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? Show details Hide details . 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. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. He finally sold it in December 2020 for $9.58 million. Nile Niamis The One finally Sold for $141 million dollars! Your email address will not be published. He also produced a large number of films, the majority of which were B movies made for direct-to-video. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. Im not that sensitive of a personIve been in this business a long time and I can handle myselfbut I started crying.. 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. He also produced the 2000 mystery-thriller filmThe Watcher. He began his career as a film producer before moving into real estate development. This perception was bolstered by Mr. Niamis active social-media presence. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. He grew up dirt poor in LA's San Fernando Valley. Nile Niamis Early Life Did Nile Niami Grow Up Rich? Not feeling like reading today ? Initially, he thought no one would be interested in high-valued specs homes. During his high school, he took night classes to get certified in cosmetology. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. He is currently 54 years old and carries the Pisces zodiac sign. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. He constructed upon his success as a movie producer and real estate developer. 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. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! In 2017, the couple parted ways. The Nile is said to have a special affinity with his sons. Nile Niami is an American film producer and real estate developer. His first film, Galaxis, was a science fiction action film released in 1995. The following year, he produced the horror-thriller videoDNA. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! There is no additional charge to you! Our Articles differ from international news to the freshest tools to snippets about viral content. We may infer from his works and efforts that he is a creative force. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. If you like what were doing, consider supporting us by clicking. 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. He has been selling houses worth hundreds of millions of dollars. Nile Niami has a net worth of around $50 million. The Bel-Air Homeowners Alliance expressed concern over the development. They included citations for loud or unruly gatherings and one for serving alcohol to minors. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. Mr. Saghian declined to comment on that accusation. 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. People started coming in and they started copying me, he said in 2018. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Niami. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. A One-Time $500 Million Bel Air Mansion Has Defaulted On Its Debt And Has Been Placed Into Receivership, Los Angeles Is Home To The Largest (And Most Expensive) Residence In The World, Los Angeles Mansion The One Formerly Priced At $500 Million, Is $100 Million+ In Default On Its Loans. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. [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. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. He has turned many neglected estates intomegamansionsin Los Angeles. 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. Ms. Niami didnt respond to requests for comment. American producer of movies and real estate developer Nile Niami. As a real estate developer, he earned a huge amount. With no buyers in sight, the lender served a notice of default on the property in March 2021. Do you know how much these celebrities earn? Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. 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. Ted Lanes of Lanes Management was appointed as receiver. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. But his plans are now in peril. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. 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. He has been selling houses worth hundreds of millions of dollars. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. Nile Niami was born in Bel Air, Los Angeles, California in 1968. 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However, if any information becomes available, we will undoubtedly upload it. Previously, he was married toYvonne Niami. For many buyers, it was too large, more like an office park than a private residence. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. 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. He was reared by a single mother who worked as a special education teacher, according to accounts. However, we do not have access to information on his schooling. Today, he is very known for building extravagant homes in Los Angeles. 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. 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. Mr. Ismaik didnt respond to a request for comment. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. Nile and his wife split in 2017, according to reports. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. A multiday online auction was scheduled for March of 2022. 2023 Celebrity Net Worth / All Rights Reserved. The estate includes a massive nightclub, full-service beauty salon, wellness center, four-lane bowling alley, and 10,000-bottle wine cellar, as well as a sky deck with a putting green, glass-encased jogging track, 40-seat Dolby Digital theater, five pools, and a 30-car garage with two display turntables, as promised by Niami. The divorce filing cited irreconcilable differences as the reason for their separation. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. In January 2017, she filed for divorce after 18 years of marriage. 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. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Nile Niami is a former film producer. 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. 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. 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. Bryce and Brent Niami are their names. A judge approved the sale a few weeks later. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. After spending several years in film production, Nile Niami began working in real estate development. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. 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. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. Otherwise, the lender could force a sale of the famous property, the report said. Estimates for Niamis net worth sit around $50 million. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. 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. The home has a grand total of 7 bedrooms, and 11 bathrooms and even featured a champagne vault. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. 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. Technically to receive it's certificate of occupancy. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. Most of these films were B movies, helping him start his fortune. He collaborated with architect Paul McClean in many of his projects. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. 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.. 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. Chris Hemsworths net worth is $130 million as of 2023. (Theyre extremely close to receiving the certificate of occupancy; the city and the Bel Air homeowners association are still negotiating; its all about money at the end of the day, a source said.). Nile Niami is a real estate developer and film producer from the United States. He is a millionaire who was raised by a single parent and have age 54. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. 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. Niami, known. He seemed to be more into following the divorce. After the couple split, Mr. Niami developed a reputation in the real-estate industry as a party boy, according to business associates who worked with him during that period. He has studied horror movies and effects prosthetics. Nile Niami is a fo. Unfortunately, the property was seized when Niamis company filed for bankruptcy. What Is Tom Selleck Net Worth? All information on this site should be used for informative and educational purposes only. He then became a real estate developer. Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. 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. 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! 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. 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.. Who is Nile Niami married to? 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. [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. Nile Niami is married to Yvonne Niami. He began his career as a film producer before moving into real estate development. Thank you for supporting my channel. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. Yvonne filed for divorce in January 2017 after 18 years of marriage. 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. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. That, however, never happened. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. It was built by Nile Niami, who promoted it as the "biggest and most expensive. 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 . 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. 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. If you purchase a product or service with the links that I provide I may receive a small commission. 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. Lets look at some of his lessons. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. 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 cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen scheduled for of! December 2020 for $ 28 million from now-deceased video game heiress Rita Kogan buyers... Upon his success as a film producer before moving into real estate developer and film producer real... 50 million his spokespeople, saying he never received a single parent and age! Million as of 2023, so the house couldnt be legally lived in that horror. Called the one form of an extramarital relationship in late 2012 for $ 100 million and included the... 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