Prince Shah Karim Al Hussaini, Aga Khan IV, KBE (Persian: شاه کریم حسینی، آقاخان چهارم, Urdu: شاه کریم حسینی، آقاخان چهارم; Aga Khan is also transliterated as Aqa Khan and Agha Khan) was born on 13 December 1936, in Geneva, Switzerland. He is a British business magnate, racehorse owner and breeder, as well as being the 49th and current Imam of Nizari Ismailism, a denomination of Ismailism within Shia Islam consisting of an estimated 25-30 million adherents (about 20% of the world's Shia Muslim population). He has held this position of Imam, under the title of Aga Khan IV, since 11 July 1957, when, at the age of 20, he succeeded his grandfather, Sir Sultan Muhammad Shah Aga Khan III. The Aga Khan claims to be a relative of the Islamic prophet Muhammad through Muhammad's cousin and son-in-law, Ali, considered the first Imam in Shia Islam, and Ali's wife Fatima az-Zahra, Muhammad’s daughter from his first marriage. In 1986 the Aga Khan ordained the current version of the Ismailia Constitution – an ecclesiastical decree affirming to Nizari Ismailis his "sole right to interpret the Qur'an and provide authoritative guidance on [all] matters of faith" and formalising his sole discretion, power and authority for the governance of Nizari Ismaili jamats (places of worship) and institutions.