The Malibu-based playboy son of an African dictator is being forced to surrender more than $30million worth of his assets after allegedly stealing money from his own country. Teodoro Nguema Obiang Mangue, the son of the Equatorial Guinea president, must sell his mansion in California, his Ferrari and most of his Michael Jackson memorabilia under the settlement. However, he will be able to keep the singer's famous crystal-encrusted 'Bad Tour' glove, a jacket used during the 'Thriller' tour and a $38.5million Gulfstream jet, as they remain outside the U.S. Playboy: Teodoro Nguema Obiang Mangue (above), the son of Equatorial Guinea president, must sell his Malibu mansion, a Ferrari and his Michael Jackson memorabilia under a settlement with the U.S Government
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Teodoro Nguema Obiang Mangue will surrender more than $30m in assets
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These include mansion in Malibu, Ferrari and Michael Jackson memorabilia
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But he will able to keep singer's famous crystal-encrusted 'Bad Tour' glove
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This is because item remains outside the U.S., alongside his 'Thriller' jacket
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Instead, 42-year-old must pay further $1million to cover value, say officials
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Most of 750,000 people in Equatorial Guinea are currently living in poverty
However, @placeholder-educated Mangue lived in a luxurious mansion in Malibu