Jagat Seth was richest Indian with more weath than all England' banks

Описание к видео Jagat Seth was richest Indian with more weath than all England' banks

Jagat Seth, also known as the Banker of the World, once comprised India’s richest family with over 1000 billion pounds of wealth. He had more money than all of England’s banks combined, according to British papers and he used to lend money to Britishers.
According to some sources, the British economy in the 1720s was less than the Jagat Seths’ wealth. He had assets worth approximately 1000 billion pounds or more in today’s money.
In 1707, Manikchand helped Prince Farrukhsiyar financially to become the Mughal Emperor. In award, Farrukhsiyar conferred the title of Jagat Seth on Manik Chand, meaning "banker or merchant of the world". The money lent to the British East India Company was never paid back and hence came the fall of Jagat seth. His descendants are not known at the present times but their name was last heard in 1900s. ‪@ebnwstory‬

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