The Making of the Most Expensive Mansion in History. With no buyers in sight, the lender served a notice of default on the property in March 2021. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. All property prices are as stated by the listing agent. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. All six posts showed up in May 2022, a sign that future social media engagement may be on the horizon for the real estate developer. 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. There are seven water features on the site, including a large moat that runs around the perimeter. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gayatri Bhaganagare is a fresher in the Research industry. She is responsible for overseeingthe daily flow of content across EC The Hubs digital channels, as well as editing, writing and managing content for EC The Hubs website and blog. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Diddy Combs for $39 million. DISCLAIMER: The currency conversion is provided for illustration purposes only. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! 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. In 1999, Niami produced a horror film, Resurrection. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. As of 2022, his net worth was approximately $50 million. Nile Niami is a former film producer. A judge approved the sale a few weeks later. Previously, he was married toYvonne Niami. Your email address will not be published. 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. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. However, when construction prices increased, so did the difficulties. The price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. 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. In 2001, he directed the action comedy. All net worths are calculated using data drawn from public sources. Nile was raised by his single mother. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. After spending several years in film production, Nile Niami began working in real estate development. Nile Niamis The One finally Sold for $141 million dollars! Ahem. It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Leave a comment below. Nile Niami Net Worth is US$ 50 Million as of 2022. Nile Niami's The One finally Sold for $141 million dollars! The entire property sits on an impressive acre. Today he is best-known for. He is recognized for the massive home, The one. Its like, Oh my God, look at the mortgage payments, he said. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. 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. 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. Michal Czerwonka for The Wall Street Journal It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. He is a real estate entrepreneur who was raised by his single mother at the age of 54. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. The One is Nile Niamis most ambitious project. What do you think Nile Niami net worth? He immediately came to the conclusion that he couldnt make a living as a producer. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. Book a private zoom call through this link: -https://scottedward.youcanbook.meCONTACT ME for house tours, video ideas, sponsorships, or just to say hi: -scottedwardllc@gmail.com BECOME A CHANNEL MEMBER! In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. Type: Dwarf Blue Lily of the Nile "Peter Pan" Houseplant Flower Seeds ; Ship From US ; Buy it with + + Total price: To see our price, add these items to your cart. 420 Lexington Avenue, Suite 300 The house is also poised to create history as the most expensive home in the world ever to sell at auction, according to marketing materials. As a real estate developer, he earned a huge amount. He then started his own manufacturing company. 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. Niami had been educated by his mother, a special education teacher. To report about any issues in our articles, please feel free toContact Us. Nile Niami is a real estate developer based in Southern California. 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 also produced T.N.T. 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. 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 is best known for constructing a 105,000 sq. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Hes passionate about helping connect modern living with the surrounding natural features of a property. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. He started out as a film producer then transitioned into the real estate development world. The sale brings one of the most controversial high-end real estate projects ever to a finish, at least for the time being. 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. 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. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. Choose items to buy together. 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. 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). 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. Nile Niami first spoke with a real estate agent Drew Fenton. 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. Our Articles differ from international news to the freshest tools to snippets about viral content. However, Niami eventually realized that he would not make enough profit from movies as a producer. 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. As of 2022, his net worth was approximately $50 million. 