Malibu estate once owned by Obiang sells for $93.5 million

A luxurious Malibu mansion previously owned by Teodoro Nguema Obiang has been sold for $93.5 million. The property was originally purchased for $30 million before being seized following a corruption settlement. Developer Mauricio Oberfeld revamped the estate, which was finally acquired by the Stark family, owners of the brand Chrome Hearts.