Mandela’s Estate Valued At $4.13 Million

Johannesburg -(PANA/NAN) The late Nelson Mandela left behind an estate
valued at more than 4.13 million dollars (about N660.8 million), an
official said in Johannesburg at the public reading of his will.

The official, Dikgang Moseneke, is the South African Deputy Chief Justice,
and also the executor of the will.

He said, while reading the will at a media briefing on Monday, that
Mandela’s estate includes a two-storey house in the upmarket Johannesburg
suburb of Houghton, where he died in December.

The will also includes a modest home in Qunu in the Eastern Cape, where
Mandela was buried, and royalties from sales of his famous autobiography
“Long Walk to Freedom”.

Moseneke said Mandela left 5,000 rand each to several of his personal
staff members, including Zelda la Grange who nursed him for several years.

The official said he also left 100,000 rand to each of four other
educational institutions for bursaries and scholarships.

These include the Wits University, where he was educated in the 1950s, as
well as Qunu Secondary School and Orlando West High School in Soweto.

He said the family trust would receive 1.5 million rand, plus royalties,
while other beneficiaries listed in the will included his children,
grandchildren and great grandchildren.

Moseneke said the African National Congress (ANC) would also receive some
royalties.

“This is to be used at the discretion of the party’s executive committee,
to spread information about the principles and policies of the ANC, and
particularly about reconciliation,’’ he said.

The former South African president died on Dec. 5, 2013 at the age of 95
and was buried 10 days later in his native Qunu.