Teodoro Obiang Nguema Mbasogo Net Worth & Biography

Teodoro Obiang Nguema Mbasogo

Teodoro Obiang Nguema Mbasogo was born on 5 June, 1942. He is an Equatoguinean politician who has been President of Equatorial Guinea since 1979. He ousted his uncle, Francisco Macías Nguema, in an August 1979 military coup and has overseen Equatorial Guinea’s emergence as an important oil producer, beginning in the 1990s.

Teodoro Obiang Nguema Mbasogo Profile Overview

Real Name: Teodoro Obiang Nguema Mbasogo
Birthday: 5th June, 1942
Age: 78 Years
Place of Birth: Equatorial Guinea
Zodiac Sign: Gemini
Height: 5ft 5in
Occupation: Leader
Years Active: 1979–present
Net Worth: $600 million (N232,800,000,000)
Partner(s): Constancia Mangue de Obiang,
Death-O-Meter: Alive

Teodoro Obiang Nguema Mbasogo Life & Career

Obiang was Chairperson of the African Union from 31 January 2011 to 29 January 2012. He is the second longest consecutively serving current non-royal national leader in the world.

Obiang has been widely accused of corruption and abuse of power. In marked contrast to the trend toward democracy in most of Africa, Equatorial Guinea is currently a dominant-party state, in which Obiang’s Democratic Party of Equatorial Guinea (PDGE) holds virtually all governing power in the nation. The constitution provides Obiang sweeping powers, including the right to rule by decree, effectively making his government a legal dictatorship.

Teodoro Obiang Nguema Mbasogo
Teodoro Obiang Nguema Mbasogo

Teodoro Obiang Nguema Mbasogo Wife

Constancia Mangue Nsue Okomo, also known as Constancia Mangue de Obiang, is the First Lady of Equatorial Guinea. She is the wife of President Teodoro Obiang Nguema Mbasogo and mother of First Vice President Teodoro Nguema Obiang Mangue.

Teodoro Obiang Nguema Wealthy son

The president’s son, Teodoro ‘Teodorin’ Nguema Obiang, has been resisting attempts by the US administration to seize some $71 million worth of his assets, denying charges that they were obtained with allegedly corrupt funds taken from his country.

US authorities in 2011 filed to seize a $30 million Malibu, California, oceanfront home, a $38.5 million Gulfstream jet, a Ferrari worth more than $500,000 and dozens of pieces of pop singer Michael Jackson memorabilia worth almost $2 million.

They argued that Mr Obiang obtained the items with money corruptly taken from his impoverished country through a variety of alleged schemes, including requiring companies to pay so-called taxes and fees to him as well as to make donations to his pet projects and then took those funds for his own use.

In November 2014 he was ordered by the US Justice Department to forfeit his US-based property and belongings. Mr Obiang jnr was also facing investigation in France over money laundering claims.

Teodoro Nguema Obiang Assets & Net Worth

Teodoro Nguema Obiang is a member of the Democratic Party of Equatorial Guinea and attended Pepperdine University. In the 1990s he was an Adviser to the Presidency. Obiang has drawn criticism for spending lavish amounts of money on trips, cars, and other luxuries. He has also faced embezzlement charges after secret bank accounts were exposed. Obiang has also been investigated by Swiss prosecutors after landing in Geneva eight times in 2016. He is in line to succeed his father for the Presidency of Equatorial Guinea.

Teodoro Nguema Obiang is a political heir who is the Vice President of Equatorial Guinea and has a net worth of $600 million.

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