Company Profile & Achievements
The Hollywood Land Development Company, a privately held firm founded on July 31, 2015, in California (California Secretary of State No. 201521610145), is a pioneering firm that seamlessly merges our commitment to innovation with hard work to redefine excellence. Our U.S.-based team is comprised of professionals ready to operate throughout the world, with U.S.-made steel and American workers. Together, our company with a rich history across our firm, our mission is to drive long-term low-risk/high-reward value for our client’s future.
Nicholas Phipps White is a U.S. businessman based in California. He is the founder, chief executive officer, and chairman of The Hollywood Land Development Company, one of the United States’ largest privately owned enterprises with real estate development businesses.
Mr. White, son of an architect Lawrence Phipps White AIA and great-great-grandson of U.S. Senator Lawrence Phipps (born in Amity, Pennsylvania, in 1862, died in Santa Monica, CA, 1958), who Senator’s son Allen went on to purchase and operate the Denver Broncos. Mr. White comes from the storied family part of Carnegie Steel Company with a rich history of innovation and philanthropy.
Mr. White is the 100% developer and owner of the privately held The Hollywood Land Development Company, LLC, and the Sovereign Towers project, sold in 2018, the most expensive hotel Sovereign Tower I in the world to the Kingdom of Saudi Arabia Public Investment Fund, marking one of the world’s largest single private investments in 2016 by an institutional buyer. Saudi Arabia’s PIF is an active player in advancing Saudi Arabia’s economic transformation and diversification. The sovereign wealth fund has about $750 billion in assets, according to the kingdom’s Vision 2030 annual report for 2023. Since 2017, PIF has created more than 644,000 direct and indirect jobs.
The planned “Sovereign Towers” for Saudi Arabia’s PIF consisted of an 800-room, 32-story Marriott dual-branded Ritz Carlton/St. Regis 7-star hotel with a glass-enclosed sky-bridge to Sovereign Tower II, featuring Class-A commercial office space planned to be occupied by Oracle Corporation. This was approved in 2018 by the Beverly Hills City Council on the six-acre parcel, former Robinson department store, located next to the Beverly Hilton, now part of the Beverly One Wilshire Boulevard development. Mr. White had settled with the U.S. Government (Tort Claim #164222575-164222577) on May 14, 2020 for the U.S. Treasury check in the amount of $27,829,774,612. Both 64-year-old principals of Sovereign Towers, Marriott CEO Arne Sorenson, and Oracle CEO Mark Hurd, suddenly died from various cancers in 2019 and 2021.
The Civil Federal Case No. 2-22-CV-04557-GW (SK) Nicholas Phipps White vs. Anywhere Real Estate Inc.; Bank of America N.A. and Fidelity National Financial, Inc. is currently in the United States Court of Appeals 9th Circuit in the amount of $27,459,343,612 for the recovery of the U.S. Treasury check in order to purchase U.S. Steel for $14.9B.
In July 2024, Mr. White informed the CEO of U.S. Steel and the U.S. House Judiciary Committee of his intention to purchase U.S. Steel privately. U.S. Senator Fetterman of Pennsylvania, former Mayor of Braddock, Pennsylvania, the site of the original Carnegie Steel Company’s mill now part of U.S. Steel, along with the Governor of the Commonwealth of Pennsylvania, Josh Shapiro, is also aware of Mr. White’s intention to purchase U.S. Steel from the $27.4B proceeds of his U.S. Treasury settlement funds at Bank of America. The settlement, in part, will benefit the more than 500 Victims of disbarred attorney Tom Girardi including those minor migrant boys kept at the Spelling Manor, with approximately $550M in the Federal Bankruptcy Filing Claims respectively remaining.
