THE man dubbed the world’s most elusive billionaire, Karim Aga Khan IV, has died aged 88.
Khan, known best as a spiritual leader, passed away surrounded by his family earlier today as tributes pour in for the beloved racing mogul.
Karim Aga Khan IV has died aged 88[/caption]
The Aga Khan Development Network, which works across 30 countries around the world, announced the proud British citizen’s death online.
They said he passed away peacefully in Lisbon on February, 4.
The company left a tribute saying: “Leaders and staff of the Aga Khan Development Network offer our condolences to the family of His Highness and to the Ismaili community worldwide.
“As we honour the legacy of our founder, Prince Karim Aga Khan, we continue to work with our partners to improve the quality of life for individuals and communities across the world, as he wished, irrespective of their religious affiliations or origins.”
Khan spent most of his life out of the limelight but he was the spiritual leader of around 12 million people from the Ismaili sect of Islam.
Some of his followers believed he was a direct descendent of the Prophet Mohammed through his daughter, Hazrat Bibi Fatima, and the Prophet’s cousin and son-in-law, Hazrat Ali.
He inherited the title of the 49th Imam of the Shia Imami Ismailis in 1957 when he was just a 20-year-old student at Harvard.
At the time of his death he was believed to have been worth over £11 billion.
His vast wealth was mainly used for philanthropic purposes but also helped him to indulge in his love of racing.
He was the owner of one of horse racing’s most famous ever animals in Shergar who won the Epsom Derby, Irish Derby and the King George.
Khan also owned racehorses Zarkava and Sinndar with the trio making him one of the world’s most successful racing magnates.
The billionaire even brushed shoulders with some of Britain’s most notable faces in his life.
He was an old friend with the late Queen Elizabeth II with the monarch even bestowing the title of “His Highness” on the Aga Khan when he became leader of the Ismaili Muslims.
Queen Elizabeth also hosted the Aga Khan and his family at Windsor Castle to celebrate his Diamond Jubilee.
The event marked a celebration between the Ismaili Imamat and the British Monarchy.
In 2004, he was even appointed Knight Commander of the Most Excellent Order of the British Empire.
The Aga Khan, second from left, celebrates winning the Prix de Diane in 2012[/caption]
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