Nile Niami is an American filmmaker and real estate developer with a net worth of 50 million USD who is most known for building “The One,” his famed gigamansion.
Nile Niami Bio
He was born in 1968 in Los Angeles, California. His mother is a special education teacher and he was raised by her without having a father figure. Niami has mastered the art of selling since she was a child. He took night classes to become qualified in cosmetology while still in high school. He subsequently learnt about horror film special effects prosthetics.
Niami worked with Doug Witkins, his Big Brother mentor, to sell foreign movie rights at Witkins’ film distribution company when he was 19 years old.
He produced Point Black, The Patriot, and The Survivor in 1998. Niami produced the horror crime film Resurrection and the crime thriller TV movie Justice the following year. He also produced The Watcher, a mystery thriller released in 2000. In 2001, he created Camouflage, an action comedy, and Tart, a romantic crime drama. However, Niami finally understood that as a producer, he would not be able to generate enough money. He went on to work as a real estate developer.
Niami began his real estate development career by constructing a house in Holmby Hills. He made a tremendous profit when he sold the property for $44 million to Saudi buyers. He sold another property to rapper Sean Combs for a stunning $39 million in 2014.
Nile was having a lot of success and making a lot of money in the real estate industry by building and selling buildings. In 2017, he sold a property for $26 million to Floyd Mayweather, a famous boxer.
In 2017, he finished a new mansion called “Opus” that was 20,500 square feet. He put the house on the market for $100 million. After some time, a Chinese millionaire called William Ding agreed to buy the house for $50 million.
According to property documents posted by Realtor.com, Nile sold a West Hollywood estate for $26 million in 2021, significantly below an earlier $35 million asking price. According to Zillow, he sold a Bel Air property for $36 million in April, a little more than half of its original $65 million asking price in 2018.
Nile Niami Net Worth
Nile Niami net worth is estimated to be $50 million in 2021. As a real estate developer, he has amassed a sizable fortune. Nile is currently hard at work on his next real estate projects, which will significantly increase his present net worth.
He has also established an app called “Wolfpack” for single guys looking for buddies, in addition to the real estate business.
‘The One’ Mansion in 2021
According to court filings, a massive Los Angeles home nicknamed “The One” by its developer is on the verge of being sold after the owner defaulted on more than $100 million in loans and debt.
Nile Niami, the project’s developer, advertised the 105,000-square-foot property as having seven pools, a 50-car garage, a 10,000-bottle wine cellar, and even its own nightclub in an Instagram post last summer. According to a video Niami uploaded on Instagram, “The One,” billed as the world’s largest and costliest urban property, was set to go on the market for $500 million. However, due to numerous delays and issues, it is now facing a court-ordered auction to repay debts.
There are big chances that Nile is going to file a bankruptcy if he doesn’t find a buyer in the next few months.