Mir Osman Ali Khan, the seventh Nizam of Hyderabad, achieved global fame in the 1930s as TIME magazine hailed him as the “richest man on the planet.” His reign marked an era of opulence and strategic governance in Hyderabad. He adorned his palace with the Jacob diamond, valued at Rs 1000 crores, and maintained a fleet of over 50 Rolls-Royce cars, including the iconic Silver Ghost Throne Car.
Hyderabad’s Historic Figure
Mir Osman Ali Khan’s leadership was pivotal in Hyderabad’s history. Despite his forced abdication after Hyderabad’s annexation in 1948, he continued to influence the region as its Rajpramukh (governor).
Mir Osman Ali Khan’s Astounding Wealth
Estimated at $236 billion in today’s value, Mir Osman Ali Khan’s wealth was derived from extensive holdings, including 100 million pounds of gold and 400 million pounds worth of jewels. His ownership of the Golconda diamond mines further bolstered his riches.
Contributions to Hyderabad’s Development
Under his rule, Hyderabad saw significant infrastructural advancements, including the establishment of Osmania University, the Osmania General Hospital, and the State Bank of Hyderabad. He also oversaw the construction of crucial dams to manage floods in the region.
The Legacy and Lifestyle of Mir Osman Ali Khan
Despite his immense wealth, Mir Osman Ali Khan led a modest lifestyle, preferring simple attire and maintaining frugal habits like annual bedroom cleaning. His legendary fondness for Osmania biscuits from Vicaji Bakery highlighted his humble tastes amidst extravagant wealth.
Remembering a Legacy
Mir Osman Ali Khan’s legacy extends beyond his financial prowess; it encompasses his enduring contributions to Hyderabad’s cultural and infrastructural landscape. His burial at Masjid-e-Judi in King Kothi marks the end of an era but leaves behind a legacy of unprecedented wealth and visionary governance.
