The mysterious Prince Karim to Hussaini died on February 4, and left a vast fortune of which there are not even details about his magnitude. How did you create your empire and who will your heir?
The death of the prince Karim al Hussainiknown as the AGA KHAN IVoccurred on February 4, not only marked the end of an era for the Ismaelite community, but also raised questions about its succession and the reach of its vast fortune.
A designated successor and an incalculable fortune
Following the tradition of the dynasty, the Aga Khan IV left stipulated in his will that his eldest son, the prince Rahim, 53 years old, it would be his successor. With this decision, it becomes the Aga Khan V and assumes the leadership of a community that covers 15 million followers in more than 35 countries.
However, the other big question still does not answer: what is the real magnitude of the fortune of the Aga Khan IV? According to The New York Times, Its richness ranges between 1,000 and 13,000 million dollars, from investments in various sectors such as hotel, aviation, telecommunications and raising career horses, in addition to a tithe system contributed by its followers.
An empire without borders
Although Not having fought dominion over a political territoryAGA Khan IV was treated as a head of state on his trips, with an influence comparable to that of large monarchs. Its fortune was based on a complex financing structure, headed by the AGA Khan Development Network (AKDN), an organization with a presence in more than 30 countries and an annual multimillionaire budget.
Created in 1967, the AKDN has a global reach in sectors such as health, education and economic development. It manages hospitals, universities and housing projects, which has led it to be compared to the UN for its impact and operation. In addition, the organization also manages for profit investments, which in 2021 generated income of more than 4,000 million dollars.
Expansion and political power
The Aga Khan IV not only focused on philanthropy and business, but also knew how to exert a notable political influence. In the 70s, he negotiated with the Government of Canada the reception of thousands of Muslims Ismaelitas exiled from Uganda. In the 90s, he invested in Tayikistan during his civil war and in 2015 he signed an agreement with Portugal to establish in Lisbon the headquarters of his imanato.
A successor with a monumental challenge
The new Aga Khan, Prince Rahim, will formally assume on February 11 in Lisbon. Educated in Switzerland, the United States and Spain, she has worked for years at the AKDN with her brothers, Princess Zahra and Prince Hussain. His leadership will be marked by the continuity of his father’s work, balancing the management of a multimillion -dollar fortune with his role as spiritual leader.
Prince Rahim faces the challenge of managing a complex economic and social legacy, maintaining the influence of his dynasty in an increasingly interconnected and competitive world. Meanwhile, the exact fortune of the Aga Khan IV is still involved in the same mystery that has surrounded its dynasty for centuries.
Source: Ambito
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