He then sold the global film rights to Witkins production business. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. Keep an eye out for Nile Niamis mega-mansion The One! He worked in special effects for low-budget movies before starting his own production company in 1994. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. This couple has two kids. 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. Producer: The Watcher. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. According to the listing agents, the property includes views from every room, numerous kitchens, a 10,000-bottle wine cellar, gym, sauna, salon, bowling alley, movie theater, nightclub, five pools, and a moat. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. It entailed living in the mansion and holding boxing fights and charity galas in which celebrities such as Michael Jackson and Whitney Houston would perform via hologram. Nile and his wife split in 2017, according to reports. He also commissioned architect Paul Mcclean to design a home in the Bird Streets for the Winklevoss twins Cameron and Tyler (north of Sunset Boulevard). The One was a hard sell, according to agents who toured the property. Nile Niami is not particularly active on social media sites. Earlier this year, the financial woes of Mr. Niamis signature project reached a climax, ending a saga that had captivated L.A. real-estate observers for a decade. Your email address will not be published. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. He started out as a film producer then transitioned into the real estate development world. This isnt the first time that a Niami mega mansion has run into difficulties. 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. Niamis debt had risen to over $190 million. 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. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. There are several kitchens. Nile Niami. Nile was raised by his single mother. Nile Niamis Early Life Did Nile Niami Grow Up Rich? 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. Nile Niami is a former film producer. However, when construction prices increased, so did the difficulties. He was selling a lifestyle, Mr. McClean said. To report about any issues in our articles, please feel free toContact Us. 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. As a result, he became well-known within the real estate sector fast. He also developed condo complexes. In January 2017, she filed for divorce after 18 years of marriage. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. 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. [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 is currently working on his future real estate projects that will significantly increase his net worth. He was reared by a single mother who worked as a special education teacher, according to accounts. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. However, some experts place his net worth significantly lower, around $10 million. 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! Please see our full disclaimer for more details. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. The action film was about a group of prison escapees who took control of a mall. 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. In March, The One sold at auction for just $126 million plus commissions and fees, far less than the roughly $190 million debt outstanding on the house, according to bankruptcy filings. He has turned many neglected estates intomegamansionsin Los Angeles. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. 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. Menu. Nile was born in the year 196 in Los Angeles, California. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. The One, which lies on 3.8 acres and has 21 bedrooms and 42 bathrooms, rises like a spaceship from the manicured hills of Bel Air. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. 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. 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. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. Leave your comments down below! Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Later, he became a real estate developer. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. Nile Niami made his fortune through film and real estate development. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. After an eight-year development, it will be completed in 2021. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. Nile Niami is a fo. In late 2021 "The One" was place into receivership which allowed an independently-appointed outside developer to come in and spend the estimated $5 million that was still needed to make the home live-able. 2023 Celebrity Net Worth / All Rights Reserved. P. Diddy, for $39 million. American producer of movies and real estate developer Nile Niami. 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. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. 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. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. The main house has nine bedrooms. 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. 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. 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. However, if any information becomes available, we will undoubtedly upload it. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. 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. He built two mansions in the Holmby Hills neighborhood. It was built by Nile Niami, who promoted it as the "biggest and most expensive. In 1995, he produced the sci-fi thriller film Galaxies as a result. 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. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Nile Niami and His INSANE $500M Mansion! He is currently 54 years old and carries the Pisces zodiac sign. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. He is very well known as the daring man who builds big mansions for celebrities. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. He was raised by a single mother who was a special education teacher. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. His app, Wolfpack, is no longer available. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. In the ensuing years, he created the horror-thriller video DNA. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. 2 years later, he tried to sell this home for US$19.9 million. 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. Tom Hiddlestons net worth is $40million as of 2023. Initially, he thought no one would be interested in high-valued specs homes. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). With perhaps one exception, these violations were not caused by me, he said. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. Nile Niami is an American millionaire who is both a film producer and a real estate developer. Movies. Submit a correction suggestion and help us fix it! Yvonne filed for divorce in January 2017 after 18 years of marriage. He sold it in December 2020 for $ 9.58 million. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. Around this time, Mr. Niami started saying that he didnt want to sell The One at all, Mr. Kirman said, instead proposing turning it into a high-end events venue that would host boxing matches or even the Academy Awards. As of 2022, Nile Niamis personal wealth is equal to $50 million. While he occasionally uses social media, he gains no income from his social media accounts. 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. 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 $15 million. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. Nile Niami Net Worth is US$ 50 Million as of 2022. In recent years, his massive mega-mansion, The One, has made headlines across the country. 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. Recent posts on his verified Instagram account point to his current project, The One Truth Network. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. 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. In high school, He pursued cosmetology training at night. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. 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. In 1995, he produced the sci-fi thriller filmGalaxies. He collaborated with architect Paul McClean in many of his projects. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. Frequent headlines about the house were also a deterrent to buyers, agents said. A planned foreclosure sale was temporarily halted as a result of the action. 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. This film was released in 1997 and directed by William Mesa. If you purchase a product or service with the links that I provide I may receive a small commission. 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. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. 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. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. 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. Niami later produced D.N.A., a science fiction horror and action film. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). 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. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. Some of these items ship sooner than the others. 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