Extent of Wealth

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Extent of Wealth

  • The Asaf Jahs were not always among the wealthiest royal families in India. Geographical advantages such as the fertility of the Deccan and access to maritime trade did not suffice in periods of political or financial ebbs and flows.
  • The reign of the 6th and 7th Nizams brought cultural and economic growth to Hyderabad State. One example of the Nizams’ wealth is the Jewels of the Nizams, which were an international tourist attraction when displayed at the Salar Jung Museum. They are now secured in an RBI vault.
  • In 1948, the Hyderabad state had an estimated population of 17 million, and it generated an estimated annual revenue of £90,029,000.
  • The state had its own currency known as the Hyderabadi rupee/Hali and the Osmania sicca until 1951. By 1954, only Indian currency became the legal tender in the state of Hyderabad.
  • The last Nizam, Mir Osman Ali Khan, was estimated to be worth ₹6,660 million in 1937. According to the Forbes All-Time Wealthiest List of 2008, he was the fifth richest man in recorded history.
The Hyderabad Rupee

The Hyderabad Rupee

Nizam's Jewellery

Nizam’s Jewellery