Mandela Estate Valued at $4.1 Million, Will Executors Say

Photographer: Rodger Bosch/AFP via Getty Images

South Africa’s first black president Nelson Mandela, seen here in 2008, died at his Johannesburg home on Dec. 5 at the age of 95. Close

South Africa’s first black president Nelson Mandela, seen here in 2008, died at his... Read More

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Photographer: Rodger Bosch/AFP via Getty Images

South Africa’s first black president Nelson Mandela, seen here in 2008, died at his Johannesburg home on Dec. 5 at the age of 95.

The estate of South Africa’s first black president Nelson Mandela has been provisionally valued at 46 million rand ($4.1 million), excluding the contents of three trust funds, according to the executors of his will.

“Through the process of collating we have found that the estate reflects an estimate of around 46 million,” Justice Dikgang Moseneke, one of three executors, told reporters at the public unveiling of the will in Johannesburg. “This still has to be subjected to verification.”

Nelson Mandela died at his Johannesburg home on Dec. 5 at the age of 95. He spent 27 years in prison for fighting white minority rule and won South Africa’s first all-race presidential elections in 1994. He won the Nobel Peace Prize in 1993 and is survived by three children.

The marriage between Mandela and Graca Machel, his third wife, was in community of property, Moseneke said. That means assets acquired during the marriage were jointly owned. Machel may agree to waive her right to items not listed for her in the will, according to Moseneke.

Mandela left 50,000 rand to his personal assistant Zelda Le Grange and the same amount to Xoliswa Ndoyiya, his chef of 22 years.

“Being mentioned in the will really means a lot to me,” Ndoyiya said. “It brings a sadness to me at the same time because I know every morning I am no longer preparing food for him like I did for so many years.”

While no information on what was left to individual family members was published, Moseneke said the will was uncontested.

One of the other executors of the will is George Bizos, a lawyer who campaigned against apartheid.

To contact the reporter on this story: Amogelang Mbatha in Johannesburg at ambatha@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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