Aga Khan, Billionaire Philanthropist and Spiritual Leader, Dies at 88

Prince Karim Aga Khan, the 49th hereditary imam of the Ismaili Muslim community, has died at the age of 88, marking the end of an era for both his followers and the global philanthropy landscape.

Billionaire philanthropist and spiritual leader Prince Karim Aga Khan has passed away at the age of 88, according to a recent announcement from the Aga Khan Development Network. The charity conveyed that he "passed away peacefully" in Lisbon, surrounded by his family. Born in Switzerland, Aga Khan held British citizenship and moved between locations, including a chateau in France. His death has resonated deeply in royal circles, with King Charles III expressing personal sorrow, having maintained a long-standing friendship with the Aga Khan and his late mother, Queen Elizabeth II.

Aga Khan's legacy as a philanthropist involved extensive charitable works through his network, focusing on healthcare, education, and culture, particularly in developing countries. His initiatives have been dedicated to improving lives across diverse communities, irrespective of religious backgrounds. Allegations of a lavish lifestyle accompany his extensive work; the Aga Khan was known for owning a private island, a super-yacht, and a private jet.

Having succeeded his grandfather as imam at just 20 years of age in 1957, Prince Karim oversaw a community estimated at about 15 million Ismailis, with notable congregations in Pakistan, India, Afghanistan, and across Africa. Acknowledged by Forbes as possessing substantial wealth—around $1 billion in 2008—his fortune was attributed to various business interests, including horse breeding, which saw him become a prominent name in international horse racing.

Prominent ventures of the Aga Khan included the founding of the Aga Khan Foundation, several educational institutions in Pakistan, and crucial initiatives within the Aga Khan Trust for Culture, which led to the significant restoration of Humayun's Tomb in Delhi. An annual Aga Khan Award for Architecture signifies his commitment towards advancements in architectural heritage.

The Aga Khan's interests extended to media, where he created the Nation Media Group, now the largest independent media entity in East and Central Africa. His passion for horse racing was underscored by notable achievements, such as the win of his horse Shergar in the 1981 Epsom Derby—a victory he cherished despite the horse having been kidnapped two years later. His memories of racing remained vivid and cherished.

Reflecting on his racing experiences, he commented, "Winning the Epsom Derby is an extraordinary privilege," emphasizing the uniqueness of the triumphs and the emotional impact of losing Shergar. With his passing, the Aga Khan leaves behind a rich legacy of philanthropy, cultural contributions, and a profound impact on his community of followers worldwide.