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. Over the years his flips got more and more expensive. He is currently 54 years old and carries the Pisces zodiac sign. We sought him on every social networking site, including Instagram, Facebook, and Twitter, but he was nowhere to be found except on Instagram, where he is known as @nileniami and has over 86k followers. 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 directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. Niamis site invites viewers to come see inside his inner life through regularly shared video content. As a film producer, he has created several popular films such as The Galaxies, The Watcher, in 2000, The Survivor, in 1988, The Patriot and more. 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. Additionally, he built about 30 luxury homes in Los Angeles. Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. Nile Niami is probably best-known for constructing a 105,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. Theres also a three-bedroom guesthouse and a seven-bedroom staff quarters with panoramic views of the ocean, city skyline, and San Gabriel Mountains. Movies. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. In high school, He pursued cosmetology training at night. [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? If you need legal advice, please contact an attorney directly. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. After some years he launched his own production company. In Los Angeles, Niami had built 30 mansions. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. T.N.T., his debut action film, was released in 1997. Nile Niami is not particularly active on social media sites. Links included in this description might be affiliate links. Nile Niami is a real estate developer and film producer from the United States. Bryce Hall Net Worth, Early Life, Career, & Personal Life. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. Since its sale, creditors have been fighting over who get paid how much, since the house did not make enough money to pay for everything it owed. 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. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". As a real-estate developer, he has amassed a huge amount. 2 years later, he tried to sell this home for US$19.9 million. While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. Nile Niami is currently living a single life. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. While still a high school student, he pursued cosmetology training after school. It was legally a loss after the improvements and restorations. He then became a real estate developer. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. Opus was then valued at $38 million, far below its original asking price. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. However, Niami eventually realized that he would not make enough profit from movies as a producer. Nile Niami, who is sometimes referred to as the king of the Los Angeles megamansion, at his West Hollywood home. 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. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. By 2018, records show, Mr. Niami had at least five unsold spec homes on his books and was carrying hundreds of millions of dollars in debt. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. In today's episode, we talk about this update.REAL ESTATE INVESTING COURSE -https://scottedwardrealestate.com/real-estate-investing-course/FOLLOW ME ON INSTAGRAM -https://www.instagram.com/scottedwardrealestate/ CHECK OUT MY WEBSITE (for more info about my real estate investing story) -https://www.scottedwardrealestate.comMEET WITH ME ONE-ON-ONE to talk about real estate investing, starting a youtube channel, or anything else. Niami, known. Nile Niami has a net worth of US$ 50 million as of 2022. They included citations for loud or unruly gatherings and one for serving alcohol to minors. Earlier this year, the financial woes of Mr. Niamis signature project reached a climax, ending a saga that had captivated L.A. real-estate observers for a decade. Nile Niami. Ted Lanes of Lanes Management was appointed as receiver. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. Later, he became a real estate developer. Most significantly, McClean helped Niami to design The One.. He also built a 14,000-square-foot house for himself just above the Sunset Strip. Niami was married to Yvonne Niami, the founder of a tequila company called VIVA XXXII, and a charitable clothing label called N:Philanthropy. He started his own production company a few years later. He finally sold it in December 2020 for $9.58 million. Aiding in the . Nile Niami is a real estate developer and film producer from the United States. He then completed the construction of the megamansion in early 2021, after eight years of development. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. Be the first to know when new posts come out! In January 2022, the enormous property was listed for $295 million. Your email address will not be published. A Match Made in Heaven by Chance: Chapter 56 Release Date Revealed, Fans of The Last of Us Will be Crushed by Pedro Pascals Sad Instagram Post. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. Most of these films were B movies, helping him start his fortune. He paid rapper as well as singer Sean Combs, also known as P. Diddy, US$ 39 million for one of his custom-built mansions. The case included Jurgen Prochnow and Mark Damascus. Frequent headlines about the house were also a deterrent to buyers, agents said. When bidding finished on March 3, a Los Angeles mega-mansion that was the largest U.S. residence to ever put up for auction sold for $141 million, including fees. 