Dictator Teodoro Obiang Son Buying $380 Million Yacht

The son of  the dictator of Equatorial Guinea Teodoro Obiang, Teodorin Obiang, tried to buy a $380 million dollar superyacht.  He claims paid with it with money earned from his private business ventures and his salary of $6,700 per month as Agriculture Minister.  Teodorin Obiang’s father is grooming him to take over the country and apparently is passing his corrupt ways on.  This criminal already has a $35 million-dollar mansion in Malibu, California, a $33 million jet and a fleet of luxury cars.

The yacht costs three times what the country spends on health and education each year.  20 percent of children in Equatorial Guinea die before reaching the age of 5, and the average citizen is unlikely to live beyond 50.  The government of Equatorial Guinea has also been condemned for mass killings and torturing it’s own citizens.

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Joel Gross

Joel Gross is the CEO of Coalition Technologies.