Teodoro Nguema Obiang Mangue, the son of the dictator of Equatorial Guinea, is in “hot water” as he assets of $70 million including a 15,000-square-foot mansion with eight bathrooms he paid $35 milion for in cash comes under the attention of US politicians and Human Right Organisations. According to Foreign Policy.org “Investigators suspect a large chunk of his assets was derived from extortion, theft of public funds, or other corrupt conduct.”
Teodoro, by the way, also doubles as Equitorial Guinea’s Agriculture Minsiter, with an official salary of about $5,000. It is not the stealing and pillaging of a country with the same per capita income as most wealthy countries (thanks to oil and a population under 700,000), but the scale and arrogance that seems to accompany such pillage. How can he (one individual), as he was recently reported to be considering, buy a $300 million personal yatch, the cost of which surpasses both Equitorial Guinea’s health and education budget by a whopping three times, able to sleep soundly at night?
Some of Teodoro Obiang’s assets include:
$59,850 of home furnishing rugs
$58,000 home theater
$33.8 million Gulf Stream V private jet
One 2007 Bentley Azire
One 2008 Bugatti Veyron
One 2008 Lamburgini Murcielago
One 2008 Rolls Royce Drophead Coupe
One 2009 Rolls Royce Drophead Coupe
One 2009 Rolls Royce Phantom Coupe
One 2011 Ferrari 599 GTO
and bizzarely, a $1,734.17 pair of wine glasses
Ken Silverstein, writing for Hapers.org has a detailed list of what Teodoro Obiang owns in the USA.
The Business Insider also has a collection of interesting commentary and photos of Teodoro Obiang’s world.