Aga Khan, Spiritual Leader and Philanthropist, Passes Away at 88

Aga Khan's legacy of philanthropy and commitment to social development leaves an indelible mark worldwide.

Billionaire philanthropist and revered spiritual leader, the Aga Khan, has passed away at the age of 88, according to a statement by the Aga Khan Development Network. The news was shared on social media, noting that Prince Karim Aga Khan "passed away peacefully" in Lisbon, Portugal, in the company of his family.

As the 49th hereditary imam of the Ismaili Muslims, a Shia sect claiming descent from the Prophet Muhammad, his death is a significant loss to a community with approximately 15 million adherents across the globe, including Pakistan, India, Afghanistan, and various African nations. Born in Switzerland, he held British citizenship and maintained residences in France and a private island in the Bahamas.

The Aga Khan Development Network expressed its condolences to the family and the global Ismaili community, saying it would uphold the late leader's vision of improving lives across different cultures and faiths. King Charles, a long-time friend of the Aga Khan, is reportedly saddened by his passing and has reached out to the family privately.

His philanthropy extended to hundreds of hospitals, educational institutions, and cultural projects primarily in developing countries. The Aga Khan's estimated net worth was around $1 billion in 2008, derived from a variety of business investments, including his notable work in horse-breeding.

International figures have paid tribute to the Aga Khan, with Pakistan's Prime Minister Shehbaz Sharif describing him as a visionary leader committed to alleviating poverty and promoting gender equality. Malala Yousafzai, Nobel laureate and education activist, acknowledged his lasting impact on education and health around the world. UN Secretary-General Antonio Guterres recognized him as a beacon of peace and tolerance in a troubled world.

In addition to his humanitarian efforts, the Aga Khan was renowned for his achievements in horse racing, having bred the celebrated racehorse Shergar, who won the Derby at Epsom in 1981. Although Shergar was kidnapped in 1983, the Aga Khan's passion for horse breeding held strong throughout his life, and he enjoyed further success with other champions.

The Aga Khan Development Network announced that a successor will inherit the position of imam shortly, marking a new chapter in the legacy of this respected leader.