Mr. Niami was also undergoing changes in his personal life. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. As of 2022, his net worth was approximately $50 million. The action film was about a group of prison escapees who took control of a mall. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Mr. Niami said he was renting the homes to third parties at the time. It was 2011, and she was waiting for a potential buyer. He also produced the 2000 mystery-thriller filmThe Watcher. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. [16] The buyer was Richard Saghian, owner of Fashion Nova. 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. January 3, 2022. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Sadly, he had to lose his mother in a home assault in 2001. 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. The home, called The One, was auctioned off on Thursday night March 3, with the top price of $126 million. 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.. In October 2022, Nile Niami opened the first location of Crustica, a healthy pizza joint, in West Hollywood. Nile Niami got his start 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. The divorce filing cited irreconcilable differences as the reason for their separation. 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. 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. In today's episode, we talk about this update.REAL ESTATE INVESTING COURSE -https://scottedwardrealestate.com/real-estate-investing-course/FOLLOW ME ON INSTAGRAM -https://www.instagram.com/scottedwardrealestate/ CHECK OUT MY WEBSITE (for more info about my real estate investing story) -https://www.scottedwardrealestate.comMEET WITH ME ONE-ON-ONE to talk about real estate investing, starting a youtube channel, or anything else. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. Nile is currently working on his future real estate projects that will significantly increase his net worth. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. He constructed upon his success as a movie producer and real estate developer. In high school, He pursued cosmetology training at night. Residential Real Estate The One PR. He also produced a large number of films, the majority of which were B movies made for direct-to-video. If you purchase a product or service with the links that I provide I may receive a small commission. The American millionaire Nile Niami is a real estate developer and film producer. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. We were trying to limit our funds to make sure that they went in the right place.. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. [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. 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. 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. More info can be found here. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. Niami later produced D.N.A., a science fiction horror and action film. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Recent posts on his verified Instagram account point to his current project, The One Truth Network. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. 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. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. In the ensuing years, he created the horror-thriller video DNA. 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. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 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. I believe you will find many captains of industry attending Burning Man in attire not appropriate for the board room, Mr. Niami said through his spokespeople. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. [15] It did not receive an offer and on March 4, 2022, The property was sold at auction for US$127 million, becoming one of the most expensive houses ever sold at an auction in the United States. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. Ahem. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. DISCLAIMER: The currency conversion is provided for illustration purposes only. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. To add to the extravagance of the home, theres a moat surrounding the entire estate. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. Nile Niami Net Worth is US$ 50 Million as of 2022. He collaborated with architect Paul McClean in many of his projects. 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. 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. He was selling a lifestyle, Mr. McClean said. In recent years, his massive mega-mansion, The One, has made headlines across the country. Nile Niami is a real estate developer and film producer from the United States. 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. A multiday online auction was scheduled for March of 2022. In 2008, He first spoke with Drew Fenton, a real estate developer. What Is Tom Selleck Net Worth? It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! It was technically a loss after the cost of renovations and improvements. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Mr. Ismaik didnt respond to a request for comment. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Ms. Niami didnt respond to requests for comment. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. Menu. He then completed the construction of the megamansion in early 2021, after eight years of development. The Nile is said to have a special affinity with his sons. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. Nile began his career as a film producer. Because this is a Nile Niami restaurant, he offers an option for the most expensive pizza in Los Angeles, with a price of $3500 called the one. Unfortunately, the property was seized when Niamis company filed for bankruptcy. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. 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. They spent about four hours one evening exploring the house. He is well-known as the daring man who constructs mega-mansions for celebrities. The film was directed by Matt Early Beesley. Later, he became a real estate developer. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. During his high school, he took night classes to get certified in cosmetology. 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. Mr. Niami grew up in a working-class area of the San Fernando Valley. In January 2017, she filed for divorce after 18 years of marriage. In 1995, he produced the sci-fi thriller film Galaxies as a result. Niami had perfected the art of selling from a young age. 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. 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. Martell Holt Net Worth, Early Life, Career, & Personal Life. After some years, Niami established his own production firm. In 2001, she was tragically killed during a home invasion. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Initially, he thought no one would be interested in high-valued specs homes. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Before he moved to real estate development, he produced roughly 15 movies. [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. Many of the homes he built sold for significant sums, helping him to amass his fortune. He grew up dirt poor in LA's San Fernando Valley. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. T.N.T., his debut action film, was released in 1997. 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 was raised by his single mother. For many buyers, it was too large, more like an office park than a private residence. He first stepped into the public eye as a film producer, producing over a dozen films over the years. 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. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. As a real estate developer, he earned a huge amount. She worked as a special education teacher during the day and owned a bar at night in Burbank. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. He was reared by a single mother who worked as a special education teacher, according to accounts. Nile Niami is a real estate developer based in Southern California. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. He is a real estate entrepreneur who was raised by his single mother at the age of 54. While he occasionally uses social media, he gains no income from his social media accounts. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. The daring man who constructs mega-mansions for celebrities the action-comedy filmCamouflageand the romantic crime-drama filmTart legal difficulties relationship. And makeup for many buyers, it was too large, more like office. The growing market for spec houses and apartments valued between $ 10 & 15... 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