Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Hankey purposely opted to not place the home into foreclosure because it would have put him on the hook for maintaining the property and covering all liabilities until a buyer was found. Nile Niami is well-known as a professional realtor. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. In 1999, Niami produced a horror film, Resurrection. Nile Niamis The One finally Sold for $141 million dollars! Nile Niami is an American millionaire who is both a film producer and a real estate developer. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Before he moved to real estate development, he produced roughly 15 movies. 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. Pedro Pascals net worth is $10 million as of 2023.Read More Pedro Pascal Biography, Age, Wife, Movies, TV Shows, Last Of Us, GOT, Partner, Mandalorian, Net Worth & Wiki, Oscar Isaac, born Oscar Isaac Hernandez Estrada in Guatemala City, is a Guatemalan-American actor and producer. McClean uses his years of experience to create visually interesting, modern living areas. 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. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! He made the horror-thriller video T.N.T. DNA, was his first action picture. 2023 Celebrity Net Worth / All Rights Reserved. Furthermore, he has created numerous popular programmes and films, like The Galaxies, The Watcher(2000), The Patriot, and The Survivor(1988), which helped him make millions. 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. 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 its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. 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.. Sadly, he had to lose his mother in a home assault in 2001. Nile Niami is currently living a single life. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. 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. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. Nile and his wife split in 2017, according to reports. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. Last year, the property was placed in receivership and ultimately declared bankrupt. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. He is well-known as the daring man who constructs mega-mansions for celebrities. During his high school, he took night classes to get certified in cosmetology. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. Nile Niami is a former film producer. He was born and raised in the San Fernando Valley in Los Angeles. He has turned many neglected estates intomegamansionsin Los Angeles. Additionally, he built about 30 luxury homes in Los Angeles. Some of these items ship sooner than the others. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. StackStashers provides its users with financial information. But Mr. Saghian outbid him, ultimately paying a total of $126 million for the house. Two years later he sold a mansion in Beverly Hills for $38.3 million. It was written by Nick Davis and directed by William Mesa. Nile Niami was born in Bel Air, Los Angeles, California in 1968. Nile was born in the year 196 in Los Angeles, California. He also produced the romantic crime drama Tart that same year. He also commissioned architect Paul Mcclean to design a home in the Bird Streets for the Winklevoss twins Cameron and Tyler (north of Sunset Boulevard). Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. In late 2021 "The One" was place into receivership which allowed an independently-appointed outside developer to come in and spend the estimated $5 million that was still needed to make the home live-able. As his career in film came to a close, Nile began working as a real estate developer. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? 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. A planned foreclosure sale was temporarily halted as a result of the action. 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. 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. Mr. Niami also used unconventional marketing techniques, real-estate agents said. 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. He has also done research on prosthetics employed in horror film special effects. The following year, he produced the horror-thriller videoDNA. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. They had been married for almost 18 years before splitting up and getting divorced in 2017. He blew through the money that we gave him, Mr. Hankey said. 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. The One is Nile Niamis most ambitious project. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. Two years later he attempted to sell this home for $19.9 million. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. 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. He appears to be overly preoccupied with his profession. Lets look at some of his lessons. Another obstacle was that Mr. Niami hadnt obtained a certificate of occupancy, so the house couldnt be legally lived in. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. He came from nothing. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. 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. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. In high school, He pursued cosmetology training at night. Your email address will not be published. In 2001, he directed the action comedy. Otherwise, the lender could force a sale of the famous property, the report said. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. 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. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. He has been selling houses worth hundreds of millions of dollars. Chris Hemsworths net worth is $130 million as of 2023. Nile created the horror thriller video T.N.T., DNA, which was his 1st action picture in 1997. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. Residential Real Estate The One PR. See you next video! Previously, he was married toYvonne Niami. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. While his time in film certainly helped him kickstart his fortune, his work as a real estate developer brought in the bulk of his wealth. In the year leading up to the auction, the Williamses said, they brought Mr. Niami several offers from Middle Eastern buyers, but he never acknowledged them. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'biographyhost_com-box-3','ezslot_0',113,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-3-0'); Nile Niami is an American real estate developer best known for developing his infamous megamansion known as The One.. He is listing it for $39.995 million. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Collaborated with Paul McClean is an American actress Niami was born in the San Fernando Valley Los! Year 196 in Los Angeles he produced the films the Patriot, the report said Niami also used unconventional techniques. In cosmetology McClean is an American millionaire who is both a film producer a! 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