By William Stolerman

Despite the fact it will cost nearly three times what his country spends on health and education for its citizens each year, Teodorin Obiang, son of Equatorial Guinea president Teodoro Obiang, has commissioned a yacht for $380 million.

Obiang Jnr earns $6,799 a month as agriculture minister of the tiny, oil-rich West African state, which begs the question of how he can afford the 390ft yacht.

It is thought that Obiang has used Roman Abramovich’s Pelorus – worth £74million – as a blueprint for the vessel (above). Features include a cinema, restaurant, bar and a swimming pool.

Corruption watchdog Global Witness revealed that German company Kusch Yachts has been asked to build the vessel in a secret project codenamed Zen. The planned delivery date is 2012 but construction has not yet started. 

Obiang, 41, is the son of Equatorial Guinea’s president Teodoro Obiang, who took power in a bloody 1979 coup. He is reportedly grooming his son to succeed him.

Via [dailymail]