KARIM AGA KHAN IV, THE FOUNDER OF COSTA SMERALDA, DEAD AT 88
The esteemed leader passed away peacefully, leaving behind a monumental legacy of philanthropy and tourism development.
Karim Aga Khan IV, the 49th Imam of the Ismaili Muslims and the visionary behind the Costa Smeralda, died on February 4, 2025, at the age of 88. His passing was confirmed by the Aga Khan Development Network and took place at his residence in Lisbon, surrounded by family.
The Aga Khan’s life was characterized by his dual role as both an influential leader of the Ismaili community and a prosperous businessman. His net worth was estimated at around $13 billion, and he played pivotal roles not only as an entrepreneur but also as a philanthropist, impacting millions worldwide through various development initiatives.
Karim Aga Khan was born on December 13, 1936, near Geneva, Switzerland. He spent part of his childhood in Nairobi, Kenya, where he later established Aga Khan Hospital. Educated at prestigious institutions including Harvard University, he took on the mantle of leadership of the Ismaili community after being designated as successor to his grandfather. He became the Aga Khan IV on October 19, 1957, marking the beginning of influential leadership.
One of his most notable achievements came on March 14, 1962, when he founded the Costa Smeralda Consortium, transforming the northeast coast of Sardinia. The region has since become a premier luxury destination, drawing high-profile tourists and redefining the tourism model for the area. His vision included environmental stewardship alongside tourism, ensuring the region's natural beauty would be preserved.
"We have no words. Only one: thank you," commented the Consortium Costa Smeralda, reflecting the gratitude felt by many for the prince's contributions.
Ugo Cappellacci, former president of the Sardinia Region, expressed, "He created a unique destination in the Mediterranean and Europe," emphasizing the lasting significance of Aga Khan's developments which included the construction of the Olbia-Costa Smeralda Airport and the establishment of the Yacht Club Costa Smeralda.
His influence extended beyond tourism; he revolutionized transportation with the founding of the airline Alisarda in 1963, which evolved to become Meridiana. This airline was pivotal for connecting the region to major tourist markets in Italy and abroad, resulting in enhanced accessibility to the beautiful Costa Smeralda.
Despite his immense wealth and success, the Aga Khan was known for his commitment to philanthropy. The Aga Khan Development Network, under his leadership, has funded numerous projects worldwide, focusing on healthcare, education, and economic development, particularly for impoverished communities. His initiatives reached from Bangladesh to Afghanistan and beyond, positively affecting countless lives.
Justin Trudeau, Prime Minister of Canada, expressed condolences, stating, "A global leader extraordinarily compassionate, he will be greatly missed by people worldwide." This sentiment echoes the feelings of many who recognized his unparalleled contributions to society.
Though his legacy is vast, it is the Costa Smeralda project for which he will primarily be remembered. The development has become synonymous with luxury and beautiful landscapes, setting standards for international tourism. His architectural appreciation led to careful planning whereby developments blended seamlessly with the surroundings.
The consortium announced plans for succession shortly after his passing. The organization remains committed to honoring his vision for the future, ensuring his ideals continue to shape their projects and outreach.
Aga Khan IV will be buried in Lisbon, the city where he spent his final years. His legacy, both as the leader of the Ismaili community and as the founder of Costa Smeralda, will live on through the many lives he touched and the communities he uplifted.
His death marks the end of an era, yet his influence will persist, inspiring generations to come. The principles he championed—unity, compassion, and development—will continue to resonate within and beyond the Ismaili community.