Nelson Mandela’s will read: was worth $4.1million

The will of former South African President and world hero, Nelson Mandela was read to his family members today February 3rd.

Reading the 40 page will, Deputy Chief Justice Dikgang Moseneke said Mandela’s third wife, Graca Machel, is entitled to half the estate under South African marital law but could waive her claims and opt for specified assets that include properties in her native Mozambique. Machel has not made a decision on whether to weave her rights, Moseneke said.

The will directs that each of his children and some of his grand-children are to receive $300,000. His upscale Johannesburg house, where he spent most of his life after being freed from apartheid prison, would be home to his deceased son Makgatho’s children.

His longtime domestic staff including his personal assistant, Zelda Le Grange, also shared in the fortune with 50,000 rand each.
Mandela’s Political Party, the ANC, is to receive royalties from his political books and testimonial adverts. The monies is expected to help propagate the ideologies of the party.

Local Schools in South Africa he attended as well as the Wits and Fort Harte Universities also benefited from his will as funds were provided which would be given as bursary and scholarship to students.

The will, which was first written in 2005 and amended in 2008, is open for contest within 90 days.

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Posted on February 4, 2014, in General. Bookmark the permalink. Leave a comment.

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