Equitorial Guinea Billionaires: The Top 10 Richest Men In Equatorial Guinea

Equatorial Guinea, a small Central African country with a population of around 1.5 million, is one of the wealthiest nations in Sub-Saharan Africa on a per capita basis—largely due to its significant oil and gas reserves. Since the discovery of oil in the 1990s, the country has seen a substantial inflow of revenue. However, much of this wealth has been concentrated in the hands of a political and business elite, leaving the majority of the population in poverty.

In this blog post, we explore the top 10 richest men in Equatorial Guinea. Their fortunes are largely derived from oil, gas, politics, and control over key sectors of the economy. These individuals form a powerful web of influence that spans the country’s political, financial, and industrial institutions.

1. Teodoro Obiang Nguema Mbasogo – President and Patriarch of Power

Estimated Net Worth: $600 Million to $1 Billion

Teodoro Obiang Nguema Mbasogo has ruled Equatorial Guinea since 1979, making him the longest-serving president in the world. His regime is characterized by authoritarian governance, tight control over the country’s oil wealth, and a political dynasty that permeates every level of government.

Obiang’s wealth is believed to come from his grip on the national economy. He is reported to control major decisions regarding oil contracts, infrastructure projects, and foreign investments. Through an opaque network of state institutions and loyal associates, Obiang has built a fortune that remains difficult to quantify but is conservatively estimated to be between $600 million and $1 billion.

His rule has attracted international criticism due to widespread reports of human rights abuses, lack of transparency, and systemic corruption. Nevertheless, he remains firmly in control, with key positions in government and business held by family members and trusted allies.

2. Teodoro Nguema Obiang Mangue – The Vice President with a Taste for Luxury

Estimated Net Worth: $600 Million

Commonly referred to as "Teodorín," the eldest son of President Obiang has served in various government roles, including Minister of Agriculture, Forestry, and currently Vice President in charge of national defense and security. While his official salary would suggest modest means, Teodorín’s lifestyle tells a different story.

He is known internationally for his extravagant taste: multimillion-dollar mansions in Paris and Malibu, a fleet of luxury cars, private jets, and a $150 million yacht. His wealth has sparked legal action in multiple countries, leading to asset seizures in the United States, France, and Switzerland. Despite these setbacks, Teodorín remains a key figure in his father's administration and is widely considered the heir apparent to the presidency.

3. Gabriel Mbega Obiang Lima – The Oil Strategist

Estimated Net Worth: Undisclosed, Likely in the Hundreds of Millions

Another of President Obiang’s sons, Gabriel Mbega Obiang Lima has long been a central figure in the management of Equatorial Guinea’s natural resources. He has served as Minister of Mines and Hydrocarbons, Minister of Planning, and as of 2025, continues to play an essential role in the country’s economic planning and oil diplomacy.

Unlike Teodorín, Gabriel maintains a lower public profile and is often seen as more professional and technocratic. He has brokered deals with foreign oil companies and was instrumental in stabilizing oil production during the global price shocks of the 2010s and 2020s.

His access to the inner workings of the state and involvement in lucrative contracts has undoubtedly made him one of the wealthiest individuals in Equatorial Guinea.