INDIAN HISTORY

Detailed explanation-1: -In the 1750s, their entire wealth was estimated to be 14 crores. Jagat Seth was extremely influential in financial matters in Bengal and had a monopoly of minting coins there.

Detailed explanation-2: -Jagat Seth title was given to Fateh Chand by the Mughal emperor Muhammad Shah in 1723. After that, the entire family of Fateh Chand came to be known as Jagat Seth Family. Jagat Seth means the “Banker of the World”, a very rich banker in Bengal in the first half of the 18th century.

Detailed explanation-3: -The name of the Jagat Seths is known to every Indian as the one of the most (in)famous names in the recent history of Bengal. Originally, they came to prominence for the vast wealth they accumulated as the Nawab’s banker (the title Jagat Seth means Banker to the World).

Detailed explanation-4: -Forget Bezos & Musk, The Jagat Seths Were Once India’s Richest Family With Over 1000 Billion Pounds. The deeper we dig into Indian history, the more intriguing and unbelievable it turns out to be. India, today’s developing country, was once one of the world’s wealthiest countries, both materially and culturally.