Monday 3 February 2014

Mandela leaves £2.5m estate to family, staff and the ruling ANC as details of his will are revealed

ReadingNelson Mandela has left his £2.5million estate to family members, staff and the ruling African National Congress, it has been revealed.
The former South African president's will was read out in public in Johannesburg this morning.
He has also left money to several local schools -
some of which he attended as a child. 
Mandela
The will of Nelson Mandela (right) was read out by executor Dikgang Moseneke (left) in Johannesburg today
Reading: The former South African president has left his £2.5million estate to family members, staff and the ruling African National Congress. He has also left money to several local schools. Above, the reading of the will
Reading: The former South African president has left his £2.5million estate to family members, staff and the ruling African National Congress. He has also left money to several local schools. Above, the reading of the will
Emotional: Mandela's daughter Zenani Mandela-Dlamini hugs a companion after hearing her father's will
Emotional: Mandela's daughter Zenani Mandela-Dlamini hugs a companion after hearing her father's will
The division of Mandela's estate - provisionally valued at 46 million rand (£2.5million), excluding royalties - was expected to spark squabbling among his 30 children, grandchildren and great-grandchildren. 
But it has been accepted by his family with no contest so far, according to executor, Deputy Chief Justice Dikgang Moseneke. 
 
    However, is believed that the anti-apartheid hero's third wife, Graca Machel, may waive her claims to the estate.
    Mandela's wealth is being split between three trusts set up by him, including a trust designed to provide for his family members, said Moseneke. 
    Hero: Mandela, who died in December at the age of 95, leaves behind a great financial and political legacy
    Hero: Mandela, who died in December at the age of 95, leaves behind a great financial and political legacy
    Family: Mandela poses with his family during birthday celebrations in Qunu. They have accepted his will so far
    Family: Mandela poses with his family during birthday celebrations in Qunu. They have accepted his will so far
    The former president, who died in December at the age of 95, leaves behind an estate that includes an upscale house in Johannesburg and a modest dwelling in his rural Eastern Cape home province.
    It also includes royalties from book sales, including Mandela's autobiography, 'Long Walk to Freedom'.
    More visibly, his legacy involves 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.
    It believed that the anti-apartheid hero's third wife, Graca Machel (above), may waive her claims to the estate
    It believed that the anti-apartheid hero's third wife, Graca Machel (above), may waive her claims to the estate
    Some of his grandchildren have started a line of caps and sweatshirts that feature his image under the brand 'Long Walk to Freedom'.
    Meanwhile, two of his U.S.-based granddaughters have 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.


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