India's First Billionaire: Mir Osman Ali Khan whose wealth exceeds those of Ambani, Adani

2024/04/25 20:15:07 IST

Simple Habits, Immense Wealth

    Despite his immense wealth, the Nizam was known for his simple attire and a peculiar habit - his bedroom was cleaned only once a year.

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A King's Riches

    India has a rich history of wealth, but the Nizams riches were legendary. His net worth, estimated at Rs 1.91 lakh crore ($230 billion), earned him recognition by the East India Company as Indias first and wealthiest billionaire.

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Wealth Beyond Imagination

    With a fortune equivalent to 2% of the US GDP (as reported by Time magazine), the Nizam was once the worlds richest person. His wealth stemmed from the Golconda Mines, the sole source of diamonds during his era.

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A Legacy of Opulence

    The Nizams of Hyderabad, who ruled for over 200 years (1724-1948), were known for their extravagant lifestyle, patronage of the arts, and unparalleled wealth.

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A Life of Extremes

    The Nizams contrasting habits are fascinating. He owned a fleet of 50 Rolls-Royces, used a Rs 1000 crore diamond as a paperweight, had a private airline, a vast collection of jewels (worth £400 million), and gold reserves of £100 million.

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A Mountain Of Jewels

    His immense wealth included a collection of legendary diamonds like the Koh-i-Noor, Hope, Darya-e Nur, and many more.

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Miserly Millionaire?

    Despite his riches, the Nizam was known for his frugal ways, favoring simple clothing and a yearly bedroom cleaning. Some might even call him a miser!

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A Love For Biscuits

    The Nizam had a surprising fondness for Osmania biscuits from the Vicaji Bakery. While not initially named after him, his love for them made them a part of his legacy.

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End Of An Era

    The Nizam passed away in 1967 at the age of 80 and was laid to rest at Masjid-e-Judi.

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