Nile Niami Net Worth
Nile Niami net worth: Nile Niami is an American film producer and real estate developer who has a net worth of $50 million. He started out as a film producer then transitioned into the real estate development world. Today he is best-known for developing extremely lavish mansions in Los Angeles that cost $100 million and above.
Nile Niami was born in Bel Air, Los Angeles, California in 1968. He grew up dirt poor in LA's San Fernando Valley. His mother was a special education teacher who was tragically murdered by a home invader in 2001.
Nile initially set out to make it in the world of Hollywood special effects and makeup. He eventually launched his own production company. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". in 1997, "Point Blank", "The Patriot" in 1998, "The Survivor" in 1998, "Resurrection" in 1999, "The Watcher" in 2000, and "Camouflage" and "Tart", both in 2001.
As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. Over the years his flips got more and more expensive. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared.
In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million.
Two years later he sold a mansion in Beverly Hills for $38.3 million.
In 2017 he sold a home to Floyd Mayweather for $26 million.
In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. He dubbed the 20,500 square-foot spec home "Opus". Sitting on 1-acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. Roughly $2 million worth of art and other accessories were included in the price. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership.
Nile Niami is probably best-known for constructing a 100,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world.
The property has a 50-car garage, four lane bowling alley, private nightclub, five elevators and a 10,000-bottle wine cellar.
On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends.
|Net Worth:||$50 Million|