nile niami website

Add all three to Cart . He then learned about special effects prosthetics for horror films. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. 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. His first movie Galaxis was an action film released in 1995. Instead of selling the massive home for $340 million as planned, it was sold at auction to recoup some of the debt incurred by Niamis company. He started out as a film producer then transitioned into the real estate development world. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. Previously, he was married toYvonne Niami. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. A few years later, he would start building his magnum opus: a Bel-Air megamansion he called The One, which he planned to put on the market for $500 million, making it the worlds priciest listing. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. He also produced the 2000 mystery-thriller filmThe Watcher. 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 receivership marks a stunning reversal for "The One". Niami later produced D.N.A., a science fiction horror and action film. Sadly, he had to lose his mother in a home assault in 2001. As of 2022, his net worth was approximately $50 million. 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. He collaborated with architect Paul McClean in many of his projects. Nile began his career as a film producer. 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. Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. The asking price$500 million . If you purchase a product or service with the links that I provide I may receive a small commission. However, some experts place his net worth significantly lower, around $10 million. Nile Niami has a net worth of around $50 million. 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. By. His app, Wolfpack, is no longer available. 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. 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. Mr. Ismaik didnt respond to a request for comment. Technically to receive it's certificate of occupancy. 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. 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. Movies. At the age of 19, he started working with his elder brother Doug Witkins. In 2001, she was tragically killed during a home invasion. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. 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. [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. We were trying to limit our funds to make sure that they went in the right place.. The property has a 50-car garage, four lane bowling alley, cigar room, multiplex-size movie theater, private nightclub (complete with VIP section), five elevators and a 10,000-bottle wine cellar. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. In Los Angeles, Niami had built 30 mansions. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. He really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. He began his career as a film producer before moving into real estate development. Most of these films were B movies, helping him start his fortune. This site includes affiliate links. Not feeling like reading today ? Nile Niami was born on February 25, 1968 in Los Angeles, California. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. After spending several years in film production, Nile Niami began working in real estate development. After a year, he earned great success with his luxury specs house. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. 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. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. It was built by Nile Niami, who promoted it as the "biggest and most expensive. He began working as a real estate developer. His average annual salary is around $97,911 each year. Links included in this description might be affiliate links. 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. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. The house is also poised to create history as the most expensive home in the world ever to sell at auction, according to marketing materials. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. Before he went into real estate development, he filmed roughly 15 films. Niami. More info can be found here. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. He also produced a large number of films, the majority of which were B movies made for direct-to-video. With an original list price of $340 million, it was set to be the most expensive personal home in the country. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. As a result, he became well-known within the real estate sector fast. [16] The buyer was Richard Saghian, owner of Fashion Nova. 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. DISCLAIMER: The currency conversion is provided for illustration purposes only. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. He worked on developing and flipping houses. The guy was Nile Niami, then an up-and-coming developer in his early 40s with ambitious plans in the L.A. spec-home space. McClean uses his years of experience to create visually interesting, modern living areas. He then produced the 1997 action filmT.N.T. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. 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. Nile and his wife split in 2017, according to reports. 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. This film was released in 1997 and directed by William Mesa. Do you know how much these celebrities earn? Nile Niami is an American millionaire who is both a film producer and a real estate developer. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. Nile Niami Was Born When? On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. In 1999, Niami produced a horror film, Resurrection. He has been selling luxury homes worth hundreds US$ 100 million. 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. As a real-estate developer, he has amassed a huge amount. 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. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. He has been selling houses worth hundreds of millions of dollars. Mr. Niami said he was renting the homes to third parties at the time. By 2017, Niami had already built more than 30 houses in Los Angeles. The lender gave Niami 90 days to repay the loan. 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. Nile Niami is not particularly active on social media sites. 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. There is a 4,000 square-foot guest house. 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. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. [1], Niami was born in 1968 in Los Angeles, California. In late 2021 "The One" was place into receivership which allowed an independently-appointed outside developer to come in and spend the estimated $5 million that was still needed to make the home live-able. Initially, he thought no one would be interested in high-valued specs homes. They had been married for almost 18 years before splitting up and getting divorced in 2017. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. She also started the charity clothing business N: Philanthropy. He is currently 54 years old and carries the Pisces zodiac sign. He had mastered the craft of selling since he was a little child. Ahem. The film was directed by Matt Early Beesley. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. Over the years his flips got more and more expensive. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. That, however, never happened. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. 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. Niami cut the asking price up to $85 million in September. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. He started his own production company a few years later. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. 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. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. 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. Ontwikkeld door voormalig filmproducent Nile Niami en architect Paul McClean, beschikt het Opus-landgoed over zeven slaapkamers, 11 badkamers en een overweldigende eigentijdse sfeer die 20.500 vierkante meter aan luxueuze leefruimte beslaat. Nile Niami (Photo by Araya Diaz/Getty Images). To report about any issues in our articles, please feel free toContact Us. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. 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. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. He had mastered the craft of selling since he was a little child. Please see our full disclaimer for more details. 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. Yvonne filed for divorce in January 2017 after 18 years of marriage. Opus was then valued at $38 million, far below its original asking price. His mom, who raised him alone, was a special education teacher. 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. 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. All net worths are calculated using data drawn from public sources. He made the horror-thriller video T.N.T. DNA, was his first action picture. He has also done research on prosthetics employed in horror film special effects. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. 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 immediately came to the conclusion that he couldnt make a living as a producer. Nile Niami made his fortune through film and real estate development. However, Niami eventually realized that he would not make enough profit from movies as a producer. We may infer from his works and efforts that he is a creative force. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. Niami borrowed tens of millions of dollars over the years to fund the massive project. If you like what were doing, consider supporting us by clicking. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. Yvonne Niami was the former spouse of Nile Niami. 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. He worked as a professional film producer prior to entering the real estate industry. 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.. 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. MUST BE READ:What Is the Net Worth of Johnny Knoxville? 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. This couple has two kids. Estimates for Niamis net worth sit around $50 million. 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. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. We sought him on every social networking site, including Instagram, Facebook, and Twitter, but he was nowhere to be found except on Instagram, where he is known as @nileniami and has over 86k followers. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Producer: The Watcher. 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. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. There is no additional charge to you! [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. Around this time the home's asking price had been lowered to $225 million. Martell Holt Net Worth, Early Life, Career, & Personal Life. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. He is listing it for $39.995 million. He is a millionaire who was raised by a single parent and have age 54. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. Unfortunately, the property was seized when Niamis company filed for bankruptcy. With perhaps one exception, these violations were not caused by me, he said. Tom Hiddlestons net worth is $40million as of 2023. 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. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? We commit to cover sensible issues responsibly through the principles of neutrality. The creator of the tequila company VIVA XXXII is his ex-wife. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Who is Nile Niami American producer of movies and real estate developer Nile Niami. Moment came in 2012 when he flipped a home invasion parent and have age 54 our nile niami website, please free! 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