Add all three to Cart . Nile Niami is an American film producer and real estate developer. Loving our content? Frequent headlines about the house were also a deterrent to buyers, agents said. Niami had developed the art of selling at a very young age. 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. Anyone who buys The One will also have to deal with a complexity of prospective upgrades and legal difficulties. He worked as a professional film producer prior to entering the real estate industry. [2] In 2015, Nile Niami spent US$9.5 million on Scooter Brauns home. 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. He built condos and reimagined homes in the greater Los Angeles area. While he occasionally uses social media, he gains no income from his social media accounts. Technically to receive it's certificate of occupancy. He then learned about special effects prosthetics for horror films. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. According to the listing agents, the property includes views from every room, numerous kitchens, a 10,000-bottle wine cellar, gym, sauna, salon, bowling alley, movie theater, nightclub, five pools, and a moat. The house had a $400,000 Lucite-bottom swimming pool and a custom-made 24-foot gold giraffe skeleton sculpture in a glass box. He then became a real estate developer. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. Bryce and Brent Niami are the names of Niles kids. Bryce Hall Net Worth, Early Life, Career, & Personal Life. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. A judge approved the sale a few weeks later. A man emerged from a silver Rolls-Royce Ghost, dressed head-to-toe in light-colored linen with a deep tan and dark, slicked-back hair, Ms. Williams said. Nile Niami Net Worth is US$ 50 Million as of 2022. Later, he became a real estate developer. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? Nile Niami is married to Yvonne Niami. [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. 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. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. 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 . 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. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. Their boys, Bryce and Brent Niami, were born after they wed. His current dating status and previous relationships are both unknown at this time. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'biographyhost_com-medrectangle-4','ezslot_7',115,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-4-0'); In 1998, he produced filmsPoint Black,The Patriot, andThe Survivor. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. 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 some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. His first movie Galaxis was an action film released in 1995. 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. Niami, known. He began his career as a film producer before moving into real estate development. After an eight-year development, it will be completed in 2021. Recent posts on his verified Instagram account point to his current project, The One Truth Network. He then started his own manufacturing company. The main house has nine bedrooms. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. During their marriage, they participated in many philanthropic endeavors. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. The Making of the Most Expensive Mansion in History. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. Because I don't have any money.". There was no reserve price on the property, meaning it would sell to the highest bidder, no matter what the price. Sadly, he had to lose his mother in a home assault in 2001. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. 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. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. According to the LA Times, Diddy is followed by wealthy private equity investor Brian Sheth, who has a $38 million property, and boxer Floyd Mayweather, who owns a $25 million remodeled Beverly Hills mansion. 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 first spoke with a real estate agent Drew Fenton. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. 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. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. Nile Niami is a real estate developer based in Southern California. All net worths are calculated using data drawn from public sources. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. Before he moved to real estate development, he produced roughly 15 movies. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) 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. He first stepped into the public eye as a film producer, producing over a dozen films over the years. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. Diddy Combs for $39 million. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. He dubbed the 20,500 square-foot spec home "Opus". Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. Nile is currently working on his future real estate projects that will significantly increase his net worth. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. 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. Ted Lanes of Lanes Management was appointed as receiver. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Who is this guy? Ms. Williams said she recalls thinking when he announced such a quick decision. This film was released in 1997 and directed by William Mesa. Niami cut the asking price up to $85 million in September. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. He had mastered the craft of selling since he was a little child. 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