Prince Rahim is appointed to the next Aga Khan who is following his father

Prince Rahim, a son of Aga Khan IV, was named As his successor Wednesday, inheriting the role of the spiritual leader of millions of Ismaili -Muslims worldwide.

The late Aga Khan, 88 – a billionaire known for both his entrepreneurship and his philanthropy – died on Tuesday. Prince Rahim was appointed to his successor according to his will. Aga Khan Development Network.

Prince Rahim, who is Aga Khan V, will take the reins of a Shiite Muslim descent claiming descent from the Prophet Muhammad. Ismaili Muslims, who number 12 million to 15 million, live in more than 35 countries, including Syria, Afghanistan, Pakistan and Tajikistan.

His family and Ismaili institutions are astonishingly wealthy: Estimates of wealth have ranged from $ 1 billion to $ 13 billion, with various possessions ranging from airlines to race horses to newspapers. Aga Khan IV was one of the world’s richest hereditary rulers, where some of the money came from a kind of tithe that was charged to his followers.

He was known as a jet setter who bred horses and was friends with royalty. But the family and the Ismaili community are also known for operating humanitarian institutions around the world, including hospitals and universities.

By naming his son as his successor, the late Aga Khan has adapted to the family with tradition.

His grandfather, Aga Khan III, jumped over other descendants in 1957 to name him as a successor and pointed to the need for a young man’s mindset to meet a rapidly changing world. At that time, his grandson was a 20-year-old student in Islamic history in Harvard.