The $80 Million Home Ambani Previously Bought Is Just A Short Stroll From His Most Recent Purchase There.

Mukesh Ambani, managing director and chairman of Reliance Industries Ltd. and the second-richest person in India, is said to have paid a record-breaking $163 million for Dubai’s most expensive villa. Bloomberg claims that Ambani recently acquired the Palm Jumeirah mansion from a business tycoon’s family.

He was identified in media reports from August as the unidentified purchaser of an $80 million villa in the city. A 10-bedroom beachfront mansion that at the time represented Dubai‘s largest-ever residential real estate transaction. Anant, the youngest son of Mukesh Ambani, reportedly had the expensive property purchased for him.

The 27-story Antilla in south Mumbai belongs to Ambani and serves as their home base. However, the industrialist and his family have been buying upscale homes around the world. Including in the US and the UK.

The family recently purchased nearly fifth of the equity in EIH Ltd, which runs the Oberoi chain of hotels. As part of its expansion into the hospitality sector. They bought the majority of stock in the nearly 100 million dollars Mandarin Oriental in New York earlier this year.