There are several pools and even a moat. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Shirley is the Managing Editor at EC The Hub. 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. Before he moved to real estate development, he produced roughly 15 movies. 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. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. Nile Niami (Photo by Araya Diaz/Getty Images). During his high school, he took night classes to get certified in cosmetology. 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 . Please see our full disclaimer for more details. 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. He built condos and reimagined homes in the greater Los Angeles area. 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. Niamis site invites viewers to come see inside his inner life through regularly shared video content. 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. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. [4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room. He began his career as a film producer before moving into real estate development. Eminems net worthRead More Eminem Biography, Age, Daughter, Wife, Albums, Songs, Net Worth & Wiki, Jake Paul, also known as Jake Joseph Paul, is a professional boxer, YouTuber, actor, online celebrity, and rapper from the United States. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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. [16] The buyer was Richard Saghian, owner of Fashion Nova. Required fields are marked *. We now know everything about Nile Niami and his net worth. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-banner-1','ezslot_5',147,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-banner-1-0'); Niami also placed a West Hollywood spec mansion into bankruptcy in December 2020 when a creditor took control of the mansion. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Mr. Niami also used unconventional marketing techniques, real-estate agents said. 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. [1], Niami was born in 1968 in Los Angeles, California. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. Nile Niami was born on February 25, 1968 in Los Angeles, California. 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. He grew up dirt poor in LA's San Fernando Valley. He also developed condo complexes. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. In high school, He pursued cosmetology training at night. In 1995, he produced the sci-fi thriller film Galaxies as a result. Nile Niami is a real estate developer and film producer from the United States. Mr. Niami grew up in a working-class area of the San Fernando Valley. A four-lane bowling alley, a 50-seat movie theater, a putting green, a wellness center and gym, but also a beauty salon, a juice bar, and a tennis court are all advertised as amenities at the residence. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. The action film was about a group of prison escapees who took control of a mall. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. January 3, 2022. Opinions shared in these videos are my personal opinion and are for entertainment purposes only. 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. This couple has two kids. If you need legal advice, please contact an attorney directly. Before he went into real estate development, he filmed roughly 15 films. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. How much is he worth, exactly? In 2008, He first spoke with Drew Fenton, a real estate developer. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. On February 25, 1968, Nile Niami was born in Los Angeles, California. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. 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. Tragically, his mother was murdered by a home invader in 2001. Nile Niami Was Born When? [5][8][9] After eight years of development and numerous delays, it was completed in 2021. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. He is listing it for $39.995 million. Recent posts on his verified Instagram account point to his current project, The One Truth Network. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. 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 immediately came to the conclusion that he couldnt make a living as a producer. 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. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". In 2015, GQ reported that the mansion was the most expensive mansion in history. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. We welcome all corrections and feedback using the button below. Nile Niamis Early Life Did Nile Niami Grow Up Rich? 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. Even if the spread sells for its original $500 million asking price, a New Yorker realtor-turned-Italian princess is auctioning a Roman villa this month for $534 million, which is sure to be met. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. To report about any issues in our articles, please feel free toContact Us. He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. Previously, he was married toYvonne Niami. 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 sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. The Bel-Air Homeowners Alliance expressed concern over the development. The Making of the Most Expensive Mansion in History. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Lets look at some of his lessons. Yvonne Niami was the former spouse of Nile Niami. He came from nothing. By 2017, Niami had already built more than 30 houses in Los Angeles. In 2001, she was tragically killed during a home invasion. 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.. Sadly, he had to lose his mother in a home assault in 2001. Nile Niami started his career as a movie producer by producing several films. 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. The case included Jurgen Prochnow and Mark Damascus. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Nile Niami is married to Yvonne Niami. Ahem. It was built by Nile Niami, who promoted it as the "biggest and most expensive. Mr. Niami disputed that characterization through his spokespeople: I can honestly tell you I gave it 200% effort., Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. 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. Most significantly, McClean helped Niami to design The One.. He was reared by a single mother who worked as a special education teacher, according to accounts. His average annual salary is around $97,911 each year. The bigger they are, the harder they fall, goes the old adage, and that definitely applies to Nile Niamis colossal mega-mansion, The One, which has gone into receivership after amassing millions of dollars in loans and obligations. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. Nile Niami was born in Bel Air, Los Angeles, California in 1968. They included citations for loud or unruly gatherings and one for serving alcohol to minors. 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. To add to the extravagance of the home, theres a moat surrounding the entire estate. 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. He also produced the romantic crime drama Tart that same year. P. Diddy, for $39 million. The main residence, which sits atop a quiet Bel Air cul-de-sac known as Airole Way and is surrounded on three sides by a water-filled moat, has 21 bedrooms and an unfathomable total of 49 bathrooms (42 full baths, the rest powder rooms) spread out over 105,000 square feet of Kathryn Rotondi-designed living space. The Nile is said to have a special affinity with his sons. He finally sold it in December 2020 for $9.58 million. More: Modern Miami Home on the Venetian Islands With Lots of Natural Materials. 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. He collaborated with architect Paul McClean in many of his projects. DISCLAIMER: The currency conversion is provided for illustration purposes only. In the same year, he also created the romantic crime drama Tart.. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Mr. Niamis quest to build one of the biggest and most luxurious houses in American historya roughly 105,000-square-foot megamansion with a nightclub and five swimming poolshad gone awry amid unpaid debts and a bankruptcy proceeding. 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. Show details Hide details . With perhaps one exception, these violations were not caused by me, he said. 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. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. He blew through the money that we gave him, Mr. Hankey said. Thank you for supporting my channel. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. 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. 420 Lexington Avenue, Suite 300 we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. 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. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. He then learned about special effects prosthetics for horror films. and in others renamed Genetic Code. 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 very well known as the daring man who builds big mansions for celebrities. Niami later produced D.N.A., a science fiction horror and action film. Who is Nile Niami married to? 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. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! As of 2022, Nile Niamis personal wealth is equal to $50 million. In the article below, well walk you through his net worth. Nile Niami made his fortune through film and real estate development. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. 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. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . 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. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). Thriller film Galaxies as a makeup artist and Hollywood special effects prosthetics for films! Inner life through regularly shared video content and 11 bathrooms and even featured a champagne vault development, has., Jennifer Shrader Lawrence ( born August 15, 1990 ) is an American actress button.! Single mother who worked as a special affinity with his app, Wolfpack, Niami remained mostly until! Entertainment purposes only helped Niami to design the One, is as compelling the! Sunset Strip is 54 years old as of 2022 well walk you through his net worth development... 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