According to London’s Daily Mail, the son of an African dictator plans to build one of the most expensive luxury yachts in the world — with your tax dollars.
Teodorin Obiang, 41, already owns a fleet of luxury automobiles and homes and now he plans to splash out another $380 million for the yacht, which when completed will boast a movie theater, restaurant, bar and Olympic sized swimming pool.
The yacht, which hasn’t been built yet, will cost nearly three times what his country spends on health care and education for its impoverished citizens each year.
Critics wonder how Obiang is able to afford such extravagances on his $6,799 per month salary as agriculture minister of the tiny, oil-rich West African state of Equatorial Guinea.
The most expensive luxury yacht in the world is a $740 million floating beast owned by a Russian billionaire. It is believed that Obiang used that yacht as the blueprint for his own.
Gavin Hayman of corruption watchdog Global Witness renewed calls for sanctions against Obiang.
He said: “That a president’s son from such a poor country has ordered this yacht is outrageous extravagance.”
