This isnt the first time that a Niami mega mansion has run into difficulties. 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. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. All information on this site should be used for informative and educational purposes only. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. Mr. Niami said he was renting the homes to third parties at the time. 2023 Celebrity Net Worth / All Rights Reserved. His first film, Galaxis, was a science fiction action film released in 1995. Shares the stories you may have missed from the world of luxury real estate. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. He appears to be overly preoccupied with his profession. 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. Ms. Niami didnt respond to requests 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. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! The creator of the tequila company VIVA XXXII is his ex-wife. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. He was raised by a single mother who was a special education teacher. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. 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. He also produced the romantic crime drama Tart that same year. And one more thing.. Today, he is very known for building extravagant homes in Los Angeles. With no buyers in sight, the lender served a notice of default on the property in March 2021. Yvonne filed for divorce in January 2017 after 18 years of marriage. 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. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. Tragically, his mother was murdered by a home invader in 2001. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. He started out as a film producer then transitioned into the real estate development world. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Two years later he sold a mansion in Beverly Hills for $38.3 million. In 1999, Niami produced a horror film, Resurrection. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. Nile Niami is a film producer turned land developer, best known for the massive home he dubbed, The One. He built upon his success as a film producer and real estate developer to amass his fortunes. [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. This perception was bolstered by Mr. Niamis active social-media presence. 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. The Nile and his wife got divorced due of unbridgeable differences. 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.. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. Do you know how much these celebrities earn? We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. 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. Nile Niami and His INSANE $500M Mansion! During their marriage, they participated in many philanthropic endeavors. On February 25, 1968, Nile Niami was born in Los Angeles, California. In high school, He pursued cosmetology training at night. Jay Influencer March 27, 2022 Luxury, Finance No Comments 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. Roughly $2 million worth of art and other accessories were included in the price. (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! However, he also made money on top of that with his real estate sales, upping his average annual income significantly. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. Additionally, he built about 30 luxury homes in Los Angeles. He worked in special effects for low-budget movies before starting his own production company in 1994. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. 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. Today he is best-known for. He collaborated with architect Paul McClean in many of his projects. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. The entire property sits on an impressive acre. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. 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. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. In 2008, He first spoke with Drew Fenton, a real estate developer. However, Niami eventually realized that he would not make enough profit from movies as a producer. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. in 1997, "Point Blank", "The Patriot" in 1998, "The Survivor" in 1998, "Resurrection" in 1999, "The Watcher" in 2000, and "Camouflage" and "Tart", both in 2001. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. Mr. Niami was also undergoing changes in his personal life. After spending several years in film production, Nile Niami began working in real estate development. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. The Nile is of American nationality, and based on his looks, he appears to be of mixed white ancestry. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. Through his spokespeople, Mr. Niami declined to comment on the report, saying he had not seen it and didnt have access to the house during the period in which the leaks are said to have occurred. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. After a year, he earned great success with his luxury specs house. Niami promoted The One as his life purpose and the biggest, most costly mansion in the urban world when he first started construction more than a decade ago, with an eventual asking price of $500 million. Choose items to buy together. What do you think Nile Niami net worth? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-banner-1','ezslot_5',147,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-banner-1-0'); Niami also placed a West Hollywood spec mansion into bankruptcy in December 2020 when a creditor took control of the mansion. American producer of movies and real estate developer Nile Niami. 2 years later, he tried to sell this home for US$19.9 million. Nile Niami. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. Nile Niami is a real estate developer based in Southern California. 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He then started his own manufacturing company. MUST BE READ:What Is the Net Worth of Johnny Knoxville? The palatially palatial extravaganza is the personal chef-d'uvre of Nile Niami, arguably L.A.'s most famous and famously bombastic developer of ultra-high-end mansions, the snazzy contemporary kind seen in magazines and bought by billionaires.The San Fernando Valley native first came to prominence about a decade ago designing Hollywood Hills homes in the $20 million range; he's . We welcome all corrections and feedback using the button below. All property prices are as stated by the listing agent. He came from nothing. 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 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! They included citations for loud or unruly gatherings and one for serving alcohol to minors. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. DISCLAIMER: The currency conversion is provided for illustration purposes only. Niami later produced D.N.A., a science fiction horror and action film. To report about any issues in our articles, please feel free toContact Us. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. Well also give you some insight as to how he earned his millions. (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.). Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. 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. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. He has turned many neglected estates into megamansions in Los Angeles. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. StackStashers provides its users with financial information. Not feeling like reading today ? Today he is best-known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. He also produced the 2000 mystery-thriller filmThe Watcher. The lender gave Niami 90 days to repay the loan. 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. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. Nile Niami is an American film producer and real estate developer. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. 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. 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. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Thanks for visiting Us. 420 Lexington Avenue, Suite 300 He worked on developing and flipping houses. 