He then completed the construction of the megamansion in early 2021, after eight years of development. They spent about four hours one evening exploring the house. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. Nile Niami is a fo. In 2001, he directed the action comedy. 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. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. Most significantly, McClean helped Niami to design The One.. 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. Type: Dwarf Blue Lily of the Nile "Peter Pan" Houseplant Flower Seeds ; Ship From US ; Buy it with + + Total price: To see our price, add these items to your cart. Nile Niami is a former film producer. [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? It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. Loving our content? and in others renamed Genetic Code. He is currently 54 years old and carries the Pisces zodiac sign. There are several pools and even a moat. Links included in this description might be affiliate links. 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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. 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. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. Before he began constructing little condominiums and remodeling houses for resale, he produced . [2] Unfortunately, Nile could not complete construction of "The One" even after borrowing a reported $165 million from various lenders, notably car finance billionaire Don Hankey who chipped in at least $106 million over several financing rounds. (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! 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. While he occasionally uses social media, he gains no income from his social media accounts. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Who is Nile Niami American producer of movies and real estate developer Nile Niami. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. In 2015 and 2016, she was ranked as the highest-paid actress in the world.Read More Jennifer Lawrence Biography, Age, Height, Husband, Movies, TV Shows, Net Worth & Wiki, Marshall Bruce Mathers III, better known as Eminem, is an American rapper, actor, singer, songwriter, record producer, hip-hop musician, and record executive. The Nile and his wife got divorced due of unbridgeable differences. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. In 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. Roughly $2 million worth of art and other accessories were included in the price. In 2017, the couple parted ways. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. 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. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. 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. 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. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Mr. Saghian declined to comment on that accusation. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. There are seven water features on the site, including a large moat that runs around the perimeter. It was written by Nick Davis and directed by William Mesa. He first stepped into the public eye as a film producer, producing over a dozen films over the years. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. With no buyers in sight, the lender served a notice of default on the property in March 2021. Nile Niami Was Born When? Nile Niami is currently living a single life. This film was released in 1997 and directed by William Mesa. And one more thing.. This isnt the first time that a Niami mega mansion has run into difficulties. 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. 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 price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. We assure our audience that we will remove any contents that are not accurate or according to formal reports and queries if they are justified. Nile Niami is an American film producer and real estate developer. You know why? It also has a massive underground garage that can hold fifty cars. During their marriage, they participated in many philanthropic endeavors. How much is he worth, exactly? Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. 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. We sought him on every social networking site, including Instagram, Facebook, and Twitter, but he was nowhere to be found except on Instagram, where he is known as @nileniami and has over 86k followers. Previously, he was married toYvonne Niami. Niami later produced D.N.A., a science fiction horror and action film. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. A One-Time $500 Million Bel Air Mansion Has Defaulted On Its Debt And Has Been Placed Into Receivership, Los Angeles Is Home To The Largest (And Most Expensive) Residence In The World, Los Angeles Mansion The One Formerly Priced At $500 Million, Is $100 Million+ In Default On Its Loans. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. 420 Lexington Avenue, Suite 300 T.N.T., his debut action film, was released in 1997. 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. 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 was legally a loss after the improvements and restorations. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. 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 was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. Both properties are about the same. Producer: The Watcher. He then became a real estate developer. Trending. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. A multiday online auction was scheduled for March of 2022. 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. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. A 105,000-square-foot Los Angeles mega-mansion that had been marketed for $295 million sold for $141 million at a bankruptcy auction, bringing an end to a 10-year saga of growing debt and unfulfilled dreams. 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. 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. 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. (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.). Since then, hes worked on building and renovating large homes in the Los Angeles area. All net worths are calculated using data drawn from public sources. Additionally, he built about 30 luxury homes in Los Angeles. Tragically, a house invader killed his mother in 2001. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. After Marc Andreessens $177 million purchase of a Malibu compound last year and Jeff Bezos $165 million acquisition of the historic Jack Warner Estate in Beverly Hills, this is the third most expensive home ever sold in Los Angeles. Michal Czerwonka for The Wall Street Journal The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. His app, Wolfpack, is no longer available. Shirley is the Managing Editor at EC The Hub. Yvonne Niami was the former spouse of Nile Niami. During his career, he produced about a dozen films. In 1999, Niami produced a horror film, Resurrection. Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. He is best known for constructing a 105,000 sq. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. 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. Niamis debt had risen to over $190 million. He built condos and reimagined homes in the greater Los Angeles area. As of 2022, his net worth was approximately $50 million. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. If you like what were doing, consider supporting us by clicking. 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. 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. He produced the thriller The Watcher in 2000. 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. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. 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. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. As a result, he became well-known within the real estate sector fast. He then sold the global film rights to Witkins production business. In the year leading up to the auction, the Williamses said, they brought Mr. Niami several offers from Middle Eastern buyers, but he never acknowledged them. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. He has also done research on prosthetics employed in horror film special effects. He also produced a number of well-known programmers and films. Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). The Nile is said to have a special affinity with his sons. Please see our full disclaimer for more details. We welcome all corrections and feedback using the button below. 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. Nile Niami is an American film producer and real estate developer. In the article below, well walk you through his net worth. Last year, the property was placed in receivership and ultimately declared bankrupt. This couple had been married for almost 18 years before they separated and divorced in 2017. 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. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Nile Niami was born in Bel Air, Los Angeles, California in 1968. We may infer from his works and efforts that he is a creative force. What Is Tom Selleck Net Worth? (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). 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. 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 . 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. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. 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. In the same year, he also created the romantic crime drama Tart.. He then started his own manufacturing company. Bryce Hall Net Worth, Early Life, Career, & Personal Life. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). 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. On February 25, 1968, Nile Niami was born in Los Angeles, California. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Unfortunately, the property was seized when Niamis company filed for bankruptcy. In the ensuing years, he created the horror-thriller video DNA. 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 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. He began his career as a film producer before moving into real estate development. [5][8][9] After eight years of development and numerous delays, it was 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. 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. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. Lets look at some of his lessons. Today he is best-known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above. 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. 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. In a failed venture, Nile created an app for single men looking for friends. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. Yvonne filed for divorce in January 2017 after 18 years of marriage. By 2017, Niami had already built more than 30 houses in Los Angeles. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. However, if any information becomes available, we will undoubtedly upload it. Nile Niami has a net worth of US$ 50 million as of 2022. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. In January 2022, the enormous property was listed for $295 million. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. Nile Niami. His wealth as a real estate developer is enormous. In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. 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