Hello readers, today in this article, we will discuss the Net Worth of Nile Niami in 2023. He is an Iraqi American film producer and real-estate developer.
In this article, apart from his net worth, we will also discuss Nile Niami’s early life, career, personal life, and much more. So read this article till the end.
Also, before bouncing off this article, don’t forget to watch Nile Niami’s home tour video at the end of this article.
Nile Niami Net Worth 2023 | Biography
Nile started his career as a film producer. He produced more than 15 films. But later on, he became a real-estate developer.
He has built and sold various multi-million dollar lavish mansions in the United States. Through his real-estate business, he had created a great fortune for himself.
Nile Niami Early Life
He was born on 25 February 1968 in Los Angeles, California. Nile was raised by a single mother who was a special education teacher.
Her mother also owned a bar in which she used to work during the night. However, she was murdered by a home invader in 2001.
Apart from this, not much information is available about Nile’s family and his educational qualifications.
Related: What is the Net Worth of Ed Mylett?
Nile Niami Career
Nile started his career as a film producer. In 1995, he produced his first movie Galaxis. He was mainly known for producing B movies.
He has produced a total of 15 movies. Some of his produced movies are Terminal Force, DNA, Point Blank, The Patriot, The Survivor, and The Watcher. Nile’s last movie as a producer is Tart, released in 2001.
When Nile got some good returns from his producing work, he started making small condominiums and renovating homes to sell.
Initially, he flipped cheap homes, but after some time, he switched to ultra-high-end home development, and his flips became increasingly expensive.
His flipping career took a big leap in 2012 when he sold a home to the Winklevoss twins for $18 million. With this deal, he made a lot of money.
Later he built a mansion in Holmby Hills, which he sold to a Saudi buyer for $44 million. In 2014, he built another mansion in Holmby Hills and sold it to singer Sean Combs for $39 million.
In 2015, he bought Scooter Braun’s home for $9.7 million for personal use. But after two years, he tried to sell for $19.9 million. However, no buyer showed interest in the deal, and later on, in 2020, he sold it for $9.58 million.
In 2016, he sold a mansion in Beverly Hills for $38.3 million. Moreover, in 2017, he sold a house to boxer Floyd Mayweather for $26 million.
Everything is going well for Nile, and he made a great amount of money through his previous deals. But one thing that doesn’t go right for him is his project, The One.
It is a 105,000-square-foot spec home in Bel Air dubbed and designed by Paul McClean. After eight years of work and several delays, the house got ready in 2021.
The house has nine bedrooms, a four-lane bowling alley, a cigar room, a multiplex-size movie theater, a private nightclub, five elevators, several pools, and a 10,000-bottle wine cellar.
For building, The One Nile borrowed $165 Million from various lenders. Initially, he listed the mansion for $500 Million. However, no buyers showed interest in it, so in March 2021, his company defaulted on US$165 million and later even filed for bankruptcy.
In July 2021, the property was placed in court-ordered receivership. In January 2022, The One was listed for sale at $295 million.
But no buyer came forward, so in March 2022, The One was sold at auction for $127 million. After this, it became one of the most expensive houses ever sold at an auction in the United States.
Nile Niami Personal Life
Nile is currently single. But in the past, he was married to Yvonne Niami. With her, he also had two sons named Bryce and Brent.
Nile Niami Social Media
- Instagram: 102K Followers (@nileniami)
What is the Updated Net Worth of Nile Niami in 2023?
Nile Niami is an Iraqi American film producer and real-estate developer. Currently, the majority of his income comes from his real-estate business.
But in the past, he also earns a significant amount of money by producing movies which also contributes to his overall wealth.
The updated Net Worth of Nile Niami in 2023 is $50 Million. Moreover, Nile Niami’s annual income is around $3 Million.
|Profession||Movie Producer and Real-Estate Developer|
|Net Worth (2023)||$50 Million|
|Source of Income||Real-Estate Business|
|Annual Income||$3 Million|
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