After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. He seemed to be more into following the divorce. He also produced the romantic crime drama Tart that same year. [16] The buyer was Richard Saghian, owner of Fashion Nova. He is currently 54 years old and carries the Pisces zodiac sign. In high school, He pursued cosmetology training at night. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! Nile Niami was born in 1968 and is currently residing in Los Angeles, California. Nile was raised by his single mother. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. After spending several years in film production, Nile Niami began working in real estate development. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. 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. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. Some of these items ship sooner than the others. He was reared by a single mother who worked as a special education teacher, according to accounts. Both properties are about the same. Nile Niami is well-known as a professional realtor. 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. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. 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. 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. He is well-known as the daring man who constructs mega-mansions for celebrities. Niami had developed the art of selling at a very young age. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Trending. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. Nile Niami began his career as a director by directing a number of Bollywood films. 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.. 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. 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. Nile Niami also produced T.N.T. Diddy Combs for $39 million. He first stepped into the public eye as a film producer, producing over a dozen films over the years. 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. As of 2022, Nile Niamis personal wealth is equal to $50 million. Niami borrowed tens of millions of dollars over the years to fund the massive project. Mr. Niami said through a spokesperson that he and his ex-wife Yvonne Niami ended up losing $44 million on the project, plus 10 years of my life.. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. 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. 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 One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. Mr. Niami was also undergoing changes in his personal life. 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. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. He is well-known for designing and selling mega-mansions for Hollywood celebrities. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. Nile began his career as a film producer. 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. On February 25, 1968, Nile Niami was born in Los Angeles, California. They included citations for loud or unruly gatherings and one for serving alcohol to minors. Thank you for supporting my channel. For many buyers, it was too large, more like an office park than a private residence. He started out as a film producer then transitioned into the real estate development world. [2] We now know everything about Nile Niami and his net worth. A few years later, he would start building his magnum opus: a Bel-Air megamansion he called The One, which he planned to put on the market for $500 million, making it the worlds priciest listing. 2023 Celebrity Net Worth / All Rights Reserved. Links included in this description might be affiliate links. This film was released in 1997 and directed by William Mesa. 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. Niami cut the asking price up to $85 million in September. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. His mom, who raised him alone, was a special education teacher. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). The film was directed by Matt Early Beesley. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. 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. Niami had been educated by his mother, a special education teacher. In 1995, he produced the sci-fi thriller filmGalaxies. Frequent headlines about the house were also a deterrent to buyers, agents said. Nile Niami is a former film producer. Niami previously posted a video in which he sets out a complicated scheme to tokenize the house and sell it as The One Coin, a digital currency. Lets look at some of his lessons. 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. 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. He also produced the 2000 mystery-thriller filmThe Watcher. She also started the charity clothing business N: Philanthropy. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. 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 . The receivership marks a stunning reversal for "The One". He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. You know why? 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. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. In late 2021 "The One" was place into receivership which allowed an independently-appointed outside developer to come in and spend the estimated $5 million that was still needed to make the home live-able. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. In the ensuing years, he created the horror-thriller video DNA. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. He declared, Im gonna make an offer.. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. Loving our content? Sadly, he had to lose his mother in a home assault in 2001. Tragically, a house invader killed his mother in 2001. and in others renamed Genetic Code. In 2017, the couple parted ways. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. EC The Hub may cover news associated with technology, devices, and the Digital world. Nile Niami continues to work as a real estate developer to this day. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. 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. Hes passionate about helping connect modern living with the surrounding natural features of a property. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). ], 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. 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. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. Nile Niami has a net worth of around $50 million. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'biographyhost_com-medrectangle-3','ezslot_3',114,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-3-0'); Nile Niami was born in Los Angeles, California, in 1968. Niami, known. [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. The entire property sits on an impressive acre. 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. More info can be found here. During their marriage, they participated in many philanthropic endeavors. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Because I don't have any money.". He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. 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. 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. And hes a smart guy. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. [2], Niami started his career as a film producer. 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. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. Previously, he was married toYvonne Niami. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. 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. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Nile Niami is married to Yvonne Niami. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. 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. There are several pools and even a moat. 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. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. His net worth is $10 millionRead More Lewis Capaldi Biography, Age, Wife, Sister, Father, Someone You Loved, Songs, Net Worth & Wiki, Christopher Hemsworth, also known as Chris Hemsworth, is an Australian actor, model, and producer. 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.. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. A planned foreclosure sale was temporarily halted as a result of the action. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Nile Niami is a fo. 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 has also done research on prosthetics employed in horror film special effects. Movies. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Niami had perfected the art of selling from a young age. As a real-estate developer, he has amassed a huge amount. With perhaps one exception, these violations were not caused by me, he said. 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. With no buyers in sight, the lender served a notice of default on the property in March 2021. He also produced a large number of films, the majority of which were B movies made for direct-to-video. 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. Michal Czerwonka for The Wall Street Journal 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. A good start, selling P. Diddys $ 40 million Holmby Hills to P. Diddy to US 100. To this day film was released in 1997 and directed by William Mesa Niami was born in Los,! Development and numerous delays, it was too large, more like an office park a! ( 1995 ) was reared by a single mother who worked as a real-estate developer he... Off to a good start, selling nile niami website Diddys $ 40 million Holmby Hills to P. Diddy huge. 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