Tuesday, February 4, 2014

Read Nelson Mandela's Will: 3rd wife gets half of his $4.1m estate, nothing for ex-wife Winnie

Nelson Mandela

The will of former South African President, Nelson Mandela was read to his family members yesterday.

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.

Nelson Mandela's ex-wife Winnie Madikizela-Mandela was left out of his will.

Full details of the will:

- Wife Graca Machel, who is entitled to 50 percent of his estate, worth at least $4.1 million. She is likely to waive that right in favour of receiving four properties in Mozambique, cars, art work, jewellery and other assets.

- Mandela's children each get around $300,000, or if they borrowed that amount from him during his lifetime, have their debts annulled.

- Ms Machel's children, Josina Machel and Malengane Machel, each get around $270,000.

- Mandela's four grandchildren via late son Makgatho will each receive $300,000 and will have the use of his home in Houghton, Johannesburg.

- The African National Congress (ANC), gets between 10 to 30 percent of royalties from his various projects.

- Mandela's home in his boyhood village of Qunu will be made available to the Mandela family, as well as widow Ms Machel and her two children.

- Grandchildren from his first marriage to Evelyn Mase and second marriage to Winnie Madikizela-Mandela each get $9,000.

- Staff members, including long time personal assistance Zelda la Grange, get $4,500 each.

- Schools and universities he attended and shaped his political life were each granted $9,000.

No comments:

Post a Comment

If we don't talk about our celebs, who will? Share your thoughts by commenting.