Who is Aga Khan IV?
Prince Shah Karim Al Hussaini, Aga Khan IV, is the 49th hereditary Imam (Spiritual Leader) of the Shia Ismaili Muslims. He was born in December 1936. He was married to Inaara Aga Khan and Salimah Aga Khan. He has 4 children (Rahim, Hussain, Zahra, Prince Aly Muhammad).
He is a descendant of the Fatimids. The Egypt-based dynasty that founded Cairo. And ruled much of North Africa and the Middle East. From the tenth through the twelfth centuries. The Aga Khan retains the hereditary title of “Prince”.
The title dates to 1818. When Hassan Ali Shah, the 46th Ismaili Imam, was granted the honorary hereditary title of “Aga Khan” by the Shah of Persia. The title “His Highness” was granted by Her Majesty the Queen of Great Britain in 1957.
Shia Ismaili Religion
It is believed that the Aga Khan is a direct lineal descendant of the Islamic prophet Muhammad. Through Muhammad’s cousin and son-in-law Ali (considered the first Imam in Shia Islam), and Ali’s wife Fatima az-Zahra. She is Muhammad’s daughter from his first marriage.
In 1986 he ordained the current version of the Ismailia Constitution. An ecclesiastical decree affirming to Nizari Ismailis his “sole right to interpret the Qur’an. And provide authoritative guidance on [all] matters of faith” . And formalizing his sole discretion, power, and authority.
Aga Khan Foundation
He is the founder of the Aga Khan Development Network, which spends US$ 600 million a year on good causes.
Founded and guided by His Highness the AK Development Network (AKDN) brings together a number of development agencies, institutions, and programs. That works primarily in the poorest parts of Asia and Africa.
A central feature of the AKDN’s approach to development is to design and implement strategies. In which its different agencies participate in particular settings. To help those in need achieve a level of self-reliance and improve the quality of life.
Aga Khan Net Worth
He has an estimated net worth of US$ 800 million. (Although some media claim a multiple of this amount).