TEODORO NGUEMA OBIANG MANGUE • Net Worth $600 Million • House • Yacht • Private Jet • Equatorial Guinea

Teodoro Nguema Obiang Mangue

Teodoro Nguema Obiang Mangue

Name:Teodoro Nguema Obiang Mangue
Net Worth:US$ 0,6 billion
Source of Wealth:Vice President of EG
Born:June 25, 1968
Country:Equatorial Guinea
Residence:Equatorial Guinea
Private Jet:(3C-ONM) Dassault Falcon 900B
Yacht:Ebony Shine

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
oil-rich country.

Fraud Investigation

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.

Lurssen yacht Ice

A French news site reports that Obiang Mangue also owns the Lurssen Yacht Ice, which he purchased in 2015 for US$ 150 million from Suleiman Kerimov.

According to an official Equatorial Guinea statement, both yachts Ebony Shine and the yacht Ice are owned by the Government of Equatorial Guinea.

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Yacht Ebony Shine Owner

Teodoro Nguema Obiang Mangue

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Teodoro Nguema Obiang Mangue House

Yacht Ebony Shine & yacht ICE

He is the owner of the yacht Ebony Shine.