Prince Rahim al-Hussaini Aga Khan has been named the 50th hereditary Imam of the Ismaili Muslim community, following the passing of Mawlana Shah Karim Aga Khan IV, according to the Aga Khan Development Network (AKDN) on social media.
Karim Aga Khan, known for his triumphs in horse racing, dazzling wealth and development work around the world, has died in Lisbon at the age of 88.
A post on the AKDN social media page said the announcement was made in Lisbon on Wednesday, where the late Imam’s will was read in the presence of his family and senior community leaders.
“In keeping with the centuries-old tradition of nass — the formal designation of a successor — the mantle of leadership has now passed to Mawlana Shah Rahim Aga Khan V,” read a post on the Ismaili social media website.
The announcement adds that the new Imam inherits the spiritual and institutional leadership of the Ismaili community. As the community comes to terms with the loss of its beloved 49th Imam, it now looks to Prince Rahim Aga Khan V to guide them into a new era, the post on AKDN page said.
The billionaire philanthropist
The name of late Prince Karim Aga Khan, who was the 49th hereditary imam or spiritual leader of the world’s 15 million Ismailis, also became synonymous with success as a racehorse owner, with the thoroughbred Shergar among his most famous.
Estimates of his wealth varied from $800 million to $13 billion, with his money coming from his family inheritance, his horse breeding business and his personal investments in tourism and real estate.
The international jet setter — who held British, French, Swiss and Portuguese citizenship — also poured millions into helping people in the poorest parts of the world.
President, PM extend condolences
President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Deputy PM Ishaq Dar, Chief Minister Punjab Maryam Nawaz, Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur, Defence Minister Khawja Asif, and other ministers and politicians extended condolences to the family and the Ismaili community on the passing of their spiritual leader.
President Zardari, who is on an official visit to China, in his statement, said that Pakistan lost a great friend, who had made great contributions towards the uplift of Pakistan’s social sector, particularly in the health, education and community development. “The invaluable services of Prince Karim Aga Khan for humanity will always be remembered”, President Secretariat Press Wing, in a press release, quoted the president as saying.
PM Shehbaz in a message on X paid tribute to the late Aga Khan for all his philanthropic efforts that hope and development to countless communities all over the world.
GB govt announces three-day mourning
Meanwhile, Gilgit-Baltistan’s government has declared three days of mourning following the demise of Prince Karim Aga Khan.
The announcement was made by GB Chief Minister Haji Gulbar Khan, who expressed deep sorrow and prayed for the departed soul.
This is a developing story is being updated with more details.
