The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. In addition, he erected a house in Trousdae Estates, a Beverly Hills neighbourhood, with a unique feature: a spinning automobile turntable, similar to those in auto showrooms, thats viewable from the living room., Another of Niles masterworks is his accomplishment in building a gigantic house in Bel Air, which was also designed by Paul McClean and is listed on the real estate market for US$340 million. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Nile's net worth is somewhat hard to pin down because a large chunk of his assets and risk is currently tied up in a mansion called "The One" which is the subject of many lawsuits and around $165 million worth of loans. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. 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. In January 2022, the enormous property was listed for $295 million. The One has been placed into receivership by the Los Angeles County Superior Court, with more than $165 million in outstanding loans and bills, in an attempt to get Niamis creditors paid. Choose items to buy together. 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. Unfortunately, the property was seized when Niamis company filed for bankruptcy. In the year 2014, he sold a $39 million custom-built house in Holmby Hills to P. Diddy. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. As of 2022, Nile Niamis personal wealth is equal to $50 million. Two years later he attempted to sell this home for $19.9 million. Well also give you some insight as to how he earned his millions. 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! The receivership marks a stunning reversal for "The One". You know why? By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. He has turned many neglected estates intomegamansionsin Los Angeles. Lets look at some of his lessons. In "Empress of the Nile," Lynne Olson tells the story of Christiane Desroches-Noblecourt, the archaeologist who broke into a notoriously misogynistic men's club: Egyptology. The case included Jurgen Prochnow and Mark Damascus. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. 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. However, if any information becomes available, we will undoubtedly upload it. A 5,000-square-foot master retreat with its own pool, as well as a two-story library/office with a balcony, LED and black hand-lacquered built-ins from Italy, and water features, are among the other attractions. The One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. Show details Hide details . Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. 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. Menu. All information on this site should be used for informative and educational purposes only. He started out as a film producer then transitioned into the real estate development world. Our dedicated Editorial team verifies each of the articles published on the Biographyhost. If you like what were doing, consider supporting us by clicking. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. 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. Your email address will not be published. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! He began his career as a film producer before moving into real estate development. He had mastered the craft of selling since he was a little child. This isnt the first time that a Niami mega mansion has run into difficulties. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. He then completed the construction of the megamansion in early 2021, after eight years of development. 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. Today he is best-known for. 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. Now, as a real estate developer in Los Angeles, Niami built a home in lowly hills that was valued at the US $44 million and was sold to a buyer from Saudi Arabia. He was reared by a single mother who worked as a special education teacher, according to accounts. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? ], 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. 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. Initially, he thought no one would be interested in high-valued specs homes. Yvonne filed for divorce in January 2017 after 18 years of marriage. 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 also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. As a real-estate developer, he has amassed a huge amount. 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. He also produced a number of well-known programmers and films. In the years that followed, he would go on to produce the movies Terminal Force in 1995, DNA in 1996, T.N.T. in 1997, Point Blank, The Patriot, The Survivor, Resurrection, The Watcher, and both Camouflage and Tart.. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. As of 2022, his net worth was approximately $50 million. Nile Niami is not particularly active on social media sites. 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. Im not that sensitive of a personIve been in this business a long time and I can handle myselfbut I started crying.. He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. Nile Niami and His INSANE $500M Mansion! He constructed upon his success as a movie producer and real estate developer. Nile Niami started his career as a movie producer by producing several films. Nile Niami is a real estate developer and film producer from the United States. All net worths are calculated using data drawn from public sources. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. MUST BE READ:What Is the Net Worth of Johnny Knoxville? Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Niami promoted The One as his life purpose and the biggest, most costly mansion in the urban world when he first started construction more than a decade ago, with an eventual asking price of $500 million. If you need legal advice, please contact an attorney directly. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. 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. Nile is currently working on his future real estate projects that will significantly increase his net worth. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. They included citations for loud or unruly gatherings and one for serving alcohol to minors. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. [3] The residential property features nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track, a 50-car underground garage, and a moat. 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 . Niami. 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. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. In 1999, Niami produced a horror film, Resurrection. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. It was originally valued at $500 million, but a court-ordered sale is currently underway to reclaim funds owing to lenders. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. He has been selling luxury homes worth hundreds US$ 100 million. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Bryce Hall Net Worth, Early Life, Career, & Personal Life. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. Diddy Combs for $39 million. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. The One was a hard sell, according to agents who toured the property. 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. Niami had been educated by his mother, a special education teacher. [5][8][9] After eight years of development and numerous delays, it was completed in 2021. Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. Niami, known. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. 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. It was legally a loss after the improvements and restorations. Mr. Niami was also undergoing changes in his personal life. 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. He is currently 54 years old and carries the Pisces zodiac sign. To report about any issues in our articles, please feel free toContact Us. He has also done research on prosthetics employed in horror film special effects. all Biography and data about your favorite person are correct. He has been selling houses worth hundreds of millions of dollars. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. Nile pushed the spec market into existence, said architect Paul McClean, who was once a frequent collaborator of Mr. Niamis. Nile Niami also produced T.N.T. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-box-4','ezslot_6',146,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-4-0'); Later, entrepreneurs Winklevoss twins Cameron and Tyler bought Niamis one of the contemporary view houses for $18 million in 2012. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. He sold it in December 2020 for $ 9.58 million. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Niami had developed the art of selling at a very young age. Niami had perfected the art of selling from a young age. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. 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