The Aga Khan IV, who died last week at the age of 88, was considered one of the wealthiest (and one of the best-connected) royals in the world. Now his son, Prince Rahim Al-Hussaini, has acceded to th

LISBON, Portugal (AP) — Rahim Al-Hussaini was named Wednesday as the new Aga Khan, spiritual leader of the world’s millions of Ismaili Muslims, following the death of his father. The Aga Khan is considered by his followers to be a direct descendant of the Prophet Muhammad and is treated as a head of state.

Following the death of his father the Aga Khan IV, Prince Rahim Al-Hussaini has been announced as the new Aga Khan—the spiritual leader of the world’s Ismaili Muslims, a branch of Shia Islam. He was designated as Aga Khan V in his father’s will,