The Man Who Sold The Taj Mahal Thrice
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How The Gaekwads of Baroda Built a $4 BILLION Fortune and Remain India's RICHEST Royal Family

Karishma

Amidst the glory of Indian royalty, few families have left a legacy as impressive as the Gaekwads of Baroda. Baroda's history is deeply braided with the Gaekwad dynasty, a family that lived in greatness, ruled with wisdom, and built palaces that stand as timeless symbols of their era. The royal Gaekwad family of Baroda (now Vadodara) was one of India's most prestigious royal families, and their legacy continues to thrive today. They ruled the princely state of Baroda from the early 18th century until the post-independence period, known for their managerial sharpness, support of the arts, and luxurious lifestyle.

Gaekwads
Gaekwads

As proud Maratha rulers, the Gaekwads carried forward the legacy of strength and managerial excellence, shaping Baroda as a culturally rich state. Originally, they were generals in the service of the Peshwas of Pune. In the early 18th century, Pilaji Rao Gaekwad established his rule over Baroda, cementing their significant power in western India. Over time, they became known for their progressive reforms and immense wealth.


The Gaekwad family lived extraordinarily luxurious lives and owned unique treasures like the famous Baroda Pearl Necklace and the Star of the South Diamond, which demonstrated their incredible wealth and refined taste.

Laxmi Vilas Palace
Laxmi Vilas Palace

Built in 1890 by Maharaja Sayajirao Gaekwad III, the Laxmi Vilas Palace remains one of India's most delicate and grand structures. Sprawling over an impressive 30 lakh square feet, the palace is four times the size of Buckingham Palace. It is not just a royal home but an architectural masterpiece that reflects the wealth and imagination of the Gaekwad family.


Radhikaraje Gaekwad is the current Rani of Laxmi Vilas Palace, Vadodara, Gujarat. Also known as the Queen of Baroda, she is respected as a historian, former journalist, and social activist. Under her stewardship, the palace continues to serve as a venue for cultural festivals and exhibitions, preserving its legacy as a cultural and historical landmark.


The Gaekwads' wealth extends far beyond their magnificent palace. The family possesses one of India's most valuable private art collections, including numerous paintings by the celebrated Raja Ravi Varma. These masterpieces alone are worth hundreds of crores of rupees in today's market.

Raja Ravi Varma Painting
Raja Ravi Varma Painting

The family's jewel collection was legendary, featuring pieces like the seven-strand Baroda Pearl Necklace and the 128.6-carat Star of the South diamond. While some pieces were sold over the years, the remaining collection still represents extraordinary wealth.


Unlike many royal families whose fortunes diminished after independence, the Gaekwads have maintained their wealth through shrewd management. Their substantial property holdings generate significant rental income. The family owns numerous buildings, land parcels, and commercial properties throughout Vadodara and beyond.

Laxmi Vilas Palace Interiors
Laxmi Vilas Palace Interiors

The Laxmi Vilas Palace itself has become a successful heritage tourism destination, with portions open to the public for tours. The palace grounds also host high-profile events, weddings, and cultural programs that provide additional revenue streams.

The family has diversified into modern business ventures while maintaining their royal heritage. Their investments span various sectors including real estate, hospitality, and agriculture.


The clothing of the Gaekwad rulers reflected both their Maratha heritage and royal status. The men typically wore Maratha-style attire, rich brocade sherwani, and adorned themselves with pearl and gemstone necklaces. The women dressed in Nauvari, Banarasi, and Paithani sarees, complemented by heavy jewelry including elaborate necklaces, nath (nose rings), bangles, maan tikka (forehead ornaments), and gajras (flower ornaments for hair).


The Gaekwad dynasty represents more than just royal heritage—it embodies a legacy of power and cultural richness. Their magnificent Laxmi Vilas Palace stands as a masterpiece, reflecting their vision and taste across generations. With its stunning Indo-Saracenic design, lavish interiors, and rich history, the palace continues to awe visitors.


Even today, the spirit of the Gaekwads lives on in Vadodara, Gujarat, where tradition and modernity walk hand in hand. They have inscribed their name in history through their actions, wealth, culture, and heritage. As one of the few royal families that have successfully preserved both their material wealth and cultural significance, the Gaekwads stand as a living testament to India's royal legacy in the modern era.

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