Teodoro Obiang Nguema Mbasogo Net Worth

Teodoro Obiang Nguema Mbasogo Net Worth

Net Worth: $600 Million
Source of wealth:

Oil

Full Name Teodoro Obiang Nguema Mbasogo
Birth Place Acoacán, Equatorial Guinea
Date of Birth Jun 05, 1942 (age 75)
Nationality Equatorial Guinean
Ethnicity Equatorial Guinean (Fang ethnic group)
Occupation Politician
Height N/A
Weight N/A
Marital Status Married (Constancia Mangue)
Children 1 (Teodoro Nguema Obiang)
Education N/A
Hobbies N/A
Last Updated
Aug 7, 2015
Rank
#1

About Teodoro Obiang Nguema Mbasogo

Teodoro_ObiangTeodoro Obiang Nguema Mbasogo is the President of Equatorial Guinea. Born on 6 June 1942 in Acoacán, Spanish Guinea (now Equatorial Guinea). He came to power in August 1979 by ousting his uncle Francisco Macias Nguema in a military coup. He has overseen the emergence of the nation as an important oil producer, beginning in 1990s. This President and his family literally own the economy, his personal fortune exceed $600 million, according to Forbes Magazine. In October 2011, the United States government seized $70 million assets of his son, Teodoro Nguema Obiang Mangue. Though Equatorial Guinea is Africa’s second richest nation with $23,370 (GDP per capita) and a small population of just 736,296, majority of the population actually live under the poverty line.

Equatorial Guinea’s GDP is greater than that of Italy, South Korea and Saudi Arabia. Unfortunately this nation is a case of squandered riches. The Equatorial Guinea produces three hundred and forty-six thousand barrels of oil every day. The economy of Equatorial Guinea owes much to oil production within the country with many of their oil rigs found just off the coast.

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