Mandela left $4.1 million estate for family, schools, ANC

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Mandela left $4.1 million estate for family, schools, ANC
Johannesberg, Feb 3: Former South African President Nelson Mandela, who passed away in December 2013, has left his $4.1 million estate to family members, the ruling African National Congress, former staff and several local schools, according to a reading of his will on Monday, said a Reuters report.

Deputy Chief Justice Dikgang Moseneke told reporters at a news conference where he summarised parts of Mandela's 40-page will that the division of the estate - provisionally valued at 46 million rand excluding royalties - had been accepted by Mandela's family earlier on Monday.

Mandela's third wife, Graca Machel, had waived her claims to the estate, Moseneke said. Some of the assets would be split between three trusts set up by Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren.

Mandela was 95 at the time of death. He has left 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 his autobiography, "Long Walk to Freedom".

Arguably, Mandela's big family has been exploiting his fame for marketing 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". Two of his U.S.-based granddaughters starred in a reality television show called "Being Mandela".

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