The Malibu playboy set to lose $70m fortune... after he spent $3m on Michael Jackson collectables as the people of his African country lived on ONE DO

Despite its newfound wealth, life for the great majority in the country's 680,000 people remains the struggle.

When Nguema opened a free regarding charge account with a California bank inside 2007, he claimed which he acquired money from a family members group inheritance in inclusion to trading expensive, custom-made cars.

Among another objects bought through Mangue, in accordance with federal officials, was a 2011 Ferrari valued at greater than $530,000.

Equatorial Guinea was obviously a relatively ignored place until American energy business Exxon Mobil discovered oil and also gas there in 1994.

The majority live down below the actual poverty series together