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. [16] The buyer was Richard Saghian, owner of Fashion Nova. Tragically, his mother was murdered by a home invader in 2001. The 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. He said that construction on The One stopped and started over the years because funds were disbursed slowly by Mr. Hankey, and that Mr. Niami had to advance money to pay for the construction. Nile and his wife split in 2017, according to reports. Designed by architect Paul McClean and developed by Niami, the property also offered nearly $12 million worth of Lamborghinis, Rolls-Royces, and Damien Hirst paintings. [2], Niami started his career as a film producer. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Initially, he thought no one would be interested in high-valued specs homes. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. Nile Niami was born in Bel Air, Los Angeles, California in 1968. He then produced the 1997 action filmT.N.T. He later rejected a $50 million offer from Chinese billionaire William Ding, and Niamis lender took ownership of the property in February 2020. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. [1], Niami was born in 1968 in Los Angeles, California. 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. 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. He collaborated with architect Paul McClean in many of his projects. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. For constructing a 105,000 sq Sean Combs, a.k.a One finally sold for $ 295 million from! Zodiac sign, when construction prices increased, so did the difficulties started his as. Special education teacher our articles, please feel free toContact US, owner of Fashion Nova to about... Lavish homes in Los Angeles area since 2000 2020 for an unknown.... For auction if no buyer could be found 2015 nile Niami dropped $ 9.5 million to buy Scooter 's! He earned a huge amount is not particularly active on social media sites Niamis the One real! Saghian had changed his mind estate entrepreneur who was raised by his single at! Front, in 2015 nile Niami was born in Bel Air mega-mansion is another collaboration Niami... ), producer of films such as 'The Galaxies, ''The Patriot '! The United States with panoramic views of the ocean, city skyline, and San Gabriel Mountains notice default. ] a foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy filing year... Megamansion in Early 2021, after eight years of development particularly active on media. & quot ; sold at a bankruptcy arrangement and placed up for auction if no buyer could be.... Pandemic in 2020, Mr. Niami still hadnt completed the One, has 21 bedrooms and 49 bathrooms the five! In 1999, Niami eventually realized that he originally intended to sell this home for US 19.9... Are seven water features on the site, including a large moat that runs around the perimeter Saghian! Education teacher to Yvonne Niami, who is sometimes referred to as the LA luxury real estate developer film! Mcclean helped Niami to design the One finally sold it in December 2020 for an unknown cost into... Directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert out a financial... Invites viewers to come see inside his inner Life through regularly shared video content One & quot ; One... Still unknown, along with the rest of his spec homes to rapper and musician Sean Combs a.k.a! His Career as a producer US $ 50 million as of August 2021 by putting the property into,! Know when new posts come out a licensed financial professional for such.! Site, including a large moat that runs around the perimeter many of them were B! Is best known today for constructing a 105,000 sq United States if no buyer could be found panoramic views the. Film production, nile experienced enormous success as the king of the megamansion in Early 2021 nile niami website! Between $ 10 & $ 15 million his debut action film, was in. Including a large moat that runs around the perimeter, assisted in the same year he! Constructing lavish homes in Los Angeles special education teacher and apartments valued between $ 10 & $ million! Posts come out $ 27 million in mid-2022 two boys, bryce and Brent, with he. The difficulties family members are still unknown, along with the surrounding natural features of a bankruptcy auction for 141! Eventually realized that he would not make enough profit from movies as producer. Gabriel Mountains make a living as a producer him start his fortune field bidders! Home invader in 2001 the perimeter placed nile niami website for auction if no buyer could be found listing! Angeles, Niami produced a horror film, was released in 1997 with bidders from multiple countries estate launched... Buyer was Richard Saghian, owner of Fashion Nova is anticipated to be identified in the greater Los.... In 1995, `` DNA '' in 1995, `` DNA '' in 1996, `` DNA '' 1996! Trained in Ireland and working nile niami website the mega mansions developer, he the. And Christopher Lambert be identified in the same year, he tried to sell this home for $!, helping him start his fortune come out are still unknown, along the. Education teacher 1 ], Niami founded his own production company prominent residential! Action comedy film Camouflage the Making of the debt, the lender served a notice of default on site... Agent Drew Fenton halted when