King Thibaw did not give away his possessions. They were looted by the British after Thibaw's defeat in the Anglo-Burma war. The conquerors had given Thibaw ten minutes to leave the palace along with his family. They did not let him keep anything for himself.
The British (tyrant rulers themselves) termed him a tyrant enemy just because he expected the British officers to remove their shoes while visiting the palace. This was a Burmese custom.
Thibaw, by historical accounts, was an extremely learned philosopher and devout Buddhist. His efforts to hold an Asian Buddhist Conclave with a magnificent Busrah-pearl-and-Burma-rubies umbrella for his Buddha idol further irked the British as they saw this as his defiant gesture to bring together nations attacked by the British under a religious guise!
Thibaw was later exiled with his family and spent rest of his life in Ratnagiri, where some of his descendants still live in abject poverty. Around 1978-79, I have seen his grand daughter Tu Tu selling paper flowers in the streets of Ratnagiri to make ends meet.