Somali Pirate: I Raked In $2.4M Last Year

Which Saeed Yare spent on bodyguards, three villas, among other things
By Kate Seamons,  Newser Staff
Posted Mar 10, 2011 7:25 AM CST
Photo made on January 7, 2010 shows an armed Somali pirate along the coastline.   (Getty Images)
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(Newser) – It's not exactly an honest day's work, but it certainly seems to return much more than an honest day's pay: Somali pirate Saeed Yare tells Reuters—while reclining against his luxe Toyota Landcruiser—that he raked in $2.4 million last year. He raked that in by investing in two hijacking ventures and personally hijacking a third ship. What does all that cash get him? "I spent some on weapons, private bodyguards, luxury cars, trucks, a boat, and three villas. And I still have enough to use until another ship is hijacked."

Yare, who calls himself a "pirate tycoon," joined the profession just two years ago after leaving a lucrative gig selling drugs. "I got inspired to be a pure pirate in 2009. First, I set off into the sea with them and captured a Saudi oil tanker that made us lick our fingers—a hell of a lot of cash!" And there's no turning back. "The piracy business is like a presidential seat, you don't want to give it up once you taste its sweetness."

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