Two years later he attempted to sell this home for $19.9 million. and in others renamed Genetic Code. This site includes affiliate links. Mr. Niamis houses had previously traded quickly; now they were lingering unsold. [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? [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. For years, spec developer Nile Niami has teased "The One" a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. What are your thoughts on the One being finally sold ? 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. Menu. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. 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. He started out as a film producer then transitioned into the real estate development world. He then became a real estate developer. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. 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. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Nile Niami is an American film producer and real estate developer. He is best known for constructing a 105,000 sq. Estimates for Niamis net worth sit around $50 million. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. Nile Niami started his career as a movie producer by producing several films. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. Over the years his flips got more and more expensive. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! 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. Niami sold a Bel Air megamansion at 627 Carcassonne Road for $36 million, a few days after he unloaded the one next door for the same price, according to Dirt. Nile Niami is a former film producer. A four-lane bowling alley, a 50-seat movie theater, a putting green, a wellness center and gym, but also a beauty salon, a juice bar, and a tennis court are all advertised as amenities at the residence. Nile Niami is an American millionaire who is both a film producer and a real estate developer. In addition, you also get a private dinner with Nile Niami at Providence (a Michelin-star restaurant) and a $2,000 donation to Childrens Hospital Los Angeles in your name. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. A multiday online auction was scheduled for March of 2022. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. Diddy Combs for $39 million. We did everything we could to explain to Nile that this was a long shot and he should focus on the sale, but we werent having much luck with that, said Mr. Kirman. 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. [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. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Trending. 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.. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. It was legally a loss after the improvements and restorations. Michal Czerwonka for The Wall Street Journal The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. After some years he launched his own production company. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. Today, he is very known for building extravagant homes in Los Angeles. Since then, he's worked on building and renovating large homes in the Los Angeles area. Before he moved to real estate development, he produced roughly 15 movies. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. Lets look at some of his lessons. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. Advertising Disclosure: This post may contain affiliate links from our partners, which means that we may receive a small commission if you sign up via these links. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! He then became a real estate developer. Nile Niami has a personal net worth of US$ 50 million as of 2022. This couple has two kids. He built condos and reimagined homes in the greater Los Angeles area. Nile Niami is married to Yvonne Niami. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. It also has a massive underground garage that can hold fifty cars. He appears to be overly preoccupied with his profession. 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. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. 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.. He is currently 54 years old and carries the Pisces zodiac sign. He finally sold it in December 2020 for $9.58 million. His other projects included a property in Holmby Hills that sold for $39 million to rapper Sean Combs in 2014. In 2015, GQ reported that the mansion was the most expensive mansion in history. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Niami bought the property in late 2012 for $28 million from now-deceased video game heiress Rita Kogan. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. There are several kitchens. 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. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. 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. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. 2023 Celebrity Net Worth / All Rights Reserved. [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. (1997), The Patriot (1998), The Survivor (1998), Justice (1999), The Watcher (2000), Tart (2001) and Camouflage (2001). The One was a hard sell, according to agents who toured the property. This marks the first of the 50 locations that Nile Niami plans to open. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. The Nile is said to have a special affinity with his sons. By 2017, Niami had already built more than 30 houses in Los Angeles. 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. Nile Niamis The One finally Sold for $141 million dollars! He was raised by a single mother who was a special education teacher. 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. 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. New York City, NY 10170, The Watcher(2000), The Patriot (1998), and Galaxis (1995). 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. The lender gave Niami 90 days to repay the loan. Frequent headlines about the house were also a deterrent to buyers, agents said. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. [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. Chris Hemsworths net worth is $130 million as of 2023. If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. As a real-estate developer, he has amassed a huge amount. He worked as a professional film producer prior to entering the real estate industry. 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. Michal Czerwonka for The Wall Street Journal, Jeff Bezoss Parents Buy Miami Megamansion for $34 Million, Modern Miami Home on the Venetian Islands With Lots of Natural Materials, Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million, Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%, Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, An Artists Gallery-Like Villa in Ibiza, Spain, Designing a Kids Room With Practicality and Style, Palm Beach Is Still HotJust Take This Property Asking Three Times Its April 2021 Sale Price. Dropped $ 9.5 million in July 2015, according to agents who the! Hold fifty cars in Philanthropy a single mother who was a special affinity with his sons million and included the... In 1996, T.N.T over the years that followed, he is currently 54 years and! '' in 1995, DNA, which was his 1st action picture in 1997 expert s... 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