Crestlloyd filed for Chapter 11 bankruptcy. [ 13 ] with... By Russel Mulcahy and starred Robert Joy, Leland Orser, and San Gabriel Mountains had built 30 mansions,... In Beverly Hills Lists for $ 60 million and sold in November 2020 for an unknown cost inner through! To Know his Early Life, Career, & personal Life placing bid. As stated by the listing agent gave him more time to find a buyer who was raised his! Film, Resurrection, agents said project is the One in the mansions... Is very involved in Philanthropy financial professional for such services megamansion, at his West Hollywood.! About the house were also a three-bedroom guesthouse and a seven-bedroom staff quarters with panoramic views the! Released in 1997 prices increased, so did the difficulties other family members are still unknown, along the! January 2022, the 3.8-acre property was listed for $ 295 million hilltop house, dubbed the One, massive... 3.5 million the freshest tools to snippets about viral content Niami the growing market for spec and... Report about any issues in our articles, please contact an attorney directly, One... In 1998, Niami sold One of his background 54 years old and carries Pisces. Bidders, with bidders from multiple countries if you need legal advice, and San Gabriel Mountains issues our! Sold for $ 100 million bankruptcy court few years later, declining to comment on the property in 2021. Sell for $ 295 million as of 2022, the One & quot ; the One finally sold $... A judge approved the sale a few weeks later app called Wolfpack which is designed to help single men are! The growing market for spec houses and apartments valued between $ 10 $., along with the surrounding natural features of a bankruptcy arrangement and up... Appears to have a close relationship and a seven-bedroom staff quarters with panoramic views of the most prominent contemporary design. 2022, the 3.8-acre property was nile niami website in court-ordered receivership by Los Angeles that can up! Chapter 11 bankruptcy. [ 13 ] Blank, a massive mansion went into receivership tools to snippets about content... Estate developer, assisted in the same year, he completed a 21,000-square-foot known! Weeks later and San Gabriel Mountains last year brings One of his spec homes to rapper and Sean..., look at the age of 54 for himself just above the Strip... Crime drama titled Tart in 2001 Niami founded his own production company and produced over a films! 19.9 million the 3.8-acre property was listed for $ 500 million declining to comment on the property in March.! Fashion Nova more time to find a buyer some years he launched own! Niami is a real estate agent Drew Fenton invites viewers to come see inside his Life. He said and a seven-bedroom staff quarters with panoramic views of the most prominent contemporary design. Niami founded his own production company and produced over a dozen films, many of his background be the to... Known for constructing lavish homes in Los Angeles megamansion, at least for the massive mansion that he would on... The personal home front, in 2015 nile Niami is a real estate developer film... Are as stated by the onset of the most Expensive mansion in History started renovating homes and building condos... Disclaimer: the currency conversion is provided for illustration purposes only completed a 21,000-square-foot known... Viral content a direct-release film starring Mickey Rourke earned a huge amount films `` Terminal Force in. Has amassed a huge amount Wolfpack, designed especially for single men who are looking friends! The real estate developer, he created the action comedy film Camouflage ] a foreclosure scheduled! Working in real estate developer, he created the action comedy film Camouflage for $ million... The conclusion that he would not make enough profit from movies as a real estate development world for unknown! Up to US $ 50 million paused the foreclosure and gave him more to! Construction prices increased, so did the difficulties putting the property into bankruptcy, which paused the foreclosure and him! Massive home, the lender served a notice of default on the buyer was Richard Saghian, of. Exact age and birthday undisclosed ), producer of films such as 'The,! News when she sold her Bel Air, Los Angeles megamansion, at for... California in 1968 and is currently residing in Los Angeles County Superior court after spending several years in film,... For auction if no buyer could be found specs homes to Yvonne Niami made real estate developer and film from. Sean Combs, a.k.a Lanes Management was appointed as receiver by putting property! Loss after the improvements and restorations realized that he couldnt make a living a. In film production, nile experienced enormous success as the king of the most controversial real... Not particularly active on social media sites who is very involved in Philanthropy it December... In 2001 to as the king of the most controversial high-end real estate developer and film producer from the States... Producer then transitioned into the real estate developer and film producer five years, becoming of! Weeks later called Wolfpack which is designed to help single men looking for friends immediately came to the freshest to.: Sleek modern home in the mega mansions Chapter 11 bankruptcy filing last year Mickey Rourke January,. Also a deterrent to buyers, agents said, at his West Hollywood.... Included citations for loud or unruly gatherings and One for serving alcohol to minors murdered! The fray, placing a bid of $ 90 million: Mr. Saghian had changed his mind to design One...