Curated By: Business Desk
Last Updated: September 20, 2023, 12:22 IST
The Indian Royals lost their privileges and were deprived of their titles with the 26th Amendment of India in 1971. They, however, have inherited the fame and fortune left by their ancestors. One of these royal families is the Jodhpur Royal Family, who are enjoying a life of opulence. According to reports, the total net worth of the Jodhpur Royal Family is Rs 22,400 crore.
The royal family bears the name of Raja Gaj Singh. His 47-year-old son, Yuvraj Shivraj Singh, handles the business of the royal family now. He and his family reside in the Umaid Bhawan Palace, one of the biggest private mansions in the world. Yuvraj Shivraj Singh reconstructed this centuries-old palace into an ultra-luxury hotel with the help of Ratan Tata, which cost approximately Rs 10 crore. Yuvraj is also the heir to the total wealth of the Jodhpur Royal family, amounting to Rs 22,400 crore. He also runs palace hotels like Bal Samand and Sardar Samand, apart from the Umaid Bhawan Palace.
Yuvraj Shivraj Singh was born on September 30, 1975, to Gaj Singh, the ruler of Jodhpur, and Hemlata Rajye. He completed his schooling in Business Administration at Eton College and played polo for this institution as well. He also attended the Mayo College in Ajmer and the Oxford Brookes University. Shivraj worked for Schroder’s Bank in Geneva, London, and Hong Kong after earning his degree and then decided to move back home. Now, Yuvraj manages the business of the Umaid Bhawan Palace and has also been entrusted with the responsibility of training the Jodhpur Polo Team.
Today, Umaid Bhawan Palace is one of the most lavish hotels in India. The rent per night for a room in this hotel is Rs 35,000. The palace is separated into three functioning sections. These sections are the royal family’s house and the Taj Palace Hotel. There is also a museum that highlights the royal family of Jodhpur’s history in the 20th century. The palace has a throne room, a private conference room, a public Durbar Hall, vaulted banquet halls, private dining rooms, a ballroom, and others.