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World's most expensive home to hit market at US$500 million

In contrast, record for priciest home sold in US so far is US$137 million and figure worldwide is US$300 million

The One, a mansion being built by Nile Niami, a B-movie producer- turned- developer, in Los Angeles will also be one of the largest private homes in America at 100,000 sq ft.

Los Angeles

"LET'S say you're a superwealthy single dude who just sold your company," said Nile Niami. "You've just moved to LA, and you don't know anybody, so you hire someone to fill your house with partyers.

"You want everyone to know who you are, but you don't want to talk to...

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