Rahim Al-Hussaini was named Wednesday as the new Aga Khan, spiritual leader of the world's millions of Ismaili Muslims. The 53-year-old succeeds his father, who died on Tuesday.

The Tuesday death of the Aga Khan, the spiritual leader of the world’s millions of Ismaili Muslims, and the Wednesday announcement of his successor struck a deep chord with Houston’s sizable Ismaili Muslim community.

At the age of 20, Prince Karim Al-Hussaini inherited the reins of a Shia Muslim lineage and used his entrepreneurship to become one of the world’s richest hereditary rulers.