Mir Barkat Ali Khan, also known as Mukarram Jah Bahadur, the 8th Nizam of Hyderabad, passed away in Istanbul on January 14, 2023.
His biggest worry as Nizam was to take care of 14,718 staff and their dependents. At the Chowmahalla palace complex from where he ruled, he had 28 people whose only job was to bring drinking water to the Nizam and his immediate family from the traditional well outside the city.
In 1967 after his grandfather Mir Osman Ali Khan passed away. The first thing he told the press was that his grandfather never seemed to keep track of his wealth and he had not heard of any hidden treasure.
In the 1950s Osman Ali Khan's personal wealth stood at 1.35 billion rupees (then estimated at 100 million pounds). In 1949, The New York Times reported then that the Nizam's wealth could not be computed, but was estimated at something in excess of then $2 billion. The New York Time ssaid the Nizam's pearls alone would fill an Olympic sized swimming pool, or pave Broadway from Times Square to Columbus Circle.