Mir Osman Ali Khan was the ruler of Hyderabad which has an estimated net worth of Rs14834609000000.00
Mir Osman Ali Khan Siddiqi Bahadur succeeded as Nizam of Hyderabad upon the death of his father in 1911. He was the absolute ruler of the principality.
He was born on April 6, 1886 in Purani Haveli, Hyderabad,Hyderabad State, British India (Andhra Pradesh, India). He has seven wives and 42 concubines.
During his 37-year reigned as Nizam, the development of electricity, railways, roads and airways in Hyderabad evolved, the Nizamsagar lake in the state was excavated and some irrigation projects on the Tungabhadra river were undertaken.
Nizam’s budget focused on education. He donated to a lot of educational institution such as Jamia Nizamia, the Darul Uloom Deoband, Banaras Hindu University and Aligarh Muslim University.
In 1941, he established his own bank, the Hyderabad State Bank wherein the currency of the state called Osmania sikka.
In 1947, the Nizam made a gift of diamond jewels, including a tiara and necklace, to Princess Elizabeth on the occasion of her marriage.
Then, during Indian independence in 1947, India was partition into religious lines. The Nizam refused to join either India or Pakistan, preferring to form a separate kingdom within the British Commonwealth of nations.
Finally he died on February 24, 1967 in King Kothi Palace.