Executive Summary Of Mandela's Will Worth $4.1Million

The will of the late former President of South Africa, Nelson Mandela on Monday afternoon, was read by Deputy Chief Justice Dikgang Mosen to members of the icon’s immediate family and was also made public.

Mandela willed his $4.1 Million estate to family members, the ruling African National Congress (ANC), his former staff and a number of local schools.

Graca Machel, his third and last wife whom he married on his 80th birthday in 1998 will have half of the estate under South African marital law though she is yet to make a decision. She is entitled to relinquishing her claims in favour of specified assets such as properties in Mozambique, her native country and that would take her 90 days to decide.

 Executive summary the will

A part of the estate would be split among the Mandela Trust, The Nelson Mandela Trust and The NRM Family Trust. The NRM Family Trust which was set up to cater to his children, grandchildren and great grandchildren numbering more than 30, gets R1.5million.

Each of his children, as well as some of his grand-children, will receive $300,000; while his grand children (the ones sired by his late son Makgatho) have been willed the posh house in Johannesburg, where he has mostly lived since his release from prison in 1990.

Executed by Mandela on 12th October 2004 with a first Codicil on 7th September 2005 and a second on 9th September 2008, the will could see ANC receive a portion of his royalties from books and other commercial outlets produced with his name and image. Mandela’s staff — even up to his personal assistant of many decades, Zelda Le Grange — will get R50,000 each.

Mandela’s personal chef, Xoliswa Ndoyiya could not contain her joy. “It really makes me happy”, she said. “I didn't think Tata [a native term for father] was thinking of leaving something for me”.

Wits University, Qunu Secondary School and Orlando West High School in Soweto were bequeathed R100 000 each.

Although the revered statesman’s family is known to be notoriously discordant, Moseneke, after reading the will on Monday, denied potential uproar over the provisional R46,000,000 estate but admitted that the mood at the will-reading was charged with emotion.

“I am not aware of any contest of any type and the will has been duly lodged and accepted”, Moseneke said.

Also part of the estate are a high-class house in Houghton, a modest one in Qunu as well as royalties from the sale of books, such as his famous autobiography, Long Walk to Freedom”, which some of his grandchildren have begun exploiting with a line of caps and sweatshirts featuring his image under the brand book’s brands. Also two of his granddaughters based in the United States have already starred in Being Mandela, a reality television show.