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Meet Jagat Seth: India's richest banker with assets worth $1 trillion: He had more wealth than Ambanis, Elon Musk or Jeff Bezos have today; know about him and his lineage financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Jagat Seths, a family of bankers in Bengal, had a net worth of approximately Rs 8.3 lakh crores and extended loans to both the Mughals and the British. Their lineage can be traced back to the 18th century when Fateh Chand, a prosperous banker, was conferred with the title "Jagat Sheth." Under the leadership of Fateh Chand and his descendants, the family gained prominence and rivaled the Bank of England in commercial operations. However, their fortunes declined due to political changes and they eventually faded into obscurity. ....