David Cronenberg also had a cameo role in the film as a priest. 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. 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. Two years later he sold a mansion in Beverly Hills for $38.3 million. Nile Niami has a net worth of around $50 million. Crestlloyd filed for bankruptcy in October 2021 and the home was put into receivership by the courts, where Ted Lanes of Lanes Management would complete and sell the home. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. He sold it in December 2020 for $ 9.58 million. 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. 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. Leave your comments down below! Around this time the home's asking price had been lowered to $225 million. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. 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. The Nile is of American nationality, and based on his looks, he appears to be of mixed white ancestry. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. 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. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. As a real-estate developer, he has amassed a huge amount. A planned foreclosure sale was temporarily halted as a result of the action. 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. 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. He then sold the global film rights to Witkins production business. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). [3] The construction attracted unease from the Bel-Air Homeowners Alliance,[4] whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. 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. His wealth as a real estate developer is enormous. He has been selling houses worth hundreds of millions of dollars. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". Choose items to buy together. Diddy Combs for $39 million. Mr. Hankey said the loan allowed Mr. Niami to pay off some of the tens of millions of dollars in debt on the property and provided funds to help finish the project, which was about 80% complete at the time. He built two mansions in the Holmby Hills neighborhood. all Biography and data about your favorite person are correct. During his career, he produced about a dozen films. Because I don't have any money.". [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. He also produced the 2000 mystery-thriller filmThe Watcher. [2] He was raised by a single mother,[3] a special education teacher. Technically to receive it's certificate of occupancy. 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 and his wife split in 2017, according to reports. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. He was reared by a single mother who worked as a special education teacher, according to accounts. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. 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. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. His mom, who raised him alone, was a special education teacher. While he occasionally uses social media, he gains no income from his social media accounts. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. However, when construction prices increased, so did the difficulties. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. 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 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. Niami. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. 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. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California Many of the homes he built sold for significant sums, helping him to amass his fortune. See you next video! Nile Niami Net Worth is US$ 50 Million as of 2022. A lot of people didnt want to buy a house thats more famous than them, said Aaron Kirman of Compass, one of the agents who worked on marketing the property. Who is Nile Niami married to? ", "In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires", "7 Things to Know About the Coming $500 Million Mega-Mansion in Bel Air", "Diddy's New $39-Million Mansion Has an Underwater Tunnel", "The World's Largestand America's PriciestHome Is Ready for Its Close-up", "California Dreaming: Record $500 Million Tag on L.A. Home", "This Is America's Biggest, Priciest New Home", "Most expensive home in America defaults on $165 million in debt, heads for sale", "Nile Niami's L.A. Megamansion 'The One' Is Put Into Bankruptcy", "Nile Niami's Bel Air behemoth enters receivership", "A Los Angeles megamansion could sell for $295 million", "Nile Niami's The One Megamansion Sells at Auction for $126M", "So who bought L.A.'s 'The One' mega-mansion? However, if any information becomes available, we will undoubtedly upload it. In 2018, Mr. Niami received a $82.5 million loan from Don Hankey, a real-estate investor who runs a company that provides subprime car loans. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. Before he moved to real estate development, he produced roughly 15 movies. This allows him to blend indoor and outdoor spaces, giving homes a modern, yet natural feel. MUST BE READ:Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! 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. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. 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. Links included in this description might be affiliate links. Designed by architect Paul McClean and developed by Niami, the property also offered nearly $12 million worth of Lamborghinis, Rolls-Royces, and Damien Hirst paintings. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. 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. Nile Niami is currently living a single life. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. 420 Lexington Avenue, Suite 300 The cast included Craig Fairbrass, Richard Moll, and Brigitte Neilsen. 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. 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. Otherwise, the lender could force a sale of the famous property, the report said. What do you think Nile Niami net worth? After spending several years in film production, Nile Niami began working in real estate development. He is currently working on launching The One Truth Network, a massive undertaking set to be released in early June 2022. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. Real-estate agent Rayni Williams stood under the hot Los Angeles sun, her Manolo Blahnik heels digging into the dirt of a vacant development site priced at $8.995 million on tony South Mapleton Drive. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. Since then, he's worked on building and renovating large homes in the Los Angeles area. In 1998, he was also a producer of the motion pictures Point Black, The Patriot, and The Survivor. 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. 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. Ted Lanes of Lanes Management was appointed as receiver. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? 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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. The Nile and his wife got divorced due of unbridgeable differences. What Is Tom Selleck Net Worth? Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! As a result, he became well-known within the real estate sector fast. As a real estate developer, he earned a huge amount. 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. He finally sold it in December 2020 for $9.58 million. In 2001, he directed the action comedy. By. 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