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Malibu estate bought for $30m by African president's son sells for $93.5m

Confidence78·developingImportance88NP-EVT-20261110-05613A5

A luxurious estate in Malibu, previously owned by Teodoro Nguema Obiang, was sold for an impressive $93.5 million following a corruption settlement. Initially bought for $30 million, the mansion changed hands several times amid legal challenges. Luxury developer Mauricio Oberfeld acquired and revamped it before it eventually became the property of the Stark family, known for their association with Chrome Hearts.

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Malibu estate bought for $30m by African president's son sells for $93.5m
TOI REAL ESTATE DESK · 11/10/2026, 11:33:22 AM
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