In brief
On February 5, 2025, it was officially announced that Prince Rahim Aga Khan has become the new leader of the Ismaili Muslim community, succeeding his father, Aga Khan IV. This succession was revealed posthumously following the unsealing of the late leader's will. The Aga Khan IV, a prominent billionaire and philanthropist, passed away at the age of 88.
Prince Rahim, now Aga Khan V, assumes leadership of a community that traces its lineage back to the Prophet Muhammad, comprising approximately 12 to 15 million followers across 35 countries, including regions in Syria, Afghanistan, and Pakistan. The Aga Khan family's wealth is significant, with estimates of their fortune ranging from $1 billion to $13 billion, which comes from diverse ventures, including airlines, racing, and media.The late Aga Khan IV, known for his extensive philanthropic efforts and friendships with global elites, leaves behind a legacy intertwined with humanitarian initiatives that include hospitals and educational institutions. The recent appointment of Prince Rahim reinstates a traditional succession path that reflects the values of their heritage. His grandfather, the Aga Khan III, previously chose a young leader over other candidates in 1957, aiming to adapt to modern challenges. At that time, Prince Rahim was a 20-year-old student studying Islamic history at Harvard, preparing for this pivotal role.
