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. 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. Estimates for Niamis net worth sit around $50 million. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Technically to receive it's certificate of occupancy. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. 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. All net worths are calculated using data drawn from public sources. He said that construction on The One stopped and started over the years because funds were disbursed slowly by Mr. Hankey, and that Mr. Niami had to advance money to pay for the construction. He first stepped into the public eye as a film producer, producing over a dozen films over the years. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. 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. Nile Niami is a real estate developer based in Southern California. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. 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. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. 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. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. 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. Since then, he's worked on building and renovating large homes in the Los Angeles area. Nile Niami is a real estate developer and film producer from the United States. 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. It sold for only $126 million, a price significantly lower than originally projected. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. As a result, he became well-known within the real estate sector fast. He has been selling houses worth hundreds of millions of dollars. Nile Niami is a former film producer. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. In 2017, the couple parted ways. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He has turned many neglected estates intomegamansionsin Los Angeles. 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. In 2015, GQ reported that the mansion was the most expensive mansion in history. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. 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. The divorced couple has two sons, Bryce and Brent. Designed by architect Paul McClean and developed by Niami, the property also offered nearly $12 million worth of Lamborghinis, Rolls-Royces, and Damien Hirst paintings. 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 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. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. 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. Nile Niami has a net worth of around $50 million. 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. 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. There are several lenders who are still owned. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. The One is Nile Niamis most ambitious project. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. He worked as a professional film producer prior to entering the real estate industry. Nile Niamis Early Life Did Nile Niami Grow Up Rich? 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. He was born and raised in the San Fernando Valley in Los Angeles. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Both properties are about the same. After a year, he earned great success with his luxury specs house. Nile Niami got his start as a film producer. 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. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. If you need legal advice, please contact an attorney directly. Lets look at some of his lessons. 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. 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. Most significantly, McClean helped Niami to design The One.. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. Nile Niami (Photo by Araya Diaz/Getty Images). 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. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. 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. 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. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. 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 Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. 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? [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. For many buyers, it was too large, more like an office park than a private residence. Well also give you some insight as to how he earned his millions. Some of these items ship sooner than the others. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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. Nile Niami continues to work as a real estate developer to this day. Nile Niami Was Born When? Bryce and Brent Niami are their names. 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. Hes passionate about helping connect modern living with the surrounding natural features of a property. He also developed condo complexes. He then produced the 1997 action filmT.N.T. And hes a smart guy. The divorce filing cited irreconcilable differences as the reason for their separation. 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. [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). Mr. Niami had purchased the site in 2012 for $28 million, according to property records. Niami, known. After some years he launched his own production company. And one more thing.. 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. He collaborated with architect Paul McClean in many of his projects. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. It was built by Nile Niami, who promoted it as the "biggest and most expensive. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. [1], Niami was born in 1968 in Los Angeles, California. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. 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. His wife, Yvonne Niami, is also involved in philanthropic efforts. 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. 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. During their marriage, they participated in many philanthropic endeavors. He then learned about special effects prosthetics for horror films. 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. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Do you know how much these celebrities earn? 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. However, Niami eventually realized that he would not make enough profit from movies as a producer. However, when construction prices increased, so did the difficulties. The American millionaire Nile Niami is a real estate developer and film producer. 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. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. Aiding in the . 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 $165. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. This couple had been married for almost 18 years before they separated and divorced in 2017. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Frequent headlines about the house were also a deterrent to buyers, agents said. Known since its inception by colorful and controversial developer Nile Niami simply as "The One," the monstrous and still-incomplete Los Angeles structure is 10 years in the making. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. Nile Niami began his career as a director by directing a number of Bollywood films. He has studied horror movies and effects prosthetics. 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. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Who is Nile Niami married to? Yvonne filed for divorce in January 2017 after 18 years of marriage. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. He immediately came to the conclusion that he couldnt make a living as a producer. T.N.T., his debut action film, was released in 1997. 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. 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. 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. Around this time the home's asking price had been lowered to $225 million. 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. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Unfortunately, the property was seized when Niamis company filed for bankruptcy. Nile Niami's The One finally Sold for $141 million dollars! 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. 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. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. 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. 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. Henry Cavills net worth is $50 million asRead More Henry Cavill Biography, Age, Height, Wife, Movies, Witcher, Girlfriend, Superman, Net Worth & Wiki, Tom Hiddleston, born Thomas William Hiddleston, is a British model and actor. Michal Czerwonka for The Wall Street Journal A listing video for one of his properties featured female models, covered in gold paint, wearing black lingerie and chain mail; another model swam naked in the pool. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. This films title varies around the world, in some places renamed A.D.N. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. The Nile is said to have a special affinity with his sons. Nile is currently working on his future real estate projects that will significantly increase his net worth. Pedro Pascals net worth is $10 million as of 2023.Read More Pedro Pascal Biography, Age, Wife, Movies, TV Shows, Last Of Us, GOT, Partner, Mandalorian, Net Worth & Wiki, Oscar Isaac, born Oscar Isaac Hernandez Estrada in Guatemala City, is a Guatemalan-American actor and producer. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Additionally, he built about 30 luxury homes in Los Angeles. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Book a private zoom call through this link: -https://scottedward.youcanbook.meCONTACT ME for house tours, video ideas, sponsorships, or just to say hi: -scottedwardllc@gmail.com BECOME A CHANNEL MEMBER! David Cronenberg also had a cameo role in the film as a priest. In 2017 he sold a home to Floyd Mayweather for $26 million. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. He then completed the construction of the megamansion in early 2021, after eight years of development. 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. 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. 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. He started his own production company a few years later. 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. While still a high school student, he pursued cosmetology training after school. He had cash-flow problems, Mr. Hankey said of Mr. Niami. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. Leave your comments down below! [3] The construction attracted unease from the Bel-Air Homeowners Alliance,[4] whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. Nile and his wife split in 2017, according to reports. With no buyers in sight, the lender served a notice of default on the property in March 2021. 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. 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. As of 2022, his net worth was approximately $50 million. He was selling a lifestyle, Mr. McClean said. Nile Niami is a real estate developer and film producer from the United States. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. 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In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. One of the contemporary view homes was later purchased for US$18 million by businessmen Cameron and Tyler Winklevoss. To report about any issues in our articles, please feel free toContact Us. The conclusion that he couldnt make a living as a film producer from the United States Mr. other... Time the home has 7 bedrooms, 11 bathrooms and a champagne vault helping connect living. Around this time the home 's asking price had been lowered to 225... Niamis net worth: Heres Check all information Regarding his Early Life, professional career, married,. By directing a number of Bollywood films and Mr. Niami property in March.... Mayweather for $ 126 million, according to its chairman, Fred Rosen, nile niami website home asking! Luxury homes in the Los Angeles, California nile niami website Carcassonne Road 28,000-square-foot mansion for 126... 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