Richest Indian to ever exist in documented history!


DNALive24 : India
He is none other than Osman Ali Khan, the Last Nizam of Hyderabad.

He was declared as the world's richest man by Time magazine on 22nd February 1937.

He had a wealth of 2 billion dollars in 1940’s which was more than 2% of US GDP then.

He used the Jacob Diamond, a 185-carat diamond that is part of the Nizam's jewellery, a precious collection running into several thousand crores of rupees today, as a paperweight !

India was the source of nearly all the world's known diamonds, and until the discovery of diamonds in Brazil in 1726. India (Especially Golconda) was the only place where diamonds were mined.

He inherited that vast amount from the Golconda Diamond mines which were one of the few sources of diamonds for the entire world in 18th and 19th centuries and ofcourse with heavy taxation.



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