The two centuries reign of the Nizams in India was synonymous with immense wealth, luxury, and visionary development. Their ridiculous amount of wealth, larger-than-life palaces, and pricey possessions have been carved into the pages of history. Qamar Uddin Khan, who started the Nizam dynasty in India, which was called the Asaf Jahi dynasty, which had some of the wealthiest rulers and has been some of the most successful times in terms of economic, and cultural growth.
Mir Osman Ali Khan Bahadur Asaf Jah VII
In 1911, at the age of 25, Osman Ali Khan ascended to the throne and ruled Hyderabad until he signed an accession and emancipated the state from Nizam’s rule. He is one of the richest persons in the world, and his wealth made up 2% of the US GDP. The Golconda mines, which the Nizam owned and controlled as the only supply of diamonds at the time, were his main source of wealth.
According to reports, this Nizam preferred to keep social gatherings understated and wore plain clothing. Various reports claim that he had his own currency. He owned a private airline, 400 million pounds of jewels, and 100 million pounds of gold. As a wedding gift, the Nizam gave Queen Elizabeth II a necklace set with 300 diamonds. A few examples of the luxurious lifestyle
Azmet Jah
The ninth and final formal Nizam of Hyderabad, Prince Mukarram Jah, passed away on January 17, and his son Mir Muhammad Azmat Ali Khan succeeded him as the new Nizam. Azmet Jah will not hold the title of Nizam IX because the Indian government opted to abolish titles in 1971. Azmet Jah, on the other hand, has taken over Nizam Trusts at his father’s request in addition to a number of other duties.
Hyderabad’s famous Falaknuma Palace has been passed down to Azmet Jah. According to estimates, the British art auction firm has given the palace a value of $10 million. In 2000, the Taj Group of hotels leased the site. According to the Times of India, Nizam received a yearly leasing payment of Rs 1 crore from the Taj Group.
In Hyderabad, Azmet Jah also received the inheritance of the Chowmahalla Palace, which is now a museum, as well as the Nazri Bagh Palace, Chiran Palace, and Purani Haveli. Azmet Jah has also received the Aurangabad Naukhanda Palace, which is additional.
According to The Times of India, Azmet Jah purportedly inherited a 12 kg gold mohur, the heaviest gold coin ever produced. According to The Wire, the government paid his father Mukarram Jah a pitiful sum of $22 million (Rs 2.2 crore) in 2002 for the jewel. Azmet Jah has inherited Mukarram Jah’s collection of expensive vehicles. He reportedly had a Bentley, a Jeep
Asaf Jah
Qamar-ud-din Khan, Mir Hyderabad’s first Nizam, Siddiqi Bayafandi, also referred to as Asaf Jah, was born in 1802. He began his career as a commander at the right hand of Mughal emperor Aurangzeb. He was also referred to as Nizam-ul-Mulk and Chin Qilich Qamaruddin Khan. The Asaf Jahi dynasty was formed by the Nizam on October 11, 1724, when autonomous control over the Deccan region was established. The subsequent tyrants were known as Asaf Jahi Nizams, or Nizams of Hyderabad, and they kept the title Nizam ul-Mulk.
The famed Golconda mines were the Nizams’ main source of income at a time when the Kingdom of Hyderabad was the exclusive supply of diamonds for the world market.
Salar Jung I
The Indian aristocrat Sir Mir Turab Ali Khan, Salar Jung I, often known as Salar Jung I, was Hyderabad State’s prime minister from 1853 until his passing in 1883. Between 1869 and 1883, he also presided as Asaf Jah VI, the sixth Nizam’s regent. During his reign, he implemented a number of administrative reforms, including the restructuring of the judicial and revenue systems, the division of Hyderabad State into districts, the establishment of a postal service, the first modern educational institutions, the building of the first rail and telegraph network, and the division of Hyderabad State into districts.
During a trip to France in 1876, Khan purchased the rare “double sculpture” of Mephistopheles and Margaretta. Additionally, he went to Rome and bought a marble sculpture named Veiled Rebecca. The Salar Jung family had a history of accumulating works of art, and eventually, the Salar Jung Museum housed the whole collection from Salar Jung I, II, and III.
Salar Jung II, his son, took over from him and succeeded as the Prime Minister. His grandson enjoyed a 1486 square mile estate with an annual income of around £60,000, as per various sources.
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