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South Asia is perhaps the worst place for a capitalist idea, let alone a libertarian one

India News: Did you know that the Jagat Seth family of Bengal was called bankers of the world? Why did the relationship between Bengal Nawab Siraj ud-Daulah and t

From royal financiers to influencing the British empire, the Jagat Seth's opulent yet twisted legacy is one you must read today!

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.

Richest Indian Family: At one point, Jagat Seths family was the wealthiest in the world. The British economy in the 1720s, according to some sources, was not as prosperous as the Jagat Seth familys wealth. Their holdings and possessions are estimated to weigh roughly 10,000,000 pounds, according to sources. It will be close to 1000 billion pounds (1.60 Lakh Crore) overall if calculated in terms of today.