Mukesh Ambani, Asia's 2nd-richest man, to open family office in Singapore: Report

Mukesh Ambani, Asia's second-richest man and Chairman of Reliance Industries, is setting up a family office in Singapore, Bloomberg reported. Ambani has appointed a manager to hire staff for the new entity and also chosen real estate, the report said. Ambani, who currently has a net worth of $83.7 billion, reportedly wants the office to be running within a year.