Prince Rahim al-Hussaini Aga Khan V was named the 50th spiritual leader of the Ismaili community on Wednesday, according to the Aga Khan Development Network on X.
The succession follows the death of his father Prince Karim Al-Husseini, Aga Khan IV in Lisbon at the age of 88 on Tuesday.
“Prince Rahim Al-Hussaini Aga Khan V was today named the 50th hereditary Imam (spiritual leader) of the Shia Ismaili Muslims, following the unsealing of the Will of his late father, Prince Karim Al-Hussaini Aga Khan IV, who died in Lisbon, Portugal yesterday, aged 88,” the statement said.
“Prince Rahim Aga Khan V is a direct descendant of the Prophet Muhammad (Peace Be Upon Him and his progeny) through his daughter, Hazrat Bibi Fatima, and the Prophet’s cousin and son-in-law, Hazrat Ali, the fourth Rightly Guided Caliph of Islam and the first Shia Imam.
“Throughout their 1,400 year history, the Ismailis have been led by a living, hereditary Imam. The Ismailis live in over 35 countries and number approximately 12 to 15 million,” the statement said.
Condolences poured in soon after Prince Khan IV’s death, with global leaders remembering his humanitarian efforts.
The 49th hereditary imam or spiritual leader of the world’s 15 million Ismailis, his name also became synonymous with success as a racehorse owner, with the thoroughbred Shergar among his most famous.
The international jet setter — who held British, French, Swiss and Portuguese citizenship — poured millions into helping people in the poorest parts of the world.
“If you travel the developing world, you see poverty is the driver of tragic despair, and there is the possibility that any means out will be taken,” he told the New York Times in a rare interview in 2007.
By assisting the poor through business, he told the newspaper, “we are developing protection against extremism”.
More to follow
