You Been Lied To: 7 Things You May Not Know About Somali ‘Pirates’

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Piracy has become Somalia's biggest source of income

Piracy has become Somalia’s biggest source of income

Since the fishing economy have suffered due to European ships looting and dumping in Somali waters piracy is now Somalia’s biggest source of income. It has been estimated that between $339m and $413m has been made within the years of 2005 and 2012. Individual ‘pirates’ usually get $30,000-75,000 each, with a bonus of up to $10,000 for the first man to board a ship and for those bringing their own weapon or ladder.

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