Billionaire And Spiritual Leader Aga Khan Dead
By Agencies
Wednesday
One of the world billionaire,
philanthropist and spiritual leader Aga Khan has died at the age of 88, his charity the Aga Khan Development Network has announced.
Prince Karim Aga Khan was the 49th hereditary imam of the Ismaili Muslims, who trace his lineage directly to the Prophet Muhammad.
He “passed away peacefully” in Lisbon, Portugal, surrounded by his family, his charity said in a statement on social media.
Born in Switzerland, he had British citizenship and lived in a chateau in France.
The King has been made aware of the death of the philanthropist, who was a friend of both himself and his mother, the late Queen Elizabeth II.
Born in Switzerland, he had British citizenship and lived in a chateau in France.
It is understood that the King is deeply saddened at the loss of a personal friend of many years and is in touch with the family privately.
The Aga Khan’s charities ran hundreds of hospitals, educational and cultural projects, largely in the developing world.
He enjoyed a lavish lifestyle, with a private island in the Bahamas, a super-yacht and a private jet.
The Aga Khan Development Network said it offered its “condolences to the family of His Highness and to the Ismaili community worldwide”.
The Ismailis, a Muslim sect, have a worldwide population of about 15 million, including 500,000 in Pakistan. There are also large populations in India, Afghanistan and Africa.
Prince Karim Aga Khan succeeded his grandfather as imam of the Ismaili Muslims in 1957 at the age of 20.
The prince had an estimated fortune of $1bn (£801m) in 2008, according to Forbes magazine. His inherited wealth was boosted by numerous business interests, including horse-breeding.
He became a leading owner and breeder of race horses in the UK, France and Ireland, breeding Shergar, once the most famous and most valuable racehorse in the world.
He owns many universities and educational institutions around the world.
He founded the Nation Media Group, which has become the largest independent media organisation in east and central Africa.
Pakistan’s Prime Minister Shehbaz Sharif paid tribute to the prince describing him as a “man of vision, faith, and generosity” and a “remarkable leader”.
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