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Motoring / Yachts

African dictator’s son orders luxury superyacht

Teodorín Obiang, the son of Equatorial Guinea’s dictator of 30 years commissioned plans to build a superyacht costing $380 million. According to Timeslive, it’s nearly three times what the country spends on health and education each year. German company Kusch Yachts has been asked to build the yacht, housing a cinema, restaurant, bar and swimming […]

Mar 02, 2011 | By Luxuo

teodorin obiang

Teodorín Obiang, the son of Equatorial Guinea’s dictator of 30 years commissioned plans to build a superyacht costing $380 million.

According to Timeslive, it’s nearly three times what the country spends on health and education each year.

German company Kusch Yachts has been asked to build the yacht, housing a cinema, restaurant, bar and swimming pool, though construction has not yet started.

Because Obiang earns $6,799 a month as agriculture minister of Equatorial Guinea, questions are being asked about quite how he could afford the 390ft yacht.


 
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