What to do with $60 million?

With the descendants of an Indian royal coming into a cool $57.5 million last week, we wondered – what’s the best thing to do when coming into money?  

Ruth Saldanha 7 October, 2019 | 1:36AM

Lamp

Last week, the High Court in London ruled that the descendants of the last Nizam of Hyderabad can stake claim to the GBP 1 million that the Nizam left in NatWest Bank back in 1948.

“Hello, I’m a prince, and I have to give you money…”
In 1947, India attained independence from Britain. At the time, the princely state of Hyderabad, ruled by Nizam Osman Ali Khan Siddiqi, chose to remain independent of both India and Pakistan. Then, in September 1948, Hyderabad became a part of the Republic of India.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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