Nile Niami's Networth

Nile Niami is an American film producer and real estate developer with a net worth of $500 Thousand. He started as a film producer and then transitioned into real estate development. Today he is best known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above.

Nile's net worth is somewhat hard to pin down because a large chunk of his assets and risk is currently tied up in a mansion called "The One", which is the subject of many lawsuits and around $165 million worth of loans. If "The One" sells for a significant amount over its debt load, Nile could theoretically make millions. In a September 2021 interview about "The One" in the LA Times, Nile said, "I'm getting sued by everybody. Do you know why? Because I don't have any money."

Nile Niami's Early Life and Film Career

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 also owned a bar in Burbank where she would work at night. Tragically, his mother was murdered by a home invader in 2001. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup.

After some years, he 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.

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Nile Niami's Real Estate Investment 

Nile began making real estate investments as his producing career rose, flipping cheap homes in LA's suburbs. He also developed condo complexes.

In interviews, Nile explained that he leaped from condo development to ultra-high-end home development in the wake of the 2008 real estate crash, which wiped him clean off the map. He believed high-end homeowners would be less susceptible to financial crashes, less reliant on bank approvals, and, therefore, less risky for a developer.

Over the years, his flips got more and more expensive. A watershed moment came in 2012 when he flipped 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. On the personal home front, Nile Niami dropped $9.5 million to buy Scooter Braun's home. Two years later, he attempted to sell it for $19.9 million. He finally sold it in December 2020 for $9.58 million.

FAQ's 

Q: What happened to Nile niami?

A: It recently filed a suit against The One developer Nile Niami for breach of contract and promissory fraud. 

Q: Where is Nile niami originally from?

A: Nile Niami is originally from Los Angeles, California, United States.

Q: Did Nile Niami sell his house?

A: Nile Niami planned to list the roughly 105,000-square-foot L.A. megamansion for $500 million. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake.

Q: Is Niami owns the house?

A: Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015.

Q: Is Niami launched a mobile app?

A: Niami launched Wolfpack, a mobile app for single men looking for friends; it is no longer available.