Share this post

user icon

Live

People Reading

This story now

The Richest Man Of India Tried To Buy Goa Once From The Portuguese  

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.

The Richest Man Of India Tried To Buy Goa Once From The
Portuguese  

The Richest Man Of India Tried To Buy Goa Once From The Portuguese  

754 396
  in History

Osman Ali Khan owned wealth equivalent to 2% of whole economy of the US in 1940. 

Osman Ali Khan owned wealth equivalent to 2% of whole economy of the US in 1940. 

This richest Indian man was crowned as 7th and last Nizam of Hyderabad.

Osman Ali Khan, Asaf Jah VII was born on 6th April 1886. 

Osman Ali Khan, Asaf Jah VII was born on 6th
April 1886. 

He gathered the largest amount of wealth during his rule from 1911-1948.

Time magazine mentioned him as the 'Richest Man On Earth' on 22nd Feb 1937.

Time magazine mentioned him as the ‘Richest Man On Earth’ on 22nd
Feb 1937.

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."  

This richest man used the Jacob Diamond worth 100 million pounds as his paperweight.

This richest man used the Jacob Diamond worth 100 million pounds as his paperweight.

Nizam used to own a mint that printed currency the 'Hyderabadi Rupee' during his reign. 

His total net worth was around $230 billion. 

His total net worth was around $230 billion. 

Osman Ali sponsored education, science and development. He had also given significant contribution in electricity, railways, roads and airways.

Nizam's assortment of jewelry alone was estimated at approximately $500 million. 

Nizam’s assortment of jewelry alone was estimated at approximately
$500 million. 

There were 6000 employees deployed in his palace out of which 38 people were required for just cleaning the chandeliers.

Osman Ali had 34 children and 104 grandchildren. 

Osman Ali had 34 children and 104 grandchildren. 

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.

Share this legendary tale with your friends and family. 

Loved this? Spread it out then

comments Comment ()

Post as @guest useror
clear

clear
arrow_back

redo Pooja query_builder {{childComment.timeAgo}}

clear

clear
arrow_back

Be the first to comment on this story.

Report

close

Select you are Reporting

expand_more
  • +2351 Active user
Post as @guest useror

NSFW Content Ahead

To access this content, confirm your age by signing up.