Under the Black Flag

Coming to America

A recent article in a glossy magazine about the rich and famous mentioned a $35 million house in Malibu, California, whose neighbors include Mel Gibson and Britney Spears.  The owner of this mega-structure is one Teodoro Nguema Obiang, son of a man who goes by the same name.

Obiang Junior is 38 years old and is paid $4,000 per month back in the old country.  He is obviously a man who counts his pennies, because he paid for the house in cash, as he did when purchasing a Gulfstream V jet for $38 million, four Ferraris for $1 million, two Rolls-Royce Phantoms at $350,000 each, two Maybach Mercedes at $350,000 each, and a couple of speedboats and a large yacht for prices unknown.

Not bad for a 38-year-old with a (very) limited education making 48,000 greenbacks per year.  The man sure knows how to save.  And spend.  Mind you, we are living in a capitalist society, so why not?  Teodoro’s excesses might not be tolerated in today’s economic climate, but he’s no Wall Street executive.  No Lloyd Blankfein he.  He’s not even a Bernie Madoff.  What he is—yes, you guessed it, dear readers—is black, and better yet, a real, honest-to-goodness African.  His father is Teodoro Nguema Obiang Mbasogo, president for life of Equatorial Guinea, and Junior is his agricultural and forestry minister.  Equatorial Guinea is a small coastal African country with a population...

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