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Exotic Cars Owned by Dictator’s Son Seized and Auctioned

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Ever heard of Equatorial Guinea? Well, it is the wealthiest country on the African continent, but probably one of the worst places to be a citizen–unless of course you are a dictator, in which case you live an extravagant lifestyle. But with luxury comes trouble. According to a report from the International Business Times, the dictator’s son, Teodorin Obiang, had a fleet of luxury cars seized from him by French police investigating the alleged theft of public funds in EG.

Obiang’s cars sold in a Paris auction for $4.4 million. Vehicles that were auctioned off included two Bugatti Veyrons, two Bentleys, a Rolls-Royce, two Ferraris, a Porsche, a Maserati and a Maybach. Most had little or no mileage and fetched an average of $435,000 each.

In 2011, French police underwent an investigation of his 80 million Euro, 101-room mansion on the Champs and Elysees that lasted more than two weeks. This ridiculously huge estate was found to be purchased using state funds. Billions of dollars have allegedly been taken from African families, in which half of the EG population has no access to clean water. Searching the mansion, authorities also found fine art, fine wine, antiques and jewelry.

In late 2009, Obiang imported 26 luxury cars from the US to France for $12m, according to French judicial documents. They included seven Ferraris, four Mercedes-Benz, five Bentleys, four Rolls-Royces, two Bugattis, an Aston Martin, a Porsche, a Lamborghini and a Maserati.The government of Equatorial Guinea has tried to block the investigation, claiming that Obiang’s mansion was part of the country’s embassy, and thus protected by diplomatic immunity.

> on April 23, 2010 in Beijing, China.