Malibu Estate Linked to African President’s Son Sells for $93.5 Million
A luxurious Malibu estate formerly owned by Teodoro Nguema Obiang, son of an African president, sold for $93.5 million in 2026 after a corruption settlement. Originally purchased for $30 million, the mansion changed ownership multiple times amid legal disputes. Developer Mauricio Oberfeld renovated it before it was acquired by the Stark family, known for their Chrome Hearts connection.
TOI World··Malibu



