Who is Teodoro Nguema Obiang Mangue?
Teodoro Nguema Obiang Mangue is the Vice-President of Equatorial Guinea. He is the son of Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea. He was born in June 1968. For a few years, he was Minister of Agriculture and Forestry and was promoted to First Vice-President in June 2016.
Obiang has been criticized for his lavish lifestyle, which includes owning several luxury cars and yachts, and for the lack of transparency in his business dealings.
The Republic of Equatorial Guinea is a country located in Central Africa. Since the mid-1990s, Equatorial Guinea has become one of sub-Sahara’s largest oil producers. With a population of almost two million, it is the richest country per capita in Africa.
How Much is Obiang Mangue Net Worth?
The net worth of Teodoro and his family is estimated at more than $600 million. The source of wealth is probably the oil, as Equatorial Guinea is an
In 2016, Swiss prosecutors opened an investigation on Teodorin Obiang after 8 landings with his private jet in Geneva.
Eleven luxury vehicles were seized at Geneva airport as part of this procedure. Before that in 2011 and 2012 both USA and French authorities filed complaints against Teodorin, based on spending US$315 million on properties and luxury goods, funded by an official salary of less than $100,000 per year.
He was indicted by the justice on several counts of corruption and money laundering. Mansions in Paris and Malibu were confiscated and sold at auction.
Obiang has been accused of using his position of power to amass a personal fortune through corruption and embezzlement. In the past, he has been investigated by several international organizations and governments for money laundering, embezzlement, and misappropriation of public funds. In 2011, the U.S. Department of Justice seized over $70 million in assets belonging to Obiang, including a mansion in Malibu, California, and various luxury cars and collectibles, as part of a money laundering probe.
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Teodoro Nguema Obiang Mangue House
Teodoro owned a large mansion in Paris. But the residence was confiscated and sold at an auction. He also owned a very large $ 70 million residence in California, USA.
Yacht Ebony Shine & yacht ICE
Teodoro and his father own a Dassault Falcon 900B private jet, with registration 3C-ONM (‘ONM stands for Obiang Nguema Mbasogo’). A Falcon 900 has a list price of US$ 40 million.