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Mukesh Ambani, India’s second-richest man and chairman and managing director of Reliance Industries Ltd (RIL), has reportedly bought Dubai’s most expensive villa for a record $163 million. Bloomberg Citing people familiar with the matter.
The Indian billionaire bought the waterfront mansion last week from the family of Kuwaiti tycoon Mohammed Alshaya, whose conglomerate owns local retailers including Starbucks, H&M and Victoria’s Secret, reports say Brand franchise.
The ten-bedroom luxury home features a private spa, indoor and outdoor pools, and is steps from the $80 million home Ambani reportedly bought for his son Anant earlier this year.
The Dubai Land Department reported a $163 million real estate deal on Palm Jumeirah earlier this week, but did not disclose the identity of the buyer. Bloomberg Report.
A spokesman for Reliance declined to comment, while a representative for Alshaya did not respond to a request for comment.
Ambani, who has a net worth of $84 billion, has been snapping up properties overseas, increasingly looking west for a second home. Reliance reportedly paid $79 million for the iconic British country club Stoke Park last year, it added.
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