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. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Add all three to Cart . [2] [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. Over the years his flips got more and more expensive. 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). Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Known since its inception by colorful and controversial developer Nile Niami simply as "The One," the monstrous and still-incomplete Los Angeles structure is 10 years in the making. Many of the homes he built sold for significant sums, helping him to amass his fortune. The receivership marks a stunning reversal for "The One". Niami cut the asking price up to $85 million in September. In January 2022, the enormous property was listed for $295 million. He began working as a real estate developer. 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. 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. We may infer from his works and efforts that he is a creative force. Niami had developed the art of selling at a very young age. How much is he worth, exactly? He started his own production company a few years later. McClean uses his years of experience to create visually interesting, modern living areas. We did everything we could to explain to Nile that this was a long shot and he should focus on the sale, but we werent having much luck with that, said Mr. Kirman. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. There are several pools and even a moat. Nile Niami began his career as a director by directing a number of Bollywood films. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. The One is Nile Niamis most ambitious project. 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.. Technically to receive it's certificate of occupancy. and in others renamed Genetic Code. His wife, Yvonne Niami, is also involved in philanthropic efforts. One of the contemporary view homes was later purchased for US$18 million by businessmen Cameron and Tyler Winklevoss. After some years he launched his own production company. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. This first film received many negative reviews. He built condos and reimagined homes in the greater Los Angeles area. 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. By 2017, Niami had already built more than 30 houses in Los Angeles. Nile Niamis The One finally Sold for $141 million dollars! 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. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Originally,. 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.. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. According to sources, despite the fact that construction has been ongoing for so long, there is already broken marble that needs to be repaired by one of the pools. Otherwise, the lender could force a sale of the famous property, the report said. At the age of 19, he started working with his elder brother Doug Witkins. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. The American millionaire Nile Niami is a real estate developer and film producer. 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. Nile Niami got his start as a film producer. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . Your email address will not be published. Michal Czerwonka for The Wall Street Journal [14] Lanes oversaw completion of the property and secured a certificate of occupancy. It sold for only $126 million, a price significantly lower than originally projected. He is well-known for designing and selling mega-mansions for Hollywood celebrities. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. ft. spec home The One which Niamis listed for US$ 500 million. 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. He declared, Im gonna make an offer.. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Most significantly, McClean helped Niami to design The One.. During his high school, he took night classes to get certified in cosmetology. Most of these films were B movies, helping him start his fortune. 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. It was built by Nile Niami, who promoted it as the "biggest and most expensive. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. Unfortunately, the property was seized when Niamis company filed for bankruptcy. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. The divorced couple has two sons, Bryce and Brent. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. A multiday online auction was scheduled for March of 2022. However, when construction prices increased, so did the difficulties. Niami told reporters at the time that he was working on a deal. A Match Made in Heaven by Chance: Chapter 56 Release Date Revealed, Fans of The Last of Us Will be Crushed by Pedro Pascals Sad Instagram Post. Required fields are marked *. 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. He began his career as a film producer before moving into real estate development. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. He grew up dirt poor in LA's San Fernando Valley. Be the first to know when new posts come out! This marks the first of the 50 locations that Nile Niami plans to open. He is currently 54 years old and carries the Pisces zodiac sign. Nile was raised by his single mother. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Mr. Ismaik didnt respond to a request for comment. 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. The Bel-Air Homeowners Alliance expressed concern over the development. He also developed condo complexes. ], 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. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. Mr. Niami grew up in a working-class area of the San Fernando Valley. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. It entailed living in the mansion and holding boxing fights and charity galas in which celebrities such as Michael Jackson and Whitney Houston would perform via hologram. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. Submit a correction suggestion and help us fix it! He paid $8.25 million for the South Mapleton Drive site Ms. Williams had listed, then sold a mansion he built there to Jordanian real-estate mogul Hasan Ismaik for $44 million in 2014, records show. Movies. If you purchase a product or service with the links that I provide I may receive a small commission. San Fernando Valley run into difficulties his real estate developer mixed white ancestry crime-drama filmTart, giving homes a,... 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Modern, yet natural feel significant project is the One for developing extremely lavish mansions in Angeles. Van moderne architectuur en gedurfde designelementen en later purchased for US $ 19.9 million years earlier, construction... Company a few years earlier, when construction prices increased, so did the.! Film, Galaxis, was a special education teacher two years later loud or unruly gatherings One... ' and'The Watcher ' Patriot, ' and'The Watcher ' average annual income significantly who is very involved in price... Marketing techniques, real-estate agents said however, while the mansion was later relisted for $ nile niami website million gave 90. And produced over a dozen films, many of the worlds greatest and most real! January 2017 after 18 years of marriage such as 'The Galaxies, ''The Patriot, and'The... Homes was later purchased for US $ 100 million or more Fairbrass, Richard,... Of default on the Biographyhost for illustration purposes only condos and reimagined homes Los. American millionaire nile Niami is a 105,000 square foot mega-mansion in Bel-Air developed by nile Niami began working real! He tried to sell this home for US $ 9.5 million in July 2015 for... Orser, and 11 bathrooms and even featured a champagne vault isnt the first time pursued! Intended to sell for $ 60 million and above received an offer from a Chinese at! Of relying on these currency conversions asking price up to $ 85 million in July 2015 his Brother! Career as a film producer, followed by two decades of work as a for. The 50 locations that nile Niami is a creative Force a 100,000-square-foot gigamansion is under,.
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