Written by Sophie Jane Evans | From Mailonline

The Malibu-based playboy son of an African dictator is being forced to surrender more than $30million worth of his assets after allegedly stealing money from his own country.

Teodoro Nguema Obiang Mangue, the son of the Equatorial Guinea president, must sell his mansion in California, his Ferrari and most of his Michael Jackson memorabilia under the settlement.

However, he will be able to keep the singer’s famous crystal-encrusted ‘Bad Tour’ glove, a jacket used during the ‘Thriller’ tour and a $38.5million Gulfstream jet, as they remain outside the U.S.

Instead, the 42-year-old must pay a further $1million to cover the value of the memorabilia elsewhere, Assistant Attorney General Leslie Caldwell, of the Department of Justice (DOJ), said.

In addition to this, if these items ever re-enter America, they will be subject to seizure by the U.S. Government, officials told ABC.

Mangue, the son of President Teodoro Obiang Nguema, reportedly forked out $482,000 for Michael Jackson’s glove – which is white and adorned with crystals – in the late 1980s.

The singer, who died in June 2009, wore it during his first ever concert, ‘Bad Tour’, which was launched in support of his seventh studio album of the same name.

For Mangue, the glove was a prized addition to his $3.2million collection of Jackson memorabilia, which he owned alongside his $30million mansion and $530,000 Ferrari.

The settlement, announced by the DOJ last Friday, will see Mangue turn over around $20million from the sale of his assets to a charitable organization for the benefit of the people of his country.

Read more at Mailonline