Mandela’s money is split

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May 30, 2016
Mandela’s money is split

WILL: Nelson Mandela left R22 million.

A total of R22 million of the struggle icon’s estate has been distributed to 40 beneficiaries.

If you were one of those mense who wondered what happened to all Madiba’s cash, wonder no more.

The executors of Nelson Mandela’s estate on Friday publicly announced the cash bequests made in terms of his will.

Mandela passed away at his Johannesburg home in December 2013 at the age of 95‚ and left an estate valued at about R46 million.

A total of R22 million of the struggle icon’s estate has been distributed to 40 beneficiaries.

These include his long-time driver Michael Maponya, who worked for Madiba for 22 years, and his personal assistant Zelda la Grange. They are among nine staff members who will each receive R50 000.

Mandela made cash bequests to his grandchildren from his first wife‚ Evelyn‚ and grandchildren and great-grandchildren from his second wife‚ Winnie Madikizela-Mandela, as well as the children of his third wife Graca Machel, born from her marriage with former president Samora Machel.

He also bequeathed R100 000 each to a number of institutions which must be used for scholarships and bursaries.

Mandela also bequeathed R1.5 million to the Nelson Rolihlahla Mandela Family Trust and left royalties to the trust of which a percentage of between 10% and 30% should be given to the African National Congress.

The Qunu property has been left out, as it is still being contested by Winnie.

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