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

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.

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.

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

Prince Rahim Al-Hussaini has been named the new Aga Khan, spiritual leader of millions of Shia Ismaili Muslims around the world. He will take on the role from his father Prince Karim Aga Khan, who died on Tuesday at the age of 88.

Hussaini, will oversee the plans to open the million-dollar Ismaili Muslim community hub after his father's recent passing.

Prince Rahim Al-Hussaini has been named the new Aga Khan, becoming the spiritual leader of millions of Shia Ismaili

“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.

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. The 53-year-old was designated as the Aga Khan V,

Following the death of his father the Aga Khan IV, Prince Rahim Al-Hussaini has been announced as the new Aga Khan—the spiritual leader of the world’s Ismaili Muslims, a branch of Shia Islam. He was designated as Aga Khan V in his father’s will, which was unsealed yesterday.