The wealth of royal families in India has been in decline for all 500+ of them, for a long time. Their flamboyant lifestyles have been whittling away dramatically after independence from Britain in 1947. The various royals, maharajas and maharanis, nawabs, begums, nizams , princes and princesses, have all seen their powers stripped away, their land seized and some even remain uncompensated, since the abolition .
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By the early 20 th century, the Nizam’s wealth accumulated to approximately £100 million in gold and silver bullion, and £400 million in jewelry alone, making him the richest man in the world. He used a 185-carat diamond worth $200 million for a paperweight and apparently, had enough pearls to fill up Piccadilly Circus.
He had a prodigious appetite for sex and had sired children from 86 mistresses in his harem and had more than 100 illegitimate children. Because of this, by the 1990s, the claimants to his wealth had gone up to 400 legal heirs.