Quaid-e-Azam was a billionaire by virtue of his will

When Quaid-e-Azam was spending the days of his illness in Quetta, he suffered a stroke on 1st September 1948. His doctor Elahi Bakhsh told Ms. Fatima Jinnah that she should be taken to Karachi soon as the altitude of a city like Quetta is not suitable for her.

He also had an infection in his blood and was having trouble breathing. Doctors said that now there is no hope left and only a miracle can save him.

When the doctors asked permission to take him to Karachi, he said, ‘Yes, take me to Karachi, I was born there and want to be buried there.’

With that, his eyes closed. Ms. Fatima Jinnah writes in her book ‘Mira Bhai’ that I stood by, could hear his broken words in semi-unconsciousness. ‘Kashmir. . . them . . To decide . . Give right. . . Constitution. . . I him . Soon. . I will complete. . The refugees . . Their. . All possible. . . assistance . give me . . Pakistan. . . . .’

This was the last message of Quaid, after which on September 11, Kalima Tayyaba came out of his tongue in a hospital in Karachi and his head fell to one side.

When her ambulance stopped on the way before reaching the hospital, Fatima Jinnah writes that she had to wait an hour on the road for another ambulance to arrive. ‘

Why did the ambulance break down? What mistakes were made in the treatment of Quaid-i-Azam? Why were they not taken abroad? Why was he so disappointed after meeting Liaquat Ali Khan that he told his sister that he no longer wanted to live? Much has been written on this subject over the years.

Even if Quaid-i-Azam was not the founder of Pakistan, he was financially stable enough to get his treatment anywhere in the world. If the value of their assets is evaluated from today’s era, their status can be more than two billion dollars, which would be three and a half trillion in rupees.

Renowned researcher and renowned bureaucrat Dr. Saad Khan has written in great detail about Quaid-e-Azam’s assets in his book ‘Muhammad Ali Jinnah, Wealth, Property, Will’ to be published in 2020.

He writes that the Quaid-i-Azam wrote his will on 30 May 1939, which was governed by the prevailing Ismaili law. This law allowed them to determine the sections as they wished.

The will had two parts, the first part related to the family members while the second left his legacy in the name of several institutions in Pakistan and India. After that, Quaid-e-Azam lived for nine years. Pakistan also became, but they did not make any reduction in the parts of their relatives and educational institutions.

Among them were Islamia College Peshawar, Sindh Madrasah-e-Salam, Aligarh Muslim University, Anjuman-i-Islam School Bombay, Arik College New Delhi and University of Bombay.

The journey of Muhammad Ali Jinnah to become the Quaid-e-Azam has been described in great detail in history, but no one is familiar with the story of a common man becoming a billionaire.

Dr. Saad Khan writes in his book that in 1900 his salary as Presidency Magistrate was 1500 rupees per month but he resigned within six months saying that he would earn that much money daily.

Then came the day when he was counted among the most expensive lawyers in India. He invested the money he earned from lawyering. In 1926, his shares in Bombay Dyeing, Tata Steel and Tramway Company were worth Rs 1.4 lakh, which is Rs 68 crore in today’s currency.

During this period, Quaid-e-Azam started to be counted among the top 10 investors of India. In the same year, when he went to Dal Lake in Srinagar with his Begum Rati Jinnah for a holiday, Begum Jinnah spent 50,000 rupees on renovating a floating boat to spend a week there. At that time, this money would buy a four-kanal bungalow in a posh area of ​​Karachi or Lahore.

Quaid-e-Azam also owned very valuable properties at prime locations in Karachi, Bombay, Delhi and Lahore at that time. The first property he bought was a bungalow on Little Gibbs Road in Bombay along with a four-storey building called Mayfair Flats, which had eight flats.

He bought this building from Manu Chahar Rustamji for 33 lakh eight thousand and rented it out which he sold for 10 lakh in 1943 and bought properties in Karachi and Lahore.

In 1916, he bought a magnificent bungalow called South Court on 15,476 square yards on the beach in Bombay from Sir Adamji for Rs. which he gave as a gift to his wife Rati Jinnah on the occasion of their marriage in 1918.

