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Who used to be Mir Osman Ali Khan, final Nizam of Hyderabad and first billionaire of India?

HyderabadEdited By: Abhinav SinghUpdated: Jul 19, 2023, 06:57 PM IST

Osman Ali Khan turned the Nizam of Hyderabad in 1911 Photo:(Others)

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Nizam Ali ascended the throne of Hyderabad after his father died in 1911.

The final Nizam of Hyderabad, Mir Osman Ali Khan is is distinguished as the first reliable billionaire of India. Identified as the architect of Hyderabad, he dominated the largest princely express in British India from 1911 to 1948.

Whereas most affiliate the richest Indians with the Ambanis and Tatas, it’s rather unknown that Nizam Ali used to be named “The Richest Man in the World” by Time magazine in its February 22, 1937 arena. He ascended the throne of Hyderabad after his father died in 1911.

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The wealth of Mir Osman Khan

In accordance with estimates, his win worth used to be estimated to be around $230 billion (Rs 17.47 lakh crore), after being adjusted to right this moment’s inflation. He had 100 million pounds of gold and 400 million pounds of varied jewels. He’s popularly known for gifting a necklace studded with 300 diamonds to Queen Elizabeth II all by her marriage. The Nizam’s largest provide of wealth used to be the Golconda diamond mines, of which he used to be the proprietor.

As the Nizam, he established Osmania College, started the Osmania General Clinic, Roar Bank of Hyderabad, Begumpet Airport, and Hyderabad Excessive Court. To cessation Hyderabad – a express roughly the scale of the brand new-day United Kingdom from flooding, he additionally developed Osman Sagar, Himayat Sagar advert the Nizam Sagar Dam.

No subject being a person of ‘impolite’ fortune, Nizam Ali used to be modest, or some would possibly maybe maybe presumably stutter ‘miser’ in his habits, in maintaining with most studies. He historical to position on very easy dresses but extra peculiarly, his bed room used to be most efficient cleaned annually. He had an obsessive liking for the Osmania biscuits, made on the Vicaji Bakery. Even supposing the biscuits had been on the origin no longer named after him, his fondness for them intended that the name caught around.

“Nizam used to be so fond of the biscuits which weren’t named after him at that time that each day a van used to be sent from Hazari Bagh to the Vicaji bakers to win a freshly baked pack of biscuits for the Nizam,” Syed Akbar a well known journalist and historian used to be quoted as announcing by NewsTAP

Nizam Ali handed away on February 24, 1967, on the earlier faculty age of 80 and used to be laid to rest at Masjid-e-Judi at King Kothi.

(With inputs from companies)

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