Malibu estate linked to African president’s son sells for $93.5 million in 2026

A 16-acre Malibu estate that once belonged to Teodoro Nguema Obiang, the son of Equatorial Guinea’s president, has entered another extraordinary chapter. The property was bought for $30 million in 2006, later surrendered in a U.S.

corruption settlement, and sold for $93.5 million in June 2026, according to Celebrity Net Worth and the U.S. Department of Justice.

A new report cited by Celebrity Net Worth links the latest buyer to the family behind luxury fashion brand Chrome Hearts.The estate, located at 3620 Sweetwater Mesa Road in Malibu’s gated Serra Retreat community, overlooks the Pacific Ocean, Malibu Lagoon and Surfrider Beach. Its value has risen dramatically since the 2006 purchase, but its ownership history remains one of the most unusual in California real estateA lavish purchase in 2006Teodoro Nguema Obiang, commonly known as Teodorín, bought the Malibu mansion in April 2006 through a company called Sweetwater Malibu LLC.