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

Fri May 02 2025 16:13:08 GMT+0300 (Eastern European Summer Time)
Aga Khan, Billionaire Philanthropist and Spiritual Leader, Passes Away at 88

The Aga Khan, revered figure and leader of the Ismaili Muslims, dies in Lisbon, leaving a monumental legacy in philanthropy and culture.


The Aga Khan Development Network announced the passing of Prince Karim Aga Khan, the 49th hereditary imam of the Ismaili Muslims, at the age of 88. Known for his philanthropic endeavors, the Aga Khan died peacefully in Lisbon, surrounded by family, as expressed in a heartfelt statement from his charity.

Born in Switzerland and holding British citizenship, the Aga Khan was a prominent figure in both the spiritual and philanthropic realms. King Charles has expressed sadness over his friend's death, reflecting on their long-standing relationship. The Aga Khan's charities significantly impacted the lives of many, establishing hundreds of hospitals and educational institutions, particularly in developing countries. His vast wealth allowed him a luxurious lifestyle, including ownership of a private island, luxurious yacht, and jet.

The Aga Khan Development Network extended condolences not just to his family but also to the global Ismaili community, affirming its commitment to continuing the humanitarian missions he championed. It is anticipated that his successor will be announced soon, continuing the leadership of the approximately 15 million Ismaili Muslims worldwide, with significant populations in Pakistan, India, and Africa.

First assuming the role of imam in 1957 at only 20 years old, his contributions to society were manifold. Forbes previously estimated his fortune at $1 billion, which stemmed from various business interests, including horse-breeding. He was instrumental in founding the Aga Khan Foundation, and various prestigious institutions honor his name, including a university in Karachi.

Tributes poured in from around the globe, including Pakistan's Prime Minister Shehbaz Sharif, who praised his vision and humanitarian efforts, and activist Malala Yousafzai, who highlighted his contributions to education. UN Secretary-General Antonio Guterres described him as a beacon of peace and compassion.

In addition to his global humanitarian impact, the Aga Khan's legacy extends deeply into the world of equestrian sports, most notably as a leading racehorse owner and breeder, achieving considerable acclaim in the field. Notably, his horse Shergar made history by winning the Derby in 1981 but was tragically kidnapped two years later and has remained missing ever since. The Aga Khan’s love for racing continued despite the loss, as he relived and celebrated his horses' victories over the years.

His departure marks a significant moment not just for the Ismaili community but for a world that benefitted immensely from his vision and contributions.

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