logo
India's forgotten billionaire king who sold his jewels to 'light up every home'

India's forgotten billionaire king who sold his jewels to 'light up every home'

Time of India06-07-2025
A Golden Era for Mysore
Live Events
Powering Progress, Literally
A King of Culture and Music
Wealth Used for Good
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
In an age where Indian royalty was known for gold-studded palaces, diamond collections, and fleets of Rolls-Royces, one Maharaja stood out, not just for his riches, but for how he used them.Maharaja Krishnaraja Wadiyar IV of Mysore may not be as widely remembered today, but his story is a shining example of wisdom, kindness, and progress. While TIME Magazine called Mir Osman Ali Khan of Hyderabad the richest man in the world in 1937, with a fortune worth a jaw-dropping $236 billion (around Rs 19 lakh crore today), Wadiyar's quieter yet equally powerful legacy continues to live on through the lives he touched and the institutions he built.Born on June 4, 1884, in the grand Mysore Palace, Krishnaraja Wadiyar IV was just 11 years old when he became king. His mother, Maharani Vani Vilas Sannidhana, ruled as regent until he took full charge at 18.Unlike many kings of his time, Wadiyar IV wasn't interested in living a life only of luxury. Trained in both Western and Indian education, he spoke English, Kannada, and Sanskrit, and had a deep love for the arts. Lord Curzon, then Governor-General of India, praised the young ruler's vision and expected Mysore to flourish under him, and he wasn't wrong.Krishnaraja Wadiyar IV turned his kingdom into one of the most progressive regions in India. Instead of expanding his palace walls, he expanded opportunities for his people. He banned untouchability and stopped child marriages for girls under eight. Widowed women received scholarships, and he donated Rs 60 lakh every year from his personal wealth to help disabled children.He also formed the Mysore Social Progress Association in 1915 and introduced one of the earliest reservation policies in the country. In 1918, he invited Sir Lesley Miller to assess the condition of backward classes, which led to 25% of government jobs being reserved for non-Brahmins, a bold step at that time.Under Wadiyar IV, Mysore became a pioneer in technology. In 1905, Bangalore became the first city in Asia to be fully electrified using hydroelectric power. This earned him the nickname 'Krishnaraja Bhoopa, Mane Mane Deepa,' which means 'the king who lit up every home.'He also revolutionised education. By 1915, primary education became compulsory. By 1927, the state's education budget jumped from Rs 6.9 lakh to Rs 46.8 lakh, supporting more than 5 lakh students across 8,000 schools.He wasn't just funding classrooms, he was building institutions for the future. He helped set up Mysore Sanskrit College, gave 10 acres of land to Sir CV Raman for his research institute, and donated 400 acres to Jamsetji Tata for what would later become the Indian Institute of Science (IISc) in Bengaluru.Mahatma Gandhi once called Wadiyar IV a "Rajarshi", a mix of king and sage. He was a gifted musician, playing instruments like the violin, veena, saxophone, and mridangam.He supported famous artists of the time, such as Gauhar Jan and Abdul Karim Khan, and backed yoga legend T. Krishnamacharya, helping take yoga to the global stage. He also wrote poetry in Kannada, expressing his deep connection to his people and culture.At the time of his death in 1940, his fortune was estimated at Rs 57,901 crore (adjusted for today's value). But he wasn't a king who hoarded wealth. One powerful example was his funding of the Krishna Raja Sagar Dam. When money ran out, he personally sold his own jewels in Mumbai to make sure the dam was completed, a gift to the people that still serves millions today.Inputs from TOI
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Asian Development Bank lowers India's FY26 growth forecast to 6.5% over US tariffs
Asian Development Bank lowers India's FY26 growth forecast to 6.5% over US tariffs

Indian Express

time13 minutes ago

  • Indian Express

Asian Development Bank lowers India's FY26 growth forecast to 6.5% over US tariffs

The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent, down from 6.7 per cent projected in April 2025, citing the impact of US baseline tariffs and associated policy uncertainty. The regional development bank's revision comes as India remains engaged in high-stakes trade deal negotiations. However, finalising a deal before the August 1 deadline for reciprocal tariffs appears unlikely due to differences over market access for agriculture. 'This revision is primarily due to the impact of US baseline tariffs and associated policy uncertainty, in addition to the effects of lower global growth and the direct impact of additional US tariffs on investment flows. Despite this, economic activity remains robust, with domestic consumption expected to grow strongly on the back of a revival in rural demand,' the bank said. However, it added that India's services and agriculture sectors are expected to be key drivers of growth, with the latter supported by a forecast of above-normal monsoon rains. The Central government's fiscal position remains strong, bolstered by higher-than-expected dividends from the Reserve Bank of India, and it is on track to meet its targeted reduction in the fiscal deficit. The ADB also revised India's inflation forecast for FY26 to 3.8 per cent, down from 4.3 per cent projected in April, due to a faster-than-expected decline in food prices following improved agricultural output. Meanwhile, India's GDP growth forecast for FY27 was revised down to 6.7 per cent, from the April 2025 projection of 6.8 per cent. Earlier this week, The Indian Express reported that Indian negotiators concluded another round of talks in Washington in July, and that a US team led by the US Trade Representative for South and Central Asia, Brendan Lynch, is expected to visit India in mid-August. This fresh round of talks, beyond the August 1 deadline, comes amid rising suspense over whether India will face 26 per cent reciprocal tariffs starting that date. US Commerce Secretary Howard Lutnick on Sunday reiterated that August 1 is a 'hard deadline' for countries to begin paying tariffs. 'That's a hard deadline. So on 1 August, the new tariff rates will come in… Nothing stops countries from talking to us after 1 August, but they're going to start paying the tariffs on 1 August,' Lutnick said in a television interview. Notably, US President Donald Trump's deadline for the implementation of reciprocal tariffs has shifted multiple times. While Trump has reiterated that a deal with India is close, the country could face tariffs of up to 26 per cent if both sides fail to reach an agreement. Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More

