Mukarram Jah was born to Azam Jah, the son and heir of Osman Ali Khan, the last reigning Nizam of Hyderabad state, by his wife Princess Durru Shehvar, daughter of the last Caliph of the Ottoman dynasty, Abdulmejid II.[3] Jah was educated in India at the Doon School in Dehradun and in England at Harrow and Peterhouse, Cambridge. He also studied at the London School of Economics and at the Royal Military Academy Sandhurst.[4]

Jah was a friend of India's first Prime Minister, Pandit Jawaharlal Nehru, and stated in 2010 that Nehru had wanted him to become his personal envoy or the Indian ambassador to a Muslim country.[5] His two main palaces in Hyderabad, Chowmahalla and Falaknuma, have been restored and opened to the public, the former as a museum showcasing the era of the Nizams and the latter as a luxury hotel. The Taj Falaknuma Palace Hotel opened in February 2010, having been leased to the Taj Group, after some ten years of renovations.[6]

Like his father, Mukarram was the richest man in India until the 1980s. However, in the 1990s, he lost some assets to divorce settlements. His net worth is nevertheless estimated at $US1 billion.[7][8]

Jah died on 15 January 2023, at the age of 89.[9] According to Jah's wish his funeral was going to be take place in Hyderabad which was the former capital of Nizam of Hyderabad on January 17, 2023.

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1980 Tak India Ke Sabse Ameer Admi Ka Khitaab, H.E.H Mukkaram Jah Ke Pass Tha..