Tuesday, February 04, 2014
Nelson Mandela's will read. He was worth $4.1 million
The former South African president has divided up his $4.1 million estate between family members, staff and the ruling African National Congress.
His third wife, Graca Machel, has been named as the main beneficiary of the will because of the South African marital law according to executor, Deputy Chief Justice Dikgang Moseneke.
She is therefore entitled to 50 per cent of his estate, which has been provisionally valued at 46 million rand ($4.1 million), excluding royalties.But it is believed to have been accepted by his family with no contest so far.
As the main beneficiary, Ms Machel must claim her half of the estate within 90 days, said Moseneke.
Full details of the will
-Wife Graca Machel, who is entitled to 50 percent of his estate, worth at least $4.1 million. She is likely to waive that right in favour of receiving four properties in Mozambique, cars, art work, jewellery and other assets.
-Mandela's children each get around $300,000, or if they borrowed that amount from him during his lifetime, have their debts annulled.
-Ms Machel's children, Josina Machel and Malengane Machel, each get around $270,000.
-Mandela's four grandchildren via late son Makgatho will each receive $300,000 and will have the use of his home in Houghton, Johannesburg.
-The African National Congress (ANC), gets between 10 to 30 percent of royalties from his various projects.
-Mandela's home in his boyhood village of Qunu will be made available to the Mandela family, as well as widow Ms Machel and her two children.=Grandchildren from his first marriage to Evelyn Mase and second marriage to Winnie Madikizela-Mandela each get $9,000. It was not immediately clear if anything had been bequeathed to Winnie.
-Staff members, including long time personal assistance Zelda la Grange, get $4,500 each.
-Schools and universities he attended and shaped his political life were each granted $9,000.