Ali was admitted to hospital on Thursday suffering from a respiratory illness, a condition that was complicated by Parkinson's disease.
The three-time world champion died at a hospital in the US city of Phoenix, Arizona. His funeral will take place in his home town of Louisville, Kentucky.
The world pays tribute......President Obama said of him: "Muhammad Ali shook up the world. And the world is better for it. We are all better for it"
"He stood with King and Mandela; stood up when it was hard; spoke out when others wouldn't. His fight outside the ring would cost him his title and his public standing," Obama added.
Former US President Bill Clinton once said: "He made it exciting and meaningful again. He was entertaining and when he was younger he was always mouthing. He made it part theatre, part dance and all power."
He also said: Ali possessed "a blend of beauty and grace, speed and strength that may never be matched again".
"We watched him grow from the brash self-confidence of youth and success into a manhood full of religious and political convictions that led him to make tough choices and live with the consequences," he added.
"Along the way we saw him courageous in the ring, inspiring to the young, compassionate to those in need, and strong and good-humoured in bearing the burden of his own health challenges."
Bristish PM, David Cameron said: "Muhammad Ali was not just a champion in the ring - he was a champion of civil rights, and a role model for so many people.
Louisville Mayor pays tribute: Flags were lowered during a memorial service in Muhammad Ali's hometown of Louisville, Kentucky. The Mayor of Louisville, Greg Fischer, also paid tribute to the boxer.
"Imagine that day, that little boy, eyes wide open, looking around the room, not knowing the life that awaited him. The life he would make. The world he would shake up and the people he would inspire," he said.

Former Boxing Champions, Foreman said: "Muhammad Ali made you love him."
"He stood the test. He took everything I had and gave back worse. I loved the man. I wanted to beat him and knock him out but I loved the man."

Don King said: "It's a sad day for life. I loved Muhammad Ali, he was my friend. Ali will never die.
"Like Martin Luther King, his spirit will live on. He stood for the world."
Eight-weight world champion Manny Pacquiao described Ali as a "giant".
"Boxing benefitted from Muhammad Ali's talents but not as much as mankind benefitted from his humanity," the Filipino said.
Floyd Mayweather, a world champion across five divisions, added: "There will never be another Muhammad Ali. The black community all around the world, black people all around the world, needed him. He was the voice for us. He's the voice for me to be where I'm at today."
Mike Tyson twitted that: "God came for His Champion. So long great one."Amir Khan said: "RIP. The Greatest of all Time"

Barry McGuigan, former world featherweight champion, said: "Everybody wanted to box because of him. He was just so amazing in every way. More than anything else, it was how humble and how brilliantly charismatic he was.
"He was a beautiful-looking man, a beautiful-looking individual and he had so much compassion. He was the greatest sportsman there has ever been and we were very lucky that he chose boxing."
World cruiserweight champion Tony Bellew described Ali as "the ultimate hero".
"It's heartbreaking news to wake up to. The greatest sportsman of all-time in my opinion. He transcended the sport and this is a sad day," he said.
"I hope something can be named after him. He can never be replicated."
Former world super-middleweight and light-heavyweight champion Joe Calzaghe said Ali was his "inspiration".
"People loved him, he was someone completely different, he backed it up in the ring and everybody wanted to tune in and watch him fight," the Welshman said.
"There'll never be another Muhammad Ali. He was a superstar."
Wladimir Klitschko pays tribute to Muhammad Ali: "His inspiration will live with us for ever"

Still many more pays their tribute to ''The Greatest".......
we say REST IN PEACE...Muhammad Ali
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