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IN History & Culture ON 13 May, 2016
Osman Ali khan is the richest man in Indian history till date. This legendary man was so rich that he even tried to buy Goa from the Portuguese. His collection of pearls and diamonds was large enough to occupy several Olympic-sized swimming pools.
Scroll down to know the astonishing story of the richest man in Indian history.
This richest Indian man was crowned as 7th and last Nizam of Hyderabad.
He gathered the largest amount of wealth during his rule from 1911-1948.
Most news stories hung on the Richest Man are chiefly chatter about how careful His Exalted Highness is with his pennies - whereas $5,000 is his approximate daily income, his jewels have an estimated value of $150,000,000, he reputedly has salted down $250,000,000 in gold bars and his capital totals some $1,400,000,000, not to mention the fabled "Mines of Golconda. The cash Silver Jubilee gifts to the Nizam of Hyderabad, by his subjects were expected this week to total at least $1,000,000."
Nizam used to own a mint that printed currency the 'Hyderabadi Rupee' during his reign.
Osman Ali sponsored education, science and development. He had also given significant contribution in electricity, railways, roads and airways.
There were 6000 employees deployed in his palace out of which 38 people were required for just cleaning the chandeliers.
The Indian Government seized the state of Hyderabad and Nizam's wealth in 1948. The Nizam made a transfer of 1 million pounds in NatWest Bank in London to give his wealth to his grandson, Mukarram Jah. Unfortunately, the British government seized the exorbitant amount and Mukarram Jah remained deprived of this wealth for whole life.
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