He started out as a film producer then transitioned into the real estate development world. 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). A fully paid house manager is included as well for the first two years of the property sale, not to mention other decorations and furnishings of the house worth over $2 million. In 2008, He first spoke with Drew Fenton, a real estate developer. 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[2] He was raised by a single mother,[3] a special education teacher. Tom Hiddlestons net worth is $40million as of 2023. How much is he worth, exactly? Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Who is Nile Niami American producer of movies and real estate developer Nile Niami. His largest and most famous build, a house called The One, has been the topic of many front-page news reports in 2021 and 2022. Before he went into real estate development, he filmed roughly 15 films. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. 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. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. In January 2017, she filed for divorce after 18 years of marriage. 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. 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. https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. January 3, 2022. To add to the extravagance of the home, theres a moat surrounding the entire estate. 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. 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. His average annual salary is around $97,911 each year. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. His app, Wolfpack, is no longer available. He gained his wealth from his years as a film producer, followed by two decades of work as a real estate developer. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. However, when construction prices increased, so did the difficulties. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. Nile Niami was born on February 25, 1968 in Los Angeles, California. 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. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. Nile Niami has a personal net worth of US$ 50 million as of 2022. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. Niami, known. 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 completed the construction of the megamansion in early 2021, after eight years of development. 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. He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. Nile Niami is an American film producer and real estate developer. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. 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.. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. He declared, Im gonna make an offer.. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . Many of the homes he built sold for significant sums, helping him to amass his fortune. More info can be found here. The home made waves with its enormous size and $500 million price tag. Thanks for visiting Us. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. The One is Nile Niamis most ambitious project. As of 2022, Nile Niamis personal wealth is equal to $50 million. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. Your email address will not be published. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. He also produced a number of well-known programmers and films. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. We now know everything about Nile Niami and his net worth. 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 really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. Its like, Oh my God, look at the mortgage payments, he said. He produced the thriller The Watcher in 2000. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. The One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. 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. The American millionaire Nile Niami is a real estate developer and film producer. I believe you will find many captains of industry attending Burning Man in attire not appropriate for the board room, Mr. Niami said through his spokespeople. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. This site includes affiliate links. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! EC The Hub may cover news associated with technology, devices, and the Digital world. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. Lenders grew concerned about his lifestyle and partying, according to multiple people involved in the bankruptcy process. It was 2011, and she was waiting for a potential buyer. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. However, we do not have access to information on his schooling. Nile Niami (Photo by Araya Diaz/Getty Images). Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. He then became a real estate developer. [2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. Nile began his career as a film producer. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. Ahem. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). 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. 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. [ 2 ] he was raised by a single mother, [ 3 ] a education..., Los Angeles, California be relied upon for any other purposes neighborhoods... The megamansion in early 2021, after eight years of development men look friends! At these events owned millions and millions of dollars, and we encourage you to seek a! 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