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. Since then, he's worked on building and renovating large homes in the Los Angeles area. Advertising Disclosure: This post may contain affiliate links from our partners, which means that we may receive a small commission if you sign up via these links. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. He is best known for constructing a 105,000 sq. In January 2017, she filed for divorce after 18 years of marriage. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. Nile Niami is a real estate developer and film producer from the United States. Some of these items ship sooner than the others. Ontwikkeld door voormalig filmproducent Nile Niami en architect Paul McClean, beschikt het Opus-landgoed over zeven slaapkamers, 11 badkamers en een overweldigende eigentijdse sfeer die 20.500 vierkante meter aan luxueuze leefruimte beslaat. Roughly $2 million worth of art and other accessories were included in the price. However, we do not have access to information on his schooling. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. Niami borrowed tens of millions of dollars over the years to fund the massive project. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. 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. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. He also produced a number of well-known programmers and films. This perception was bolstered by Mr. Niamis active social-media presence. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. A judge approved the sale a few weeks later. Nile and Yvonne have two sons,BryceandBrent. Oscar Isaacs net worth is $12 million as ofRead More Oscar Isaac Biography, Age, Height, Brother, Family, Moon Knight, Wife, Dune, Net Worth & Wiki, Henry Cavill, born Henry William Dalgliesh Cavill, is an English model, actor, fitness enthusiast, and well-known socialite. Choose items to buy together. We were trying to limit our funds to make sure that they went in the right place.. It also has a massive underground garage that can hold fifty cars. If you need legal advice, please contact an attorney directly. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. It was written by Nick Davis and directed by William Mesa. 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. Nile Niami's The One finally Sold for $141 million dollars! 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. He appears to be overly preoccupied with his profession. Nile and his wife split in 2017, according to reports. This couple had been married for almost 18 years before they separated and divorced in 2017. Yvonne Niami was the former spouse of Nile Niami. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. Leave your comments down below! He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Opus was then valued at $38 million, far below its original asking price. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! January 3, 2022. Ahem. We now know everything about Nile Niami and his net worth. In 2001, he directed the action comedy. 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. As his career in film came to a close, Nile began working as a real estate developer. Nile Niami is well-known as a professional realtor. 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. 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. The Nile is said to have a special affinity with his sons. All information on this site should be used for informative and educational purposes only. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. T.N.T., his debut action film, was released in 1997. StackStashers provides its users with financial information. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. 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. 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. Technically to receive it's certificate of occupancy. This films title varies around the world, in some places renamed A.D.N. There are several kitchens. Before he began constructing little condominiums and remodeling houses for resale, he produced . Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. However, some experts place his net worth significantly lower, around $10 million. ft. spec home The One which Niamis listed for US$ 500 million. Nile Niami got his start as a film producer. In 1998, Niamis produced the movies Point Black, The Patriot, and The Survivor. After a year, Nile produced Justice, a TV movie that combines horror and a crime thriller. And one more thing.. Nile Niami started his career as a movie producer by producing several films. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. 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Today, he is very known for building extravagant homes in Los Angeles. Over the years his flips got more and more expensive. 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. American producer of movies and real estate developer Nile 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. As a result, he became well-known within the real estate sector fast. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! A multiday online auction was scheduled for March of 2022. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. 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. For many buyers, it was too large, more like an office park than a private residence. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. Today he is best-known for. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. The One has been placed into receivership by the Los Angeles County Superior Court, with more than $165 million in outstanding loans and bills, in an attempt to get Niamis creditors paid. 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. He finally sold it in December 2020 for $9.58 million. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! In the same year, he also created the romantic crime drama Tart.. He came from nothing. The creator of the tequila company VIVA XXXII is his ex-wife. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. 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.. 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. 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. All property prices are as stated by the listing agent. The film was directed by Matt Early Beesley. 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. It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. The action film was about a group of prison escapees who took control of a mall. 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. Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. Nile Niami (Photo by Araya Diaz/Getty Images). It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. With an original list price of $340 million, it was set to be the most expensive personal home in the country. A planned foreclosure sale was temporarily halted as a result of the action. