In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? Niamis site invites viewers to come see inside his inner life through regularly shared video content. This films title varies around the world, in some places renamed A.D.N. He started out as a film producer then transitioned into the real estate development world. He also produced a number of well-known programmers and films. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. With an original list price of $340 million, it was set to be the most expensive personal home in the country. He racked up big-ticket deals, include the 2014 sale of a Holmby Hills mansion with an underwater tunnel to P. Diddy for $39 million; the rappers spokesperson didnt respond to a request for comment. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. Shirley is the Managing Editor at EC The Hub. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! Nile Niami was born in Bel Air, Los Angeles, California in 1968. Niami had been educated by his mother, a special education teacher. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. Tragically, his mother was murdered by a home invader in 2001. A multiday online auction was scheduled for March of 2022. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. Links included in this description might be affiliate links. and in others renamed Genetic Code. 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. Unfortunately, Nile could not complete construction of "The One" even after borrowing a reported $165 million from various lenders, notably car finance billionaire Don Hankey who chipped in at least $106 million over several financing rounds. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. 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. In 2001, she was tragically killed during a home invasion. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. This isnt the first time that a Niami mega mansion has run into difficulties. Nile Niami trains skilled individuals. 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. Producer: The Watcher. 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. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. His mom, who raised him alone, was a special education teacher. ], 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. Initially, he thought no one would be interested in high-valued specs homes. We were trying to limit our funds to make sure that they went in the right place.. Most of these films were B movies, helping him start his fortune. 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 April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Your email address will not be published. He then started his own manufacturing company. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. They had been married for almost 18 years before splitting up and getting divorced in 2017. Around this time the home's asking price had been lowered to $225 million. The Top 10 Best Hotels in Paris, France (2022), The Top 10 Best Things To Do in Los Angeles in 2022, The Top 10 Best Hotels in Miami, Florida (2022), Top 10 Best All-Inclusive Resorts in Cancun, Mexico, From Billionaire to Broke The Story of Elizabeth Holmes. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. 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. [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. He has been selling houses worth hundreds of millions of dollars. During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. Today, he is very known for building extravagant homes in Los Angeles. Michal Czerwonka for The Wall Street Journal Well also give you some insight as to how he earned his millions. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. 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. 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. 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. The Nile is said to have a special affinity with his sons. 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. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Lets look at some of his lessons. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. The price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. A planned foreclosure sale was temporarily halted as a result of the action. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. He has studied horror movies and effects prosthetics. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. He began his career as a film producer before moving into real estate development. Niami had perfected the art of selling from a young age. 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. It was built by Nile Niami, who promoted it as the "biggest and most expensive. Niami. Bryce and Brent Niami are the names of Niles kids. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. 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. By 2017, Niami had already built more than 30 houses in Los Angeles. Bryce and Brent Niami are their names. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. He is currently 54 years old and carries the Pisces zodiac sign. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. There are several kitchens. In high school, He pursued cosmetology training at night. Niami, known. 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. 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. During their marriage, they participated in many philanthropic endeavors. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . Nile Niami was born in 1968 and is currently residing in Los Angeles, California. You know why? Choose items to buy together. 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. 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. After spending several years in film production, Nile Niami began working in real estate development. He was raised by a single mother who was a special education teacher. Unfortunately, the property was seized when Niamis company filed for bankruptcy. Shares the stories you may have missed from the world of luxury real estate. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. His average annual salary is around $97,911 each year. 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. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. Last year, the property was placed in receivership and ultimately declared bankrupt. Nile Niami is an American film producer and real estate developer. 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