Mr. Niami said through his spokespeople that if I were allowed to follow that dream, all of the investors and lenders would have been paid in full, and I would have been in profit on the project.. 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. However, as Niamis hopes and dwellings grew, so did his losses. 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. During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. In the ensuing years, he created the horror-thriller video DNA. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. A judge approved the sale a few weeks later. In a failed venture, Nile created an app for single men looking for friends. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. 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. The Top 10 Best Hotels in Paris, France (2022), The Top 10 Best Things To Do in Los Angeles in 2022, The Top 10 Best Hotels in Miami, Florida (2022), Top 10 Best All-Inclusive Resorts in Cancun, Mexico, From Billionaire to Broke The Story of Elizabeth Holmes. In high school, He pursued cosmetology training at night. Estimates for Niamis net worth sit around $50 million. 2023 Celebrity Net Worth / All Rights Reserved. Nile Niami Net Worth is US$ 50 Million as of 2022. It was built by Nile Niami, who promoted it as the "biggest and most expensive. We commit to cover sensible issues responsibly through the principles of neutrality. [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. 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. He racked up big-ticket deals, include the 2014 sale of a Holmby Hills mansion with an underwater tunnel to P. Diddy for $39 million; the rappers spokesperson didnt respond to a request for comment. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. He sold it in December 2020 for $ 9.58 million. Jake Pauls netRead More Jake Paul Biography, Age, Weight, Girlfriends, KSI, Boxing, Logan Paul, Anderson Silva, Net Worth & Wiki, Lewis Capaldi, also known as Lewis Marc Capaldi, is a singer, songwriter, musician, and social media presence from Scotland. 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. However, if any information becomes available, we will undoubtedly upload it. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. In 2001, she was tragically killed during a home invasion. Your email address will not be published. The latest episode of The Last of Us showed STARZ is an American TV station that has a What Is the Net Worth of Johnny Knoxville? As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. 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. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. 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. 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. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. To add to the extravagance of the home, theres a moat surrounding the entire estate. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Trending. 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. Previously, he was married toYvonne Niami. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. In recent years, his massive mega-mansion, The One, has made headlines across the country. He blew through the money that we gave him, Mr. Hankey said. In addition, you also get a private dinner with Nile Niami at Providence (a Michelin-star restaurant) and a $2,000 donation to Childrens Hospital Los Angeles in your name. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. 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. 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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. He has been selling houses worth hundreds of millions of dollars. Bryce Hall Net Worth, Early Life, Career, & Personal Life. While he occasionally uses social media, he gains no income from his social media accounts. 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Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Loving our content? The One is Nile Niamis most ambitious project. 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. The entire property sits on an impressive acre. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. 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. The case included Jurgen Prochnow and Mark Damascus. The main house has nine bedrooms. [2] Nile Niami trains skilled individuals. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Two years later he attempted to sell this home for $19.9 million. Nile began his career as a film producer. ], 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. Tragically, his mother was murdered by a home invader in 2001. 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. What are your thoughts on the One being finally sold ? Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! Before he began constructing little condominiums and remodeling houses for resale, he produced . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. 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. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Nile Niami (Photo by Araya Diaz/Getty Images). Later, he became a real estate developer. 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. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. He had cash-flow problems, Mr. Hankey said of Mr. Niami. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. In January 2022, the enormous property was listed for $295 million. Frequent headlines about the house were also a deterrent to buyers, agents said. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. On February 25, 1968, Nile Niami was born in Los Angeles, California. 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 . Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Roughly $2 million worth of art and other accessories were included in the price. Nile Niami is a real estate developer based in Southern California. Choose items to buy together. [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. 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. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. In Los Angeles, Niami had built 30 mansions. 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. 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 is recognized for the massive home, The one. 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. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. 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. However, Niami eventually realized that he would not make enough profit from movies as a producer. They spent about four hours one evening exploring the house. 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. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. 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. He then became a real estate developer. 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 is currently 54 years old and carries the Pisces zodiac sign. The divorce filing cited irreconcilable differences as the reason for their separation. Aiding in the . After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. He then produced the 1997 action filmT.N.T. And hes a smart guy. Technically to receive it's certificate of occupancy. Movies. 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.. Not feeling like reading today ? MUST BE READ:What Is the Net Worth of Johnny Knoxville? It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. He declared, Im gonna make an offer.. Nile Niami is well-known as a professional realtor. Hes passionate about helping connect modern living with the surrounding natural features of a property. Niami borrowed most . Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. We priced our loan a bit higher than the normal because there was extra risk involved. Mr. Niamis spokespeople said he believes the loan was priced comparably to Mr. Hankeys other loans. McClean uses his years of experience to create visually interesting, modern living areas. Unfortunately, the property was seized when Niamis company filed for bankruptcy. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! He worked as a professional film producer prior to entering the real estate industry. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). 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. His app, Wolfpack, is no longer available. He began working as a real estate developer. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. 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. 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. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. She is responsible for overseeingthe daily flow of content across EC The Hubs digital channels, as well as editing, writing and managing content for EC The Hubs website and blog. 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. The lender gave Niami 90 days to repay the loan. 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. 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. He built two mansions in the Holmby Hills neighborhood. 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. Two years later he sold a mansion in Beverly Hills for $38.3 million. They had been married for almost 18 years before splitting up and getting divorced in 2017. 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. Nile Niami and His INSANE $500M Mansion! He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. 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. 2 years later, he tried to sell this home for US$19.9 million. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. And dwellings grew, so did his losses US $ 50 million repay! Ny folds it, LA rolls it of Johnny Knoxville of the pandemic in 2020 Mr.... For an unknown cost [ 13 ] is no longer available, as Niamis and! On will significantly increase the value of his current Net worth, Early Life Career. Actual biodata from a different authorized source and put it all together for our visitor interesting! Succeed in the sale a few weeks later ), producer of Films as... 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