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|Net Worth||$500 million|
|Full Name||Nile Niami|
|Date of Birth||February 25, 1968|
|Place of Birth||Los Angeles, California, United States|
|Height||5 ft 8 in ( Approx 1.72 m)|
|Spouse||Yvonne Niami (Ex Wife)|
|Source of Wealth||Movie production & Real Estate|
What Is Nile Niami’s Net Worth
Nile Niami is an American-Indian movie producer turned real estate expert with a massive net worth of about $500 million. He is well-known for building and selling outrageously luxurious mansions in Los Angeles, Holmby Hills, and Bel Air neighborhoods, including his most famous building project, “The One.”
Nile began his career journey as a filmmaker and was responsible for producing 15 B films before switching to a more lucrative career in Real Estate. Real Estate for Nile began with him building condominiums and renovating houses before he decided to go bigger and create more lavish homes for those who could afford them.
If you’re interested in learning more about Nile’s net worth, biography, career journey, marriage, and lavish building projects, including ‘The One,‘ then keep reading.
Niami was born in Los Angeles, California, on February 25, 1968. He grew up with his mum and younger sister, Delicia, in Miami, California. His mum worked as a special needs teacher by day and also owned a bar in Burbank where she usually worked at night. Nile Niami wasn’t born into wealth and struggled through most of his life.
Unfortunately, Nile’s mother’s life was short-lived because she died in 2001 due to a home assault. The then 33-year-old received word that his mother was violently murdered, which was a horrible and devastating experience losing his only parent.
However, the experience made Nile work harder, building house after house and remodeling buildings, and according to the famous Realtor, he started from nothing and did it all himself.
Nile fought and climbed every day to become one of LA’s biggest real estate developers. The former producer doesn’t share much about his childhood except the tragic loss of his mother and the fact that growing up was a struggle.
Nile Niami initially set out to make it in Hollywood by working his way up the corporate ladder and eventually launching his own movie production company. In the late 90s, Nile went on to produce many B-list movies, like “Terminal Force,” “Point Blank,” and “The Patriot.”
As he grew in his movie career, Nile slowly got involved in real Estate by flipping affordable homes in the suburbs of LA. Over the next ten years, Nile worked his way up to flipping more expensive homes. In 2012, Nile hired architect, ‘Paul McClean’ to build a house for the ‘Winklevoss Twins’ (Cameron and Tyler) and sold the home to them for $ 18 million.
In 2014, the former producer sold a custom-built mansion to ‘P-Diddy’ for $ 39 million. In 2017, he sold a Beverly Hills mansion to ‘Floyd Mayweather for $26 million.
Nile Niami also built a house in Holmby Hills and sold it to a wealthy Saudi buyer for $44 million. The famous musician, ‘Sean Combs’ also bought a house in Holmby Hills from the amazing Realtor who made a cool $39 million from the deal in the same year.
All these huge deals and many others encouraged Nile to try something no one had ever done before. He decided he would build the most expensive home in Los Angeles, Bel Air, and name it ‘The One.’
In 2017, Nile also worked on a 20,500-square-foot home in Beverly called ‘Opus.’ The home was listed for $100 million with amenities like seven bedrooms, 11 bathrooms, and champagne storage. Purchasing the house also meant the buyer gets a gold Lamborghini, Rolls-Royce, and a full-time butler whose salary would be covered for two years.
Chinese billionaire William Ding made a $50 million offer for the home, but Nile refused to accept it. In April 2020, ‘Opus’ lender(s) filed a default notice on the house, forcing the celebrity realtor to give up property ownership.
Besides movie production and real Estate, Niami also launched a mobile app for single men searching for friends called ‘Wolfpack.’ The app is currently no longer available for download.
Building The One
Nile Niami’s gigantic mansion in Bel-Air, ‘The One,’ was also designed by Paul McClean. The project began in 2012, and after eight years of development and a ton of delays, it was finally completed in 2021.
Constructing the monumental building made many Bel-Air residents uncomfortable, especially Fred Rosen, the chairman of the Bel-Air Homeowners Alliance. The chairman regarded the house as a ‘commercial project’ as a result of its size and suggested more restrictive regulations for the building.
The Bel Air mansion is over 100,000 square feet and looks like a huge futuristic building floating above the city. The One is tagged as the most expensive private residence in the entire United States, and apart from its size and captivating exterior design, the building has some amazing amenities such as:
- 42 Bathrooms
- 21 Bedrooms.
- A 10,000-bottle wine cellar.
- A Garage that can take up to 50 cars.
- A 50-seat movie theatre.
- A Four lane bowling alley.
- A Fully functional nightclub.
- An outdoor running track.
- Five swimming pools and these don’t even scratch the surface because the house also has a cigar lounge, art galleries, a 4,000 square foot guest house, a tennis court, a luxurious master bedroom, and an anatomically correct giraffe skeleton.