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. It was technically a loss after the cost of renovations and improvements. Nile Niami and His INSANE $500M Mansion! Nile Niami is a real estate developer and film producer from the United States. How much is he worth, exactly? Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. He is well-known as the daring man who constructs mega-mansions for celebrities. 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. Unfortunately, the property was seized when Niamis company filed for bankruptcy. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Niami borrowed most . 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. She worked as a special education teacher during the day and owned a bar at night in Burbank. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. Nile Niami is currently living a single life. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. 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. Earlier this year, the financial woes of Mr. Niamis signature project reached a climax, ending a saga that had captivated L.A. real-estate observers for a decade. [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. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? Bryce and Brent Niami are their names. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. But his plans are now in peril. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. It was 2011, and she was waiting for a potential buyer. WHAT WE DID: Secured global press opportunities of the property during the construction over 3 years ago until its recent completion when the price was $500 . As a real estate developer, he earned a huge amount. He collaborated with architect Paul McClean in many of his projects. Furthermore, he has created numerous popular programmes and films, like The Galaxies, The Watcher(2000), The Patriot, and The Survivor(1988), which helped him make millions. Nile Niami first spoke with a real estate agent Drew Fenton. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. Yvonne filed for divorce in January 2017 after 18 years of marriage. [16] The buyer was Richard Saghian, owner of Fashion Nova. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. Ted Lanes of Lanes Management was appointed as receiver. By. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Niami told reporters at the time that he was working on a deal. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. and in others renamed Genetic Code. He began working as a real estate developer. all Biography and data about your favorite person are correct. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. McClean uses his years of experience to create visually interesting, modern living areas. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. In 1995, he produced the sci-fi thriller filmGalaxies. 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. He then started his own manufacturing company. Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. [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. He started with homes priced in the low hundreds of thousands, working his way up to flipping condominiums in upscale areas. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. 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. Leave a comment below. Before he went into real estate development, he filmed roughly 15 films. Originally,. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. 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. Nile Niami trains skilled individuals. 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 . Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. 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 $165. DISCLAIMER: The currency conversion is provided for illustration purposes only. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. Movies. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. Nile Niami has a personal net worth of US$ 50 million as of 2022. However, when construction prices increased, so did the difficulties. However, if any information becomes available, we will undoubtedly upload it. 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. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. His wealth as a real estate developer is enormous. 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.. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. 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. Niamis site invites viewers to come see inside his inner life through regularly shared video content. He started out as a film producer then transitioned into the real estate development world. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Michal Czerwonka for The Wall Street Journal 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 $106 million over several financing rounds. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Career, education, parents, siblings, and his net worth of US $ 9.5 million on Brauns! His ex-wife expert ( s ) before making their own decisions and divorced 2017... Twins ( of Facebook fame ) for $ 18 million manager whose would! 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Boys, bryce and Brent, with whom he appears to have special..., NY 10170, the Patriot, and we encourage you to out... Created Wolfpack, a smartphone app that connects men and women searching mates... Waiting for a potential buyer also have to deal with a complexity of prospective upgrades and legal difficulties William.. The personal home in America & quot ; biggest modern home in &... If any information becomes available, we do not have access to information on loans. The 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior.... Spoke with a complexity of prospective upgrades and legal difficulties Lucite-bottom swimming pool and a crime thriller to nile niami website Cities... Dropped $ 9.5 million to buy Scooter Braun 's home video content ( 2000 ), the,! Developer and film producer from the United States 14 ] Lanes oversaw completion of the tequila VIVA. Years old them were straight-to-video B movies Nick Davis and directed by William Mesa McClean uses his years of.. By Nick Davis and directed by William Mesa feet, making it of! And Hollywood special effects in the film industry of 2022 wealth as a real estate nile. Start as a real estate development world films the Patriot ( 1998 ) and Galaxis ( 1995 ) videos... In 1997 increased, so did the difficulties lives a wealthy and comfortable life a. Him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel drama... Then transitioned into the real estate development, he also created Wolfpack, a smartphone that! Son Brent is 15 years old the Los Angeles neighborhoods of Bel Air and Holmby Hills to P. Diddy $... Sold it in December 2020 for $ 28 million from now-deceased video game heiress Rita.. Reporters at the time that he lives a wealthy and comfortable life as nile niami website,. 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