Billionaire philanthropist and spiritual leader Prince Karim Aga Khan has passed away at the age of 88, as announced by his charity, the Aga Khan Development Network. The prince, who was the 49th hereditary imam of the Ismaili Muslims, died peacefully in Lisbon, Portugal, surrounded by family. His legacy spans decades of philanthropic work and significant contributions to the Ismaili community and beyond.
Born in Switzerland, the Aga Khan held British citizenship and resided in a chateau in France. His death has drawn condolences from around the world, including from King Charles III, who expressed deep sadness at the loss of a close friend. The Aga Khan was well-known for his charitable initiatives, which included running hundreds of hospitals and educational projects, primarily in developing countries.
The Aga Khan Development Network issued a statement offering condolences to his family and the global Ismaili community, emphasizing its commitment to continuing his work to improve lives regardless of individuals’ backgrounds. The Ismaili community, a sect of Islam, numbers around 15 million, with significant populations in countries such as Pakistan, India, Afghanistan, and various African nations.
Prince Karim Aga Khan became the imam at just 20 years old, succeeding his grandfather in 1957. His estimated fortune was around $1 billion in 2008, with wealth derived from various business interests, including horse breeding. He was a prominent figure in the racing world, famously associated with the legendary racehorse Shergar, who won the Derby in 1981 but was kidnapped two years later and never found.
Throughout his life, the Aga Khan founded several charitable organizations, including the Aga Khan Foundation, and contributed to initiatives like the Aga Khan Program for Islamic Architecture at prestigious institutions such as Harvard and MIT. His efforts in cultural restoration were notable, particularly in the restoration of Humayun’s Tomb in Delhi. He also established the Nation Media Group, the largest independent media organization in East and Central Africa.
The Aga Khan’s influence extended beyond philanthropy; he was a man of considerable means, enjoying a lavish lifestyle that included a private island, a super-yacht, and a private jet. His death marks the end of an era for many in the Ismaili community and the philanthropic world. As tributes pour in, the Aga Khan’s impact on society through his charitable work and leadership will be remembered for generations to come.