Skip to comments.
African dictator's son orders luxury superyacht ($380 million yacht)
Yahoo | AP ^
| 2/27/11
| MICHELLE FAUL
Posted on 02/28/2011 10:48:42 AM PST by LibWhacker
JOHANNESBURG The son of Equatorial Guinea's dictator of 30 years commissioned plans to build a superyacht costing $380 million, nearly three times what the country spends on health and education each year, a corruption watchdog said Monday.
The statement from Global Witness said that 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.
Global Witness has been urging Washington to institute sanctions against Teodorin Obiang, whose extravagant lifestyle currently includes a $35 million-dollar mansion in Malibu, California, a $33 million jet and a fleet of luxury cars, while earning a salary of $6,799 a month as agriculture minister.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: africa; dictator; equatorial; equatorialguinea; guinea; yacht
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-57 last
To: LibWhacker
With all the unrest around the globe, he’s got to have some way to escape. May as well go in style!
41
posted on
02/28/2011 12:25:36 PM PST
by
SouthTexas
(Tea time!)
To: LibWhacker
I think I first heard about this guy years ago in a joke titled “Shortest books ever printed”...
42
posted on
02/28/2011 12:26:30 PM PST
by
Charles Martel
(Endeavor to persevere...)
To: LibWhacker
"With a schedule as hectic as President Obama's it must be hard to stick to a training regimen without help -- but why does he insist on having his old trainer fly out from Chicago to D.C. regularly when Obama and his wife exhort the rest of us to drive less? And in a recession? According to Ashley Parker at the New York Times, Obama's fitness czar Cornell McClellan comes out to D.C. every week:"
Could it be?-Nah!
43
posted on
02/28/2011 12:27:51 PM PST
by
AEMILIUS PAULUS
(It is a shame that when these people give a riot)
To: RexBeach
I wonder what the annual upkeep is for a 380-million-dollar yacht? Yacht upkeep is normally quoted as 10% of purchase price. That's what's keeping me out of that market.
44
posted on
02/28/2011 12:28:21 PM PST
by
John O
(God Save America (Please))
To: LibWhacker
owns seven Ferraris, five Bentleys, four Rolls-Royces, two Lamborghinis, two Mercedes-Benzes, two Porsches, two Maybachs, and an Aston Martin, which he somehow affords on his $5,000 a month official salary. He has since tired of those jalopies and now favors a blue Bugatti Veyron.
Bugatti Veyron motor car. There are 35 of them in existence. They cost one million euros each. Three of them are owned by a guy called Teodoro Obiang, the Minister of Forests of Equatorial Guinea.
http://pajamasmedia.com/richardfernandez/2011/02/22/style/
45
posted on
02/28/2011 12:29:01 PM PST
by
DUMBGRUNT
(The best is the enemy of the good!)
To: LibWhacker
Maybe guys like him are the reason all the relatives of rich Africans keep writing to me to ask me to hold some money for them, for safekeeping. Of course, I’d like to help them, but....
46
posted on
02/28/2011 12:43:58 PM PST
by
married21
(As for me and my house, we will serve the Lord.)
To: akk
Equatorial Guinea citizen's house
Equatorial Guinea's President's Son's $35m Malibu mansion
47
posted on
02/28/2011 12:46:19 PM PST
by
Liz
(A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
To: FrankR
Gee...my dad gave me $50 for my 21st birthday (1966) and I thought I was rich. My 21st. b/day was also in 1966, all I got was, "only one more year left to serve in the military".
48
posted on
02/28/2011 1:42:57 PM PST
by
Graybeard58
(Of course Obama loves his country. The thing is, Sarah loves mine.)
To: RexBeach
Does that include the helicopter?
49
posted on
02/28/2011 1:52:37 PM PST
by
bjorn14
(Woe to those who call good evil and evil good. Isaiah 5:20)
To: Graybeard58
I had already been in over two years by that time...with two left to go.
50
posted on
02/28/2011 2:00:27 PM PST
by
FrankR
(The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
To: FrankR
July ‘63 to July ‘67 for me.
51
posted on
02/28/2011 2:15:07 PM PST
by
Graybeard58
(Of course Obama loves his country. The thing is, Sarah loves mine.)
To: Graybeard58
52
posted on
02/28/2011 2:16:58 PM PST
by
FrankR
(The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
To: bert
To: bjorn14
Hah! More than likely, two helicopters!
54
posted on
03/01/2011 7:39:32 AM PST
by
RexBeach
(There is no such thing as a good tax.- Winston Churchill)
To: mmercier
After reading your post Sir, I consider you to exhibit a rather unpleasant racist tendency.
55
posted on
03/01/2011 10:42:45 AM PST
by
mmercier
(take a look at yourself)
To: LibWhacker; PJ-Comix
It just goes to show how far a little frugality can go. This guy has got to be a couponer.
To: RexBeach
The standard annual upkeep estimate for megayachts is 10% of the cost of the boat.
57
posted on
05/26/2011 2:27:15 AM PDT
by
golux
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-57 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson