Mukesh Ambani is now preparing to leave India and open a family office in Singapore .Asia’s second richest person, Reliance Industries Limited Chairman Mukesh Ambani is now preparing to open a family office in Singapore.
Bloomberg quoted sources as saying that billionaire Ambani has also started hiring employees for this new unit and a manager has also been hired to oversee it.
Not only this, a real estate property has also been selected to open a family office in Singapore.
Let us tell you that Ambani is the new Indian billionaire who has chosen to open a family office. Earlier, hedge fund billionaire Ray Dalio and Google co-founder Sergey Brin are already present in the list of those opening a family office in Singapore. Let us tell you that among the super rich, Singapore is becoming an attractive center for family office due to low tax and security.
But as a result of the increasing number of the global rich in Singapore, the prices of cars, housing and other goods are also rising. Deputy Prime Minister Lawrence Wong indicated in an August interview that the rich could face higher taxes to boost growth ?. PLC/GT