The Aga Khan IV, who died last week at the age of 88, was considered one of the wealthiest (and one of the best-connected) royals in the world. Now his son, Prince Rahim Al-Hussaini, has acceded to th

Prince Rahim succeeds his late father, Prince Karim Aga Khan IV, who passed away on February 4 at the age of 88

From energy to manufacturing, and media to agriculture, the Aga Khan’s investments in Africa extend well beyond philanthropy.

The accession ceremony of  Prince Rahim al-Hussaini Aga Khan V as the 50th hereditary Imam of the Shia Ismaili Muslims was held on Tuesday, February 11, in Lisbon, Portugal. The private religious ceremony at the Diwan of the Ismaili Imamat,

Last week, Prince Rahim al-Hussaini ’95 was named the spiritual leader of millions of Ismaili Muslims after his father, the former leader, passed away on Feb. 4. Al-Hussaini is now Aga Khan V, a title given to the 50th imam of the Nizari Ismaili branch of Shia Islam.

His Highness Prince Rahim Aga Khan V on Tuesday received global leaders of the Shia Ismaili Muslim community at his accession Ceremony. The event took place at the Diwan of the Ismaili Imamat in Lisbon, Portugal. The Accession Ceremony marks the formal assumption by the Shia Ismaili Imam, of his role, following the passing of his predecessor.

Rahim Al-Hussaini was named Wednesday as the new Aga Khan, spiritual leader of the world’s millions of Ismaili Muslims, following the death of his father.

Rahim Al-Hussaini was named Wednesday as the new Aga Khan, spiritual leader of the world's millions of Ismaili Muslims. The 53-year-old succeeds his father, who died on Tuesday.

“Prince Rahim Al-Hussaini Aga Khan V was today named the 50th hereditary Imam (spiritual leader) of the Shia Ismaili Muslims, following the unsealing of the Will of his late father, Prince Karim Al-Hussaini Aga Khan IV, who died in Lisbon, Portugal yesterday, aged 88,” the statement said.

“Prince Rahim Aga Khan V is the 50th hereditary Imam of the Shia Ismaili Muslims, as designated by his late father, Prince Karim Aga Khan IV, in accordance with historical Shia Imami Ismaili tradition,” read a communique from the Diwan of the Ismaili Imamat.