Credit : Google

Mukesh Ambani, the CEO of Reliance Industries, is opening a family office in Singapore.

Credit : Google

Mukesh Ambani, chairman of Reliance Industries Ltd. and the second-richest man in Asia, is reportedly establishing a family office in Singapore

Credit : Google

the billionaire from Mumbai has chosen a manager to hire employees for the new organization and get it up and running

Credit : Google

Ambani joins the likes of hedge fund billionaire Ray Dalio and Google co-founder Sergey Brin as the most recent ultra-rich individuals to choose Singapore

Credit : Google

The billionaire stated to his shareholders that this signaled "the beginning of internationalization" of his business

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According to one of the persons, Ambani, whose estimated net worth is $83.7 billion based on the Bloomberg Wealth Index

Credit : Google

According to the people, his wife Nita Ambani is also assisting with set-up

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Reliance has been shifting its focus away from its historic businesses toward e-commerce, and green energy, and expanding its retail presence throughout India

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Jio Platforms Ltd., its technology company, attracted about $25 billion from illustrious Silicon Valley investors including Meta Platforms Inc. and Google.

Credit : Google

Additionally, it has revealed bold intentions to compete with Amazon.com Inc. in the nation, especially in streaming

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