Mukesh Ambani: India’s second richest man and chairman and managing director of Reliance Industries Ltd., Mukesh Ambani, has reportedly bought Dubai’s most expensive villa for a record-breaking $163 million.
According to reports, Ambani bought the mansion in Palm Jumeirah last week from the family of a business tycoon from Kuwait. He has bought the 10-bedroom luxury villa for his youngest son Anant, reports said.
Antilla in Mumbai
The Ambanis own Antilla, a 27-storey building in south Mumbai, which is the base for the family. But the industrialist and family members have been acquiring prime properties across the globe, including the US and the UK.
According to reports, by buying the villa, Mukesh Ambani smashed his own record for the city’s most expensive residential real estate deal within a matter of months.
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Kuwaiti tycoon
Ambani bought the mansion last week from the family of Kuwaiti tycoon Mohammed Alshaya, who owns the local franchises for retail brands including Starbucks, H&M and Victoria’s Secret.
Earlier this year Ambani had bought a home for $80 million in Dubai. The new villa is only a stroll away from the previously bought one. That deal was the city’s biggest-ever residential sale until another mansion on the palm-shaped island sold for $82.4 million.
Ambani, who has a net worth of $84 billion, has been buying properties overseas west of India for second homes. Last year Reliance bought iconic UK country club Stoke Park for $79 million. He is also reportedly looking for a property in New York, reports said.
Earlier this week, the Land Department in Dubai reported a property deal worth $163 million on Palm Jumeirah without disclosing the buyer’s identity. A spokesperson for Reliance refused to comment, requests to Alshaya for comment went unheeded.
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