Entrepreneurs, financial researchers, and economic observers are keen to know who the wealthiest Somali men are in 2025.
This article gives you a complete and clear breakdown of the richest men in Somalia in 2025, their estimated net worth in US dollars, how they made their money, the industries they lead, and how they compare on Forbes-style and regional wealth lists.
Whether you’re studying Somalia’s economy, searching for inspiration, or simply curious about who controls the most wealth in Somalia, this guide covers everything you need to know.
Who Are the Richest Men in Somalia in 2025?
The richest men in Somalia in 2025 are mainly active in industries such as telecommunications, shipping, construction, real estate, banking, and agriculture. Many of them started small businesses and grew them into national and even international companies.
Some are self-made, while others leveraged family businesses and regional partnerships to grow their fortunes. Below is the official ranking of the top 10 richest Somali men in 2025 and their estimated net worths.
1. Abdirashid Duale – Net Worth: $950 Million
Abdirashid Duale is the CEO of Dahabshiil, one of the largest money transfer companies in Africa and the Middle East. He is widely recognized as the richest man in Somalia in 2025.
Main income sources: Banking, money transfers, telecom
Estimated Net Worth (2025): $950 million
Other roles: Philanthropist, investor in Somali infrastructure
Duale expanded Dahabshiil into over 120 countries, serving millions of customers and fueling development back home in Somalia.
2. Ahmed Nur Ali Jimale – Net Worth: $700 Million
Ahmed Nur Ali Jimale is a businessman with investments in telecom, banking, and real estate.
Main income sources: Telecommunications, real estate, trade
Estimated Net Worth (2025): $700 million
Known for: Co-founder of Hormuud Telecom
Jimale played a key role in building Somalia’s largest telecom company and expanding real estate across Mogadishu.
3. Mohamed Yusuf – Net Worth: $520 Million
Mohamed Yusuf is one of Somalia’s most successful shipping and logistics magnates.
Main income sources: Shipping, ports, logistics
Estimated Net Worth (2025): $520 million
Business footprint: Operations across East Africa and the Gulf
Yusuf’s maritime empire handles significant imports and exports, positioning Somalia as a key trade hub.
4. Ismail Ahmed – Net Worth: $450 Million
Ismail Ahmed is the founder of WorldRemit, a global digital money transfer company. Though based in the UK, his Somali roots and investments earn him a place among Somalia’s wealthiest.
Main income sources: Fintech, remittances
Estimated Net Worth (2025): $450 million
Known for: Disrupting traditional money transfer systems with mobile solutions
His focus on technology-driven financial services benefits millions of African families.
5. Hassan Abshir Farah – Net Worth: $390 Million
Hassan Abshir Farah is a businessman with interests in agriculture, construction, and retail.
Main income sources: Farming, construction, commercial retail
Estimated Net Worth (2025): $390 million
Known for: Large-scale farming and city development projects
Farah helped modernize Somali agriculture and build urban infrastructure in several cities.
6. Abdullahi Ali Warsame – Net Worth: $350 Million
Abdullahi Ali Warsame owns significant holdings in real estate, hotels, and banking.
Main income sources: Real estate development, hospitality, finance
Estimated Net Worth (2025): $350 million
Known for: Building luxury hotels and commercial complexes in Mogadishu
His properties are some of the most prominent landmarks in Somalia’s capital.
7. Yusuf Abdi Ali – Net Worth: $280 Million
Yusuf Abdi Ali is a Somali entrepreneur with investments in livestock, export trade, and transportation.
Main income sources: Livestock exports, shipping, trade
Estimated Net Worth (2025): $280 million
Known for: Dominating Somalia’s livestock export market to the Gulf countries
Ali’s businesses support one of Somalia’s oldest and most profitable sectors — livestock.
8. Mohamed Sheikh Osman – Net Worth: $240 Million
Mohamed Sheikh Osman is a retail and wholesale tycoon with businesses in East Africa and the Middle East.
Main income sources: Retail chains, wholesale distribution
Estimated Net Worth (2025): $240 million
Known for: Establishing one of Somalia’s largest wholesale networks
He supplies food and consumer goods to thousands of businesses and households.
9. Abdiqani Said Arab – Net Worth: $210 Million
Abdiqani Said Arab is an entrepreneur who invested heavily in education, healthcare, and real estate.
Main income sources: Private schools, clinics, apartments
Estimated Net Worth (2025): $210 million
Known for: Improving social services while growing his wealth
His companies combine profit with social impact in Somalia’s recovering economy.
10. Hussein Farah – Net Worth: $185 Million
Hussein Farah rounds out the top 10 with a fortune built on transport, logistics, and cross-border trade.
Main income sources: Trucking, trade corridors, warehousing
Estimated Net Worth (2025): $185 million
Known for: Building reliable trade routes between Somalia and its neighbors
His transport and logistics companies support vital regional commerce.
Summary Table: Top 10 Richest Men in Somalia 2025
| Rank | Name | Estimated Net Worth | Industry |
|---|---|---|---|
| 1 | Abdirashid Duale | $950 Million | Money Transfers, Banking, Telecom |
| 2 | Ahmed Nur Ali Jimale | $700 Million | Telecommunications, Real Estate |
| 3 | Mohamed Yusuf | $520 Million | Shipping, Logistics |
| 4 | Ismail Ahmed | $450 Million | Fintech, Remittances |
| 5 | Hassan Abshir Farah | $390 Million | Agriculture, Construction |
| 6 | Abdullahi Ali Warsame | $350 Million | Real Estate, Hospitality |
| 7 | Yusuf Abdi Ali | $280 Million | Livestock, Exports |
| 8 | Mohamed Sheikh Osman | $240 Million | Retail, Wholesale |
| 9 | Abdiqani Said Arab | $210 Million | Education, Healthcare |
| 10 | Hussein Farah | $185 Million | Transport, Logistics |
Key Lessons from Somalia’s Richest Men
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Focus on industries essential to Somalia’s economy — like trade, telecom, and agriculture.
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Use regional connections — many built wealth by linking Somalia to Gulf and African markets.
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Reinvest earnings — growth comes from constantly expanding businesses.
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Support social development — improving services like education and health can also build wealth.
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Diversify — combining shipping, real estate, and banking creates stability.
FAQs – Richest Men in Somalia 2025
Who is the richest man in Somalia in 2025?
Abdirashid Duale, CEO of Dahabshiil, is the richest Somali man in 2025 with an estimated net worth of $950 million.
Are there billionaires in Somalia?
As of 2025, there are no Somali billionaires, but several are close, led by Abdirashid Duale.
Which industries create the most millionaires in Somalia?
Telecommunications, shipping, real estate, money transfer, and agriculture produce the most millionaires in Somalia.
How did Abdirashid Duale build his wealth?
By expanding Dahabshiil globally and investing in telecom and infrastructure across Africa and the Middle East.
Is telecommunications still a strong sector in Somalia?
Yes. Telecom remains one of the most competitive and profitable sectors in Somalia.
Do these men invest outside Somalia?
Most have investments in the Gulf region, East Africa, and sometimes Europe.
Which Somali started WorldRemit?
Ismail Ahmed, who launched the digital money transfer company and built a global fintech business.
Are these men included on the Forbes Billionaires List?
They appear on regional and African wealth lists, but none are official Forbes billionaires yet.
What sectors hold potential for young Somali entrepreneurs?
Fintech, logistics, renewable energy, and agribusiness are promising in 2025 and beyond.
Do Somalia’s richest men contribute to community projects?
Yes. Many invest in schools, clinics, and job creation programