Mandela leaves $4m estate to family, ANC

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Nelson Mandela

JOHANNESBURG — Former South African President Nelson Mandela has left his $4,1 million estate to family members, the ruling African National Congress (ANC), former staff and several local schools, according to a reading of his will on Monday.

Deputy Chief Justice Dikgang Moseneke told reporters the division of the estate – provisionally valued at 46 million rand excluding royalties — had been accepted by Mandela’s family earlier on Monday with no contestation so far.

Mandela’s third wife, Graca Machel, may waive her claims to the estate but has not done so yet, Moseneke said at a news conference where he summarised parts of Mandela’s 40-page will.

Moseneke said some of the estate would be split between three trusts set up by Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren.

The reading of Mandela’s will was expected to set off another round of squabbling among members of his large and factious family over the anti-apartheid hero’s financial legacy.

Mandela, who died in December at the age of 95, left behind an estate that includes an upscale house in Johannesburg, a modest dwelling in his rural Eastern Cape home province and royalties from book sales, including his autobiography, Long Walk to Freedom.

More visibly, his legacy includes a potent political and moral brand that some of his grandchildren and great-grandchildren have already used to market everything from clothing to reality TV.

Some of his grandchildren have started a line of caps and sweatshirts that feature his image under the brand Long Walk to Freedom. Two of his US-based granddaughters starred in a reality television show called Being Mandela.

Such aggressive marketing — as well as reports of fighting among family members over Mandela’s money — have fuelled the impression in South Africa that some of the family members have exploited their famous relative. — Reuters

16 COMMENTS

  1. just before I saw the receipt which had said $6924 , I be certain …that…my best friend woz truly erning money in their spare time on their apple laptop. . there mums best friend has done this 4 only nineteen months and at present repaid the loans on their home and bought a new BMW 5-series . this link,,,,,,,,,,,,,,,,,,,, http://WWW.Works6.COM

  2. its amazing that mandela’s estate is $2million LESS than CASHBERT annual salary at cash strapped PSMAS talk of ridiculous things, Its even less than the $5million bob paid for his kidz hous rent in Hong Kong.

  3. Last tym i checked it was still 45 million and his other kids and step kids have been given 3 million each among other things and money aswell

  4. Mandel was a great man. A former President leaving only $4 million. How much would Mugabe and Grace leave behind them.

    • Mandela never ceize to amaze with that immense life sacrifice and that huge global appeal he leaves a very modest wealth. I wld have placed a $ 4 billion price tag on his wealth but his will has reaffirmed his exceptional unique leadership qualities. Can someone tell me how much gaddaff left behind. With cashbert dube salary MANDELA will turn in his grave.

  5. What a load of lies! How can you exclude “Royalties Accrued Over Time” and then conclude that Mandela’s Estate was worth only $4m! It was worth BILLIONS and The Truth will out!

  6. Mandela never ceize to amaze with that immense life sacrifice and that huge global appeal he leaves a very modest wealth. I wld have placed a $ 4 billion price tag on his wealth but his will has reaffirmed his exceptional unique leadership qualities. Can someone tell me how much gaddaff left behind. With cashbert dube salary MANDELA will turn in his grave.

    • They excluded “ROYALTIES ACCRUED OVER TIME” in coming up with this fictitious figure of $4million for the gullible like you! His Estate is worth Billions of Rands! Graca will pocket Millions of Dollars as benefeciary of many Life Policies! Don’t be such a fool!

  7. thats a false figure we all know that very well.trying to create a picture potraying mandela as a jesus his empire is worth billions komaitwa seiko
    plus hondo chaiyo iri muzhira vachati vobayana zvavo vazukuru kunyanya mirai muone kani kukara

  8. Mandela is no saint vanhuwe! How can he not leave anything for Winnie, the woman he made most of that wealth with? And his children get nothing as well! What a cruel man!

  9. I thought Mandela would donate or leave something for the DA in his will?? These folks appear as if Mandela was now one of their own and not one from the ANC… One can draw parallels with one Joshua Nkomo from Zimbabwe…

  10. As the dysfunctional family fights over the chump change, Cape Town under madam Zille is dishing out buckets as toilets to its toi toing blacks who have no running water, not houses and no electricity across town from Oprah and Will Smith’s mansions and away from a very beautiful mall for gays that is named after the rulers of Monaco. Welcome to the rainbow nation!

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