Prince Karim Al-Hussaini, also known as Aga Khan IV, one of the wealthiest individuals in the world, died on February 4, 2025, at the age of 88. He died in Lisbon, Portugal, surrounded by his family.
As the 49th hereditary Imam of the Ismaili Muslims, he dedicated much of his life to improving the quality of life for people around the globe.
His philanthropic efforts were primarily carried out through the Aga Khan Development Network (AKDN), which operates in over 30 countries.
Through AKDN, Aga Khan IV focused on various sectors, including healthcare, education, cultural preservation, economic growth, and social development.
He established hospitals and clinics to provide quality healthcare, built schools and universities to enhance educational access, restored historic sites to preserve cultural heritage, initiated economic development projects, and promoted social inclusion through various community programs.
In addition to his philanthropic work, Aga Khan IV amassed a substantial portfolio of properties, including luxury hotels, real estate, private estates, and investments in the tourism sector.
Below is a list of some key properties owned by the Aga Khan in Kenya and beyond:
Communications and Media Company Owned by Aga Khan
- Nation Media Group: Founded in 1959, Nation Media Group is East Africa’s leading independent media organization, owning influential publications and broadcasting outlets such as Daily Nation, Sunday Nation, Business Daily, and NTV Kenya. Listed on the Nairobi Securities Exchange, NMG also has subsidiaries in Uganda.
Also Read: Aga Khan Dies Aged 88
Banking and Finance
Aga Khan IV had significant investments in the banking and finance sector, including:
- Diamond Trust Bank (DTB) Kenya Ltd – Nairobi (Banking)
- Jubilee Holdings Ltd – Nairobi (Life and General Insurance)
Hospitality and Tourism
Aga Khan IV owned a majority stake in Serena Hotels through his investment company TPS Eastern Africa, after purchasing an additional 2.42% stake.
Some of the notable hotels under Serena Hotels include:
- Nairobi Serena Hotel – A 400-bed luxury hotel in Nairobi.
- Amboseli Serena Safari Lodge – Situated in Amboseli National Park.
Industries
Aga Khan IV also had investments in various industries, including manufacturing, agribusiness, and industrial development:
- Industrial Promotion Services (Kenya) Ltd – Nairobi (Development Institution)
- Allpack Industries Ltd – Nairobi (Manufactures high-quality corrugated carton packaging and polypropylene bags)
- Alltex EPZ Ltd – Nairobi (Garment manufacturing)
- Botanical Extracts EPZ Ltd – Athi River (Production of Artemisinin)
- Farmer’s Choice Ltd – Nairobi (Meat processing)
- Frigoken Ltd – Nairobi (Vegetable processing for export)
- Kamyn Industries Ltd – Mombasa (Hosiery manufacturing)
Hospitals
Aga Khan IV established and supported numerous hospitals and medical institutions under the Aga Khan Health Services (AKHS) and Aga Khan University (AKU). Some of the most notable hospitals include:
- Aga Khan University Hospital, Nairobi
- Aga Khan University Hospital, Karachi
- Aga Khan University Hospital, Kampala
- Aga Khan Hospital, Dar es Salaam
- Aga Khan Hospital for Women, Karimabad
- Aga Khan Hospital, Kisumu
- Aga Khan Hospital, Mombasa
Education
The Aga Khan Development Network (AKDN) manages several educational institutions, including schools, academies, and universities.
Also Read: Aga Khan Hospital Launches Home Care Services
Universities
- Aga Khan University (AKU), Nairobi
Schools
- Aga Khan Academy, Nairobi – An International Baccalaureate (IB) World School offering academic, athletic, and enrichment programs.
- Aga Khan High School, Nairobi – A prestigious high school in Nairobi, Kenya.
- Aga Khan High School, Mombasa – A top secondary school in Mombasa, Kenya.
- Aga Khan Nursery School, Eldoret – A well-known nursery school in Eldoret, Kenya.
International Properties and Investments
Beyond business and philanthropy, Aga Khan IV owned luxurious personal assets, including:
- Alamshar – A superyacht worth approximately £200 million.
- Bombardier Global 7500 – A private jet.
- A private island in the Bahamas.
- Lavish stables in Chantilly, France.
Afghanistan
- Telecom Development Company Afghanistan LLC (operating under the Roshan brand – GSM Mobile Telecommunications) – Kabul.
India
- DCB Bank Ltd – Mumbai (Banking)
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