It took Nile a decade of his life to building ‘The One.’ On his site (www.theonesecrets.com), Nile mentioned that no one can ever build the same thing from scratch in Bel Air, which makes ‘The One’ one of a kind.’
‘The One’ Sold at an Auction?
In March 2021, Nile’s limited liability company (Crestlloyd) couldn’t pay up the $165 million debt associated with the property, causing it to enter receivership. As a result of the debt owned, a foreclosure sale was scheduled for October 2021, but that didn’t happen because Nile’s LLC filed for Chapter 11 bankruptcy.
The Los Angeles County Superior Court placed the Bel Air mansion on court-ordered receivership. Ted Lanes was appointed as the receiver, who ensured the property was completed and secured a certificate of occupancy.
Nile’s futuristic mansion was once valued at $500 million and was initially listed for sale in January 2022 at a $295 million asking price. Sadly, there was no offer for the home, and on March 4, 2022, the house went on sale at an auction for $127 million, making it one of the most expensive houses ever auctioned out in the United States.
‘The One’ broke the previous record set in 2021 after The Hearst Estate in Beverly Hills sold at auction to Richard Saghian (CEO of Fashion Nova) for $63.1 million.
Niami’s Tries to Tokenize ‘The One
Before the Auction, Nile attempted to gain back ownership by selling the house back in 2020. He talked about transforming the mansion into an event space where boxing matches and concerts would occur. However, the next idea he came up with was his unique and final attempt at stopping his lenders from selling the Bel Air mansion and gaining back their losses.
On December 27, 2021, Niami released a video on his site (www.theonesecrets.com) where he talked about his grand plan to create a cryptocurrency named ‘The One,’ which will be backed by the home.
According to the ambitious realtor, producing and trading the tokens will transfer the house’s value to the coin. Basically, everyone who has one of Nile’s digital currencies automatically owns a share of “The One.”
The difference between Nile’s supposed digital currency is that compared to others like Bitcoin or Ethereum, which is backed up by nothing, his currency would be backed up by different parts of the massive building, “The One.”
Sadly, Nile never realized that dream because the property was auctioned off in 2022.
Family, Relationship, Children
Nile Niami married Yvonne, a famous American actress, and model, in 1999. This couple stayed married for almost 18 years before they separated and finally divorced in 2017.
The pair have two children; Bryce (18) was born in 2004, and Brent (15) was born in 2007. Despite the divorce, Nile has a close relationship with his kids and does his best to make himself available for his family.
Since the divorce was made public, Nile has not been seen with anyone new and hasn’t made any public announcements about his current relationship status.
His ex-wife Yvonne is involved in a lot of philanthropy work and was an investor and Realtor with the holding company that possesses ‘The One.’ Back when Yvonne was involved in real estate development, she was in the business of building and styling home spaces.
Nile’s ex-wife was always one of those who supported the Children’s Hospital Los Angeles, and back when she was involved in real Estate, and a house was sold, she donated a big portion of whatever was gained to the hospital.
She also founded N: philanthropy in 2014, a charitable fashion label famous for its simplified style and deconstructed basics. Some of her pieces include edgy-casual sweatpants, comfy Harlow BFF tees, jumpsuits, dresses, hoodies, jackets, menswear, and many others.
Celebrities like Ashley Graham, Selena Gomez, Lady Gaga, Ashton Kutcher, Bradley Cooper, and many others have spotted some of Yvonne’s comfy pieces.
What is Nile Niami up to these Days?
After ‘The One’ was auctioned off, Nile Niami went bankrupt, and only a little was heard about him since then. Regardless, he continues to share posts about different plans, especially his most recent post on Instagram (January 7, 2023), where he reintroduced his plan to have a ‘The One’ documentary.
View this post on Instagram
He shot the video from a beautiful space overseeing a beach view in Rio De Janeiro and said he would create content for his new network. The show would be about traveling, having fun, and being with beautiful people.
‘The One’ documentary is about how Nile spent three years believing in something that would help change the world, but his ex-friend stole the idea. Also, Nile talked about his travel show, ‘The One Movie,’ that would feature him traveling to different parts of the world.
He also referred to the experience of losing his home. For the realtor, viewers would be amazed at what his team was working on despite the betrayal. Nile’s closing remark, “The One has gone nowhere.”
Nile Niami is a fantastic entrepreneur and movie producer who has achieved a lot in his lifetime. As a popular American filmmaker, he created 15 B movies like ‘TNT,’ ‘Terminal Force,’ and ‘The Patriot,’ which made waves in the Hollywood movie industry.
As a man of ambition, Nile Niami delved into real Estate and was most renowned for building state-of-the-art, enormous, and extravagant homes in Los Angeles valued at $100 million and much more.
Nile is also popular for building “The One,” which happens to be the most expensive private-owned mansion in the United States.