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
Somali Pirate: I Raked In $2.4M Last Year
Photo made on January 7, 2010 shows an armed Somali pirate along the coastline.   (Getty Images)

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." (More pirates stories.)

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