Prince Rahim Al-Hussaini Aga Khan V has been appointed the 50th hereditary Imam (spiritual leader) of the Shia Ismaili Muslims.
The announcement came on Wednesday following the unsealing of the will of his late father, Prince Karim Aga Khan IV, who passed away in Lisbon, Portugal, at the age of 88.
Following the passing of Aga Khan IV, tributes poured in from world leaders, acknowledging his dedication to humanitarian efforts. A funeral will be held in Lisbon in the coming days, marking the transition of leadership to his eldest son, Prince Rahim Aga Khan V.
Ismaili community
The Ismailis, a Shia Muslim sect, have followed a living, hereditary Imam for over 1,400 years. With a global population of 12 to 15 million, they are spread across 35 countries, with significant communities in Pakistan, India, Afghanistan, and Africa.
Prince Karim Aga Khan IV assumed the role in 1957 at just 20 years old, following the passing of his grandfather. Over his six-decade leadership, he spearheaded numerous humanitarian initiatives, founding a vast network of hospitals, schools, and economic development projects, particularly in the developing world.
Philanthropy and business ventures
Beyond his religious and humanitarian work, the late Aga Khan was a notable businessman and philanthropist. Forbes estimated his wealth at $1 billion (£801 million) in 2008. His investments spanned hotels, telecommunications, and horse breeding. Among his most famous racehorses was Shergar, once the world's most valuable thoroughbred.
New leadership
Born in 1971, Prince Rahim Aga Khan is the eldest son of the late Aga Khan IV and Begum Salimah. Educated in the United States, he has been deeply involved in the Aga Khan Development Network (AKDN), serving on its boards and chairing its Environment and Climate Committee.
A staunch advocate for environmental sustainability, the new Aga Khan has played a key role in initiatives tackling climate change and poverty alleviation. The AKDN, established in 1967, employs 80,000 people worldwide and focuses on improving education, healthcare, and infrastructure.
Prince Rahim Aga Khan was honoured with Pakistan’s highest civilian award, the Nishan-i-Pakistan, during his visit last year. The award recognised his contributions to economic, health, and educational initiatives benefiting marginalised communities across Asia and Africa.