Mandela's estate worth estimated $4.1 million, leaves it to family, staff and ANC

  • AFP, Johannesburg
  • |
  • Updated: Feb 03, 2014 19:55 IST
  • Nelson Mandela

    File photo: South Africa's first black president Nelson Mandela revisits his prison cell on Robben Island, where he spent eighteen of his twenty-seven years in ...

  • Nelson Mandela

    File photo: Nelson Mandela leans forward to kiss his wife Winnie Madikizela-Mandela at a rally held in Khayelitsh in March 1990. (Getty Photo)

  • Nelson Mandela

    File photo: Former South African president Nelson Mandela and his wife, Graca Machel attend the unveiling of his statue in Parliament square on August 29, ...

  • Nelson Mandela

    File photo: Nelson Mandela, former South African persident and leader of the African National Congress (ANC), adopts a boxing pose, wearing shorts, t-shirt and boxing ...

  • Nelson Mandela

    Former South African president Nelson Mandela smiles as he formally announces his retirement from public life at his foundations offices in Johannesburg, June 1, 2004. ...

  • Nelson Mandela with Bill Clinton

    Former US president Bill Clinton and former South African president Nelson Mandela peer through the bars of the cell in which Mandela spent 17 years ...

  • Nelson Mandela with Oprah Winfrey

    US talk show personality Oprah Winfrey with former South African president Nelson Mandela during the Agenda for Earth Turning Ceremony for The Oprah Winfrey Leadership ...

  • Nelson Mandela

    File photograph of Nelson Mandela and his bride Winnie on their wedding day. Anti apartheid campaigner Mandela was imprisoned for 27 years. (Reuters)

  • Nelson Mandela

    A young Nelson Mandela, pictured in the early 60's before he was sentenced to life imprisonment for sabotage. He was sentenced in June 1964 during ...

  • Nelson Mandela

    Former South African president Nelson Mandela guides late Pope John Paul II (R) after they met at Johannesburg International Airport September 16, 1994 during the ...

Nelson Mandela left portions of his roughly $4.1-million estate to his wife Graca Machel, family members, staff, schools and the ANC, according to a summary of his will released Monday.

Two months after the death of the 95-year-old South African statesman, lawyers said wife Graca was entitled to half the estate, but may opt to receive only specified assets, including four properties in Mozambique.

Royalties from his books and other projects, as well as his homes in Johannesburg, Qunu and Mthatha were left to a family trust.

The home in Houghton, Johannesburg where Mandela died on December 5 will be used by the family of his deceased son Makgatho.

"It is my wish that it should also serve as a place of gathering of the Mandela family in order to maintain its unity long after my death," the former statesman wrote.

Remembering Madiba, all steel and gentleness | The journey: 1918-2013

Dikgang Moseneke (C) and George Bizos (R), executors of the Nelson Mandela estate at a press conference, two months after the revered statesman's passed away. (AFP)

Mandela's children each received $300,000 in loans during his lifetime and will have that debt scrapped if it has not been repaid.

Mandela's other bequeathments reflected a life in politics and championing education.

Mandela gave around $4,500 each to members of staff, including long-time personal aide Zelda la Grange.

In pics: Mandela's Indian connect | HT Edit: the man who belongs to the ages 

The will also gave around $90,000 each to Wits and Fort Hare Universities, and the same amount to three other schools.

The African National Congress, which Mandela led to victory in the first democratic elections in 1994, will receive a portion of his royalties.

A file photo shows former South African President Nelson Mandela during a press conference in Johannesburg. (AFP)

The will was first written in 2004 and last amended in 2008.

Even before his death, Mandela's children and grandchildren frequently clashed over who leads the family and who should benefit from his investments

Executor Dikgang Moseneke, the deputy head of South Africa's Constitutional Court, said the reading of the will to the family had been "charged with emotion" but no one had yet contested it.

Nelson Mandela special: Full Coverage | Mandela laid to rest at state funeral

This file photo from 1994 shows Nelson Mandela waving to his supporters. (AP Photo/The Star Tribune, Jerry Holt, File)

 

also read

Myanmar rejects being 'singled out' by UN at migrant crisis talks

blog comments powered by Disqus