We know a number of issues about billionaire industrialists of India however most of us do not know something concerning the first billionaire of unbiased India, who used costly diamonds as paperweights? But this billionaire was additionally a miser and did not preserve cleanliness round him.
The title of being the primary billionaire of unbiased India was held by Nizam Mir Osman Ali Khan of Hyderabad. Time journal featured him on its cowl in its February 22, 1937 problem, titled “The Richest Man in the World.” Osman Ali had immense wealth and based on experiences, over Rs 3 billion of Nizam are deposited in a financial institution in England.
But Nizam was a miser and he used to put on quite simple garments. According to experiences, Nizam Mir Osman used to dwell very soiled and his bed room was cleaned solely once a 12 months. He was very stingy even in feeding the company. The company who got here to fulfill him have been served just one biscuit with a cup of tea.
Osman Ali Khan turned the Nizam of Hyderabad in 1911. When India turned unbiased on August 15, 1947 and Hyderabad was merged with India, he remained in this place until then. The complete internet value of Nizam is taken into account to be USD 230 billion i.e. Rs 17.47 lakh crores
In 1947, the Nizam’s complete wealth was equal to 2 p.c of the whole GDP of the US. Nizam had his personal foreign money and airline. He had 100 million kilos of gold, 400 million kilos of jewels. The Nizam gifted Queen Elizabeth II necklace studded with 300 diamonds in her marriage.
Golconda diamond mines have been the most important supply of Nizam’s earnings. At that point this mine was the one supply of diamond provide in the world. The Nizam owned Jacob Diamond, which was one of the costly diamonds in the world.