The last Nizam of Hyderabad, Mir Osman Ali Khan, Asaf Jah VII, was the richest man in the world. On 29 August 1911, Mir Osman became the Nizam of Hyderabad. It is said that he had as much money as 2 percent of America's economy, due to this, on February 22, 1937, Time Magazine named him the richest man. But apart from being rich, he was also a miser. In the book written on Walter Monckton (The Life Of Viscount Monckton Of Brenchley), it is written that Nizam Osman Ali Khan was of short stature, he used to carry a brown stick with him. Call him miser or simply, he spent his whole life wearing a 35 year old cap, even though he used only one blanket for his whole life. It is written in this book that sometimes when he used to shout out of anger or for other reasons, his voice resonated up to 50 yards. In the book maharaja which was written by Diwan Jarmani Dass, it is written that he was so stingy that when a guest came, he used to give him 2 biscuits with tea. One of which was his bi...