Quick Facts
| Also Known As | Nelson Rolihlahla Mandela • Madiba Mandela |
|---|---|
| Born | July 18, 1918 • South Africa |
| Died | December 5, 2013 (aged 95) • Johannesburg • South Africa |
| Title / Office | president (1994-1999), South Africa |
| Political Affiliation | African National Congress • Umkhonto we Sizwe |
| Awards And Honors | Nobel Prize (1993) |
| Notable Works | “Dare Not Linger: The Presidential Years” |
| Notable Family Members | spouse Winnie Madikizela-Mandela |
| Updated on | 2023 |
Nelson Mandela was South Africa’s first black president, elected after serving time in jail for his anti-apartheid activism. In 1993, he was awarded the Nobel Peace Prize.
How much was the Net worth of Nelson Mandela?
At the time of his passing in December 2013, Nelson Mandela had a $1 million net worth. He was a political activist, anti-apartheid revolutionary, politician, and philanthropist in South Africa. Nelson Mandela served as President of South Africa from 1994 to 1999.
Wealth Details
The majority of Mandela’s net worth came in the form of book royalties from his best selling autobiography, 1994’s “Long Walk to Freedom”. When his health was better, Nelson was also a semi-active public speaker.
When he was President, Mandela slashed his salary and then on top of that still gave 1/3 of his pay to South African children’s charities. Mandela’s family engaged in a fairly acrimonious family feud over his wealth toward the end of his life.
Nelson placed the majority of his wealth into more than a dozen different trust funds that would simultaneously benefit his children and prevent them from further bickering. Because of these trusts, Nelson himself was not an extraordinarily wealthy man at the time of his death. George Bizos, a longtime friend and attorney, stated the following in April 2013:
“If someone thinks he’s a multi-millionaire, they’re mistaken. He’s not an affluent man. For his children and grandchildren, he has a few trusts. His revenues are technically negligible, other than the kindness of people inside and beyond South Africa who aided with the education of the children. He has always stressed that money provided should be utilised for establishing schools and hospitals”.
