All net worths are calculated using data drawn from public sources. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. In 1995, he produced the sci-fi thriller film Galaxies as a result. For any Updates Keep Visiting Our Websiteecthehub.com, EC The Hub is the news source for thousands of daily visitors who are looking for General News, Business updates, Entertainment News, Gaming Industry, Technology Friendly. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). What Is Tom Selleck Net Worth? After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. Nile Niami is probably best-known for constructing a 105,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. He worked on developing and flipping houses. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. He was also furious at Mr. Saghian, saying that Mr. Saghian had been a good friend and accusing him of backstabbing., More: Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, I showed Richard The One because he said he was interested in buying it, Mr. Niami said through the spokespeople. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. He rose to prominenceRead More Tom Hiddleston Biography, Age, Height, Child, Taylor Swift, Girlfriend, Loki, Movies, Net Worth & Wiki, Khabane Khaby Lame, better known as Khaby Lame, is a Senegalese TikToker, YouTuber, Instagrammer, and social media celebrity. 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. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. 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. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. 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. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). Nile Niami is a real estate developer and film producer from the United States. In 2015, GQ reported that the mansion was the most expensive mansion in history. 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. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. 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. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. 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. 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. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. Estimates for Niamis net worth sit around $50 million. Nile Niami is married to Yvonne Niami. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! After an eight-year development, it will be completed in 2021. He first stepped into the public eye as a film producer, producing over a dozen films over the years. During his high school, he took night classes to get certified in cosmetology. He has turned many neglected estates into megamansions in Los Angeles. Producer: The Watcher. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. Niami told reporters at the time that he was working on a deal. For many buyers, it was too large, more like an office park than a private residence. Nile Niami is a former film producer. He immediately came to the conclusion that he couldnt make a living as a producer. Some of these items ship sooner than the others. Nile Niami was born in Bel Air, Los Angeles, California in 1968. Both properties are about the same. He then learned about special effects prosthetics for horror films. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. 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. Bryce Hall Net Worth, Early Life, Career, & Personal Life. 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. DISCLAIMER: The currency conversion is provided for illustration purposes only. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. 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. 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 $141 million, including fees. He has been selling houses worth hundreds of millions of dollars. We were trying to limit our funds to make sure that they went in the right place.. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. He has been selling luxury homes worth hundreds US$ 100 million. We do our best to keep offers up-to-date. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Nile Niami got his start as a film producer. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. 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. 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. 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. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. All property prices are as stated by the listing agent. According to a two-part home tour broadcast on YouTube in April, the huge property has 20 bedrooms, including eight bedrooms for the employees and a three-bedroom guest house, approximately six elevators, a library, cigar room, and confectionery room. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. 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. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. He began his career as a film producer before moving into real estate development. Nile Niami is a real estate developer based in Southern California. There are several pools and even a moat. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. After spending several years in film production, Nile Niami began working in real estate development. Since then, he's worked on building and renovating large homes in the Los Angeles area. Not feeling like reading today ? Shirley is the Managing Editor at EC The Hub. He is recognized for the massive home, The one. Nile Niami is well-known as a professional realtor. Residential Real Estate The One PR. However, some experts place his net worth significantly lower, around $10 million. On February 25, 1968, Nile Niami was born in Los Angeles, California. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. His first movie Galaxis was an action film released in 1995. Nile was born in the year 196 in Los Angeles, California. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. He appears to be overly preoccupied with his profession. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. His average annual salary is around $97,911 each year. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. There are several lenders who are still owned. He finally sold it in December 2020 for $9.58 million. [1], Niami was born in 1968 in Los Angeles, California. 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, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. The property has a 50-car garage, four lane bowling alley, cigar room, multiplex-size movie theater, private nightclub (complete with VIP section), five elevators and a 10,000-bottle wine cellar. Your email address will not be published. But his plans are now in peril. He then started his own manufacturing company. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. Niami had developed the art of selling at a very young age. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. It was legally a loss after the improvements and restorations. Nile Niami continues to work as a real estate developer to this day. 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.. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. He also built a 14,000-square-foot house for himself just above the Sunset Strip. While he occasionally uses social media, he gains no income from his social media accounts. 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. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. He then completed the construction of the megamansion in early 2021, after eight years of development. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? January 3, 2022. This couple had been married for almost 18 years before they separated and divorced in 2017. He is well-known as the daring man who constructs mega-mansions for celebrities. 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. However, we do not have access to information on his schooling. Initially, he thought no one would be interested in high-valued specs homes. Show details Hide details . He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. 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. He blew through the money that we gave him, Mr. Hankey said. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. [15] It did not receive an offer and on March 4, 2022, The property was sold at auction for US$127 million, becoming one of the most expensive houses ever sold at an auction in the United States. However, Niami eventually realized that he would not make enough profit from movies as a producer. After some years, Niami established his own production firm. To report about any issues in our articles, please feel free toContact Us. Nile was raised by his single mother. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. Roughly $2 million worth of art and other accessories were included in the price. The Making of the Most Expensive Mansion in History. 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. He then became a real estate developer. Niami cut the asking price up to $85 million in September. 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. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. Recent posts on his verified Instagram account point to his current project, The One Truth Network. A judge approved the sale a few weeks later. He had cash-flow problems, Mr. Hankey said of Mr. Niami. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. He then sold the global film rights to Witkins production business. In the ensuing years, he created the horror-thriller video DNA. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. , many of them were straight-to-video B movies himself just above the Strip! 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