South Africa’s first black President Nelson Mandela left an estate valued at more than 46 million rand ($4.13 million), a public reading of his will has revealed.
Executor Justice Dikgang Moseneke, summarizing what he said was a 40-page document, said he was “not aware of any contest” to the will.
Close personal staff each get 50,000 rand. Schools Nelson Mandela attended are due to receive 100,000 rand.
Nelson Mandela died in December at the age of 95.
Nelson Mandela left an estate valued at more than 46 million rand
He left behind an estate that includes an upmarket 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.
Nelson Mandela also left 100,000 rand to each of four other educational institutions, for bursaries and scholarships.
The mood of the Mandela family when the will was read was “charged with emotions but it went well,” said the executor, who added that the Mandela family were “well pleased” by his will.
The family trust will receive 1.5 million rand, plus royalties.
The ANC will also receive some royalties, to be used at the discretion of the party’s executive committee, to spread information about the principles and policies of the ANC, particularly about reconciliation.
There is a 90-day period in which Nelson Mandela will can be contested.
Lou Reed, who died after complications from a liver transplant on October 27, has left his estate to his wife and other relatives, his will has revealed.
The former Velvet Underground frontman left his Manhattan penthouse, his home in East Hampton, New York, and the bulk of his estate to his wife, musician Laurie Anderson.
Lou Reed’s sister inherited about a quarter of his estate and a $500,000 bequest to care for their mother.
Lou Reed was 71 and had no children.
Lou Reed has left his estate to his wife and other relatives
The rocker married long-time partner Laurie Anderson in 2008.
The Velvet Underground became renowned for their fusion of art and music and for collaborating with Andy Warhol.
Although the band never achieved commercial success during the 1960s, their influence on music in later decades was widely recognized.
The glam, punk and alternative rock movements of the 1970s, 80s and 90s were all indebted to Reed, whose songs were covered by the likes of REM, Bowie, Nirvana, Patti Smith and countless others.
After quitting The Velvet Underground in 1970, Lou Reed released his self-titled debut in 1972, but it wasn’t until the Bowie-produced LP Transformer later that year that he achieved chart success.
Perfect Day enjoyed a revival in 1996 when it was featured in Danny Boyle’s Trainspotting..
As a solo artist, Lou Reed released 20 studio albums. His last, Hudson River Wind Meditations, was released in 2007.