Prince Karim Aga Khan passes away in Lisbon at age 88

Prince Karim Aga Khan IV, the spiritual leader of the Ismaili community and philanthropist, passed away in Lisbon on Tuesday. He was 88.A notice on the website of the Aga Khan Development Network – the development organization he founded – announced his death, saying that he “passed away peacefully in Lisbon on 4 February 2025… surrounded by his family”.It said: “His Highness Prince Karim Al-Hussaini, Aga Khan IV, 49th hereditary Imam of the Ismaili community, passed away peacefully in Lisbon on 4 February 2025, aged 88, surrounded by his family.”Prince Karim Aga Khan was the founder and chairman of the Aga Khan Development Network.”The announcement of his designated successor will follow.”Leaders and staff of the Aga Khan Development Network offer our condolences to the family of His Highness and to the Ismaili community worldwide.”As we honor the legacy of our founder, Prince Karim Aga Khan, we continue to work with our partners to improve the quality of life for individuals and communities across the world, as he wished, regardless of their religious affiliations or origins.”The Aga Khan, who inherited his title of the 49th Imam of the Ismaili community in 1957 at the age of 20, was believed to have been worth over £11bn at the time of his death.He was born in Switzerland and spent much of his later life in France, although he had British citizenship.He was an old friend of the late Queen Elizabeth II, who had bestowed on him the title of His Highness when he became the leader of the Ismaili Muslims.Much like the late royal, the Aga Khan was a huge fan of horse racing and owned various horses.These included the famous Shergar, who was stolen by gunmen in Ireland in 1983 and never seen again.He is survived by his children Princess Zahra, Prince Rahim, Prince Hussain and Prince Aly Muhammad, and four grandchildren.