Monday 3 February 2014

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

Nelson 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.
Nelson Mandela has left his £2.5million estate to family members, staff and the ruling ANC, it has been revealed
Nelson Mandela has left his £2.5million estate to family members, staff and the ruling ANC, 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. Above, Mandela poses with his family during birthday celebrations in Qunu
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. Above, Mandela poses with his family during birthday celebrations in Qunu

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.
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

The former president, who died in December at the age of 95, leaves 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 Mandela's 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'.
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.



 

No comments:

Post a Comment

Get more stories like this on our twitter @Abdul_Ent and facebook page @abdulkukublogspot