Not Ambani Or Adani - This Nawab Of Hyderabad Was The Richest Man In India Ever!

When you think of India's all-time richest people, what are the names that cross your mind? Many of us must think about Adani, Ambani and Tata, but no, none of these matches up to the richest Indian in all of chronicle history when net worth is adjusted for inflation.

When we look back at our history, we find that India did have a reasonably well-developed money market and a credit instrument. At the time of its independence, India was divided into different indigenous princely states. All Indian princely states agreed to join the Indian federation except Hyderabad, Junagadh and Jammu and Kashmir.

Of these states, Hyderabad was quite a prosperous and wealthy state which is equal to the size of Italy. Hyderabad's last Nawab was 'Nizam Osman Ali Khan' who ruled Hyderabad for 37 years from 1911 to 1948.

Who is the richest Indian ever?

Nizam Osman Ali Khan - Richest Man in India Ever | Wikiepdia

It's not the Adani or Ambanis, it's Osman Ali Khan who was known as the richest Indian ever, the last Nizam (or ruler) of Hyderabad. Before the princely state was taken into the union of India in 1948, Mir Osman Ali Khan was the wealthiest man in India.

Osman Ali Khan succeeded his father as the Nizam of Hyderabad in 1911 and stayed at the helm for nearly four decades.

According to the reports, Osman Ali Khan's net worth was estimated at over Rs 17.47 lakh crore ($230 billion) after adjusting for inflation. Khan's net worth is almost near the net worth of Elon Musk - currently, the world¡¯s richest man at $286 billion.

Osman Ali Khan died in 1967 at age of 80. Mansa Musa I of Mali - the obscure 14th-century African king - was named the richest person in all history, according to the reports.

Facts about Osman Ali Khan

Nizam Osman Ali Khan - Richest Man in India Ever | Getty Image

1. Mir Osman Ali Khan reportedly owned 50 Rolls Royces.

2. Mir Osman Ali Khan was one of the seven Nizam who ruled Hyderabad until the country was invaded by neighbouring India.

3. He had a personal gold collection that was worth over $100 million and owned over $400 million worth of jewellery, including the famous Jacob Diamond which is worth $95 million today.

4. Mir Osman Ali Khan used the famous Jacob diamond as a paperweight.

5. The Nawab's rule is credited for the development of many of the major public buildings in Hyderabad including the Hyderabad High Court, the Central Library (previously called the Asafiyah Library), and Assembly Hall, State Museum and the Nizamia Observatory.

Hyderabad High Court | tshc.gov.in

6. In 1911, he was awarded the title of the Knight Grand Commander of the Star of India.

7. In 1917, he was awarded the title of the Knight Grand Cross of the British Empire.

8. In 1946 he was awarded the Royal Victoria Chain.

After India's independence, when the country's integration efforts began, Nawab had to leave his empire and joined the Indian republic in 1948. After the merger of Hyderabad in the Indian federation the sources of income for Nizam keep on decreasing.

Mir Osman Ali Khan Majesty was a benevolent ruler who was seriously involved in promoting education to the masses, science and construction. He made primary education compulsory for all citizens. In addition, according to his decree, it was free for poor people.