Rs 20000000000 earned in just 2 days! Blinkit makes Deepinder Goyal even richer by..., beats BIG companies like Wipro, Tata Motors, others
Rs 20000000000 earned in just 2 days! Blinkit makes Deepinder Goyal even richer by..., beats BIG companies like Wipro, Tata Motors, others

India.com

time16 minutes ago

  • India.com

Rs 20000000000 earned in just 2 days! Blinkit makes Deepinder Goyal even richer by..., beats BIG companies like Wipro, Tata Motors, others

BIG trouble for Deepinder Goyal as internal whistleblower alleges... Zomato CEO responds, says.... Deepinder Goyal, one of India's modern business icons, is once again in the news. His company, Eternal, has seen a big jump in its share price and the reason behind this sudden rise is its quick commerce business, Blinkit. Because of this sharp rally, Goyal's personal wealth has gone up by nearly Rs. 2,000 crore in just two days. In the last two trading sessions, Eternal's shares have increased by over 21 per cent. On the NSE, the stock even hit an all-time high of Rs. 311.60. This strong performance has pushed Eternal's market value beyond Rs. 3 lakh crore, making it more valuable than big names like Wipro, Tata Motors, Nestlé, and Asian Paints. Deepinder Goyal's net worth crosses Rs. 11,500 crore Deepinder Goyal, who is 42 years old, owns 3.83 per cent of Eternal. Thanks to the rise in the share price, his total wealth has now crossed Rs. 11,515 crore. According to Forbes, his net worth is now about USD 1.9 billion, placing him among the fastest-growing entrepreneurs in India. The rise in Eternal's share price The rise in Eternal's share price is not random as the biggest reason behind it is the growth of its quick delivery business, Blinkit. According to reports, Blinkit's net order value (NOV) has now become bigger than Zomato's food delivery business. Eternal's success is also helping its competitors and investors. For example, Swiggy's shares jumped 7 per cent in a single day. Info Edge, which owns 12.38 per cent of Eternal, saw its stock price rise by more than 3 per cent. Now, Eternal is planning to open 3,000 Blinkit stores in the future, though the exact time of the plan has not been revealed yet. Who is Deepinder Goyal and how did he start Zomato? Deepinder Goyal is the co-founder and CEO of Zomato. He started the company in 2008 along with his friend Pankaj Chaddah. At first, the website was called Foodiebay. It simply showed menus of different restaurants. The idea came to him when he was working at Bain & Company. He noticed that people in his office often struggled to find restaurant menus during lunch. That's when he got the idea as to why not put all the menus of the restaurants in one platform? Later in 2010, the company was renamed Zomato, and it slowly became a popular name in the food industry. What was Deepinder Goyal's early life and education like? Deepinder Goyal was born on 26 January 1983 in a small village in Punjab. He did his schooling in Chandigarh. After that, from 2000 to 2005, he studied at IIT Delhi, where he earned a degree in Mathematics and Computing. After college, he got a job at Bain & Company, a global consulting firm. That's where his journey toward starting Zomato began. What services does Zomato offer today? Today, Zomato offers many useful services in India and the UAE. It helps people order food online, book tables at restaurants, and read reviews written by other customers. In 2022, Zomato also bought Blinkit (which was earlier called Grofers). Blinkit delivers groceries and daily essentials in just 10 minutes.

NRI shocked by 3x price hike in small-town India, blames 'neglect' in viral post. But internet responds with hard truths
NRI shocked by 3x price hike in small-town India, blames 'neglect' in viral post. But internet responds with hard truths

Economic Times

time16 minutes ago

  • Economic Times

NRI shocked by 3x price hike in small-town India, blames 'neglect' in viral post. But internet responds with hard truths

A non-resident Indian shared his experience on Reddit. He was surprised by the increased cost of living in India. He noticed negligence in a small town. The town was more expensive than his last visit. Other users responded with their explanations. They mentioned India's rapid growth and changing culture. The post sparked discussions about cost of living and civic awareness. Tired of too many ads? Remove Ads The Internet Reacts Tired of too many ads? Remove Ads A Reddit post by a non-resident Indian (NRI) has sparked a lively discussion online after the user expressed shock over the rising cost of living and growing public negligence in India. Titled 'Never expected India to become this expensive and negligent,' the post quickly gained traction, with many users, both in India and abroad, jumping in to share their NRI, who had returned to India for a vacation, said he was excited to spend time with his parents in a small town. But the reality, he said, was far from what he had hoped.'I came to India for vacation. I was excited about my visit. However, the reality is hitting hard,' he wrote. 'My parents are living in a small municipality town… Even my small town became 3x expensive compared to my last year visit.'He also shared frustration about what he called the country's increasing negligence. 'Too much negligence. No common sense,' he wrote, wondering how India had become so expensive in such a short post quickly attracted comments from fellow Reddit users, with many offering their own user explained, 'The reality of being an NRI is that time freezes in your memory. You expect the place you left to stay the same. But India is changing fast. It's in its peak growth phase.'Another added, 'There's a 'wanna-be' culture in India right now. Everyone's trying to imitate the West, and that's pushing prices up in some sectors, often without reason.'Many users pointed out that India's rapid urban development, inflation, and rising global influence have led to a sharp increase in prices, not just in cities, but in smaller towns as even said that while things may appear more modern on the surface, issues like poor civic sense and weak public infrastructure remain major This article is based on a user-generated post on Reddit. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store