techniques, real-estate agents said. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. Both properties are about the same. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. He was reared by a single mother who worked as a special education teacher, according to accounts. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Technically to receive it's certificate of occupancy. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. The divorce filing cited irreconcilable differences as the reason for their separation. In January 2017, she filed for divorce after 18 years of marriage. 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. 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. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. Leave your comments down below! The Making of the Most Expensive Mansion in History. 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. Frequent headlines about the house were also a deterrent to buyers, agents said. 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. 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. 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. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Do you know how much these celebrities earn? "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. After an eight-year development, it will be completed in 2021. 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. Nile began his career as a film producer. Nile was born in the year 196 in Los Angeles, California. His average annual salary is around $97,911 each year. 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. 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. There are seven water features on the site, including a large moat that runs around the perimeter. 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. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Because I don't have any money.". Before he went into real estate development, he filmed roughly 15 films. Since its sale, creditors have been fighting over who get paid how much, since the house did not make enough money to pay for everything it owed. 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. In 1995, he produced the sci-fi thriller filmGalaxies. He is a millionaire who was raised by a single parent and have age 54. She also started the charity clothing business N: Philanthropy. And hes a smart guy. It was written by Nick Davis and directed by William Mesa. 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. In 1999, Niami produced a horror film, Resurrection. Tragically, a house invader killed his mother in 2001. During their marriage, they participated in many philanthropic endeavors. Nile Niami also produced T.N.T. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. 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. 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. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. Lets look at some of his lessons. T.N.T., his debut action film, was released in 1997. 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 had mastered the craft of selling since he was a little child. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. 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.. 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. Nile Niami continues to work as a real estate developer to this day. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. By 2018, records show, Mr. Niami had at least five unsold spec homes on his books and was carrying hundreds of millions of dollars in debt. 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. 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. 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 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. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. Around this time the home's asking price had been lowered to $225 million. Nile Niamis Early Life Did Nile Niami Grow Up Rich? We do our best to keep offers up-to-date. A fully paid house manager is included as well for the first two years of the property sale, not to mention other decorations and furnishings of the house worth over $2 million. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). We commit to cover sensible issues responsibly through the principles of neutrality. Mr. Niami said he was renting the homes to third parties at the time. They had been married for almost 18 years before splitting up and getting divorced in 2017. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. 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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. It was built by Nile Niami, who promoted it as the "biggest and most expensive. This films title varies around the world, in some places renamed A.D.N. Nile Niami is married to Yvonne Niami. All six posts showed up in May 2022, a sign that future social media engagement may be on the horizon for the real estate developer. 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. What do you think Nile Niami net worth? He has two boys, Bryce and Brent, with whom he appears to have a close relationship. McClean uses his years of experience to create visually interesting, modern living areas. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. Links included in this description might be affiliate links. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. 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. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. Nile Niami Was Born When? His first movie Galaxis was an action film released in 1995. Ahem. His mother worked nights at the Burbank bar she owned while still teaching special education. As of 2022, Nile Niamis personal wealth is equal to $50 million. 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. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. Nile Niami is a real estate developer and film producer from the United States. Nile Niami was born on February 25, 1968 in Los Angeles, California. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. American producer of movies and real estate developer Nile Niami. 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. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. 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. He then learned about special effects prosthetics for horror films. 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. (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! 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. Continues to work as a real estate development, he produced, it no... Thriller filmGalaxies February 1968, his age is 54 years old, nile Niamis personal wealth is equal $. Niami produced a horror film, was released in 1995, he roughly! Was auctioned off for $ 39 million to rapper Sean Combs in 2014 he sold a $ 39 to! Age is 54 years old as of 2023 at EC the Hub of them were straight-to-video B movies was by..., nightclub, the Burbank bar she owned while still teaching special education Sean... 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