In 1936, he demolished the old building and constructed a luxurious bungalow through an Italian company, which at that time cost Rs.25 lakh and was completed in three years.

22 employees were employed in this house. In May 1947, the Iraqi Consulate offered to buy it for 18 lakhs, but Quaid-e-Azam was asking for 25 lakhs.

The property, known as Jinnah House, has been locked ever since and has become the subject of a diplomatic dispute between Pakistan and India. Three years ago, its value was estimated at 40 million dollars.

Jinnah Manzil Delhi was bought by Quaid-e-Azam in 1938 for one lakh, where his 19 employees were also living.

In 1947, Quaid-e-Azam sold Jinnah House to Krishna Dalmiya, India’s top industrialist and owner of Times of India, for three lakhs. Now this house is the residence of the ambassador of Holland with a current worth of 12 million dollars.

He bought Jinnah Manzil Karachi covering two and a half acres in 1943 for one hundred and eighty thousand rupees. Which has now been converted into a museum where the Quaid-e-Azam’s personal items are kept.

When Quaid-e-Azam bought Jinnah House in Karachi, he also bought Jinnah House in Lahore. 53 Bungalow No. 53 covering five acres on Mall Road was bought for one lakh 62 thousand 500 rupees and this deal was done by Justice Faiz Isa’s father Qazi Muhammad Isa on behalf of Quaid-e-Azam.

It is now the Corps Commander’s House.

In Lahore itself, Quaid-e-Azam bought 324 kanals of land in Ichhra from Nawab Iftikhar Mamdut in 1945. Gulbarg is now two and three on this agreement.

Apart from this, he had a commercial plot of 1.5 kanal in Liberty Market, a plot of 10 kanal in Industrial Area. In Karachi too, Quaid-e-Azam bought a 12-acre garden in Malir from the Nawab of Bahawalpur.

Quaid-e-Azam bought 20 acres on the beach at Kemari and built a hut in it. After the death of Ms. Fatima Jinnah, this place was sold for 1 crore 11 lakh and the money was deposited in the Quaid-e-Azam Trust.

He also bought a commercial plaza on II Chandragarh Road about four kanals which was later sold by Ms. Fatima Jinnah to Dadabhai.

15 days before his death, he had bought a commercial building on McLeod Road now II Chandragarh Road for Rs.10 lakh. This building was sold a year later by Ms. Fatima Jinnah to a bank for 16 lakh rupees in which Standard Chartered Bank is established today.

A 10-kanal bungalow in Friar Town Karachi is also among the Quaid’s possible properties, where today there is a plaza called Park Tower. A nine-kanal bungalow in civil line number one also comes in the same list.

Quaid-e-Azam started buying shares of various companies at the age of 36. He invested 1 lakh 25 thousand in Simplex Mill. You were the third largest shareholder of this mill.

By 1927, he owned shares in 11 major companies. From where you were getting a good amount of profit annually. Between 1943 and 1945 you invested more than 8 lakhs in various industries.

When the Indian government was not ready to hand over South Court, the grand bungalow of Quaid-e-Azam in Bombay, to Pakistan, the government allotted the abandoned property Mehta Palace to Ms. Fatima Jinnah instead. Since 1999 it has been converted into a museum.

Quaid-e-Azam also had 12 bank accounts, four of which were in the UK. After the partition, he transferred all his accounts to Habib Bank Karachi, which were worth 62 lakhs at that time.

On February 2, 1948, he obtained a loan of 61 lakhs from the bank, out of which he handed over 35 lakhs 35 thousand to the Muslim League.

On August 4, he requested the bank to cancel the loan due to ill health and not only returned the entire 61 lakh, but the bank also charged an interest of Rs 1 lakh seven thousand 658 12.

The monthly salary of Quaid-i-Azam as Governor General was fixed at 10 thousand 476 rupees 10 annas, out of which he got 4304 rupees 10 annas after tax deduction of 6 thousand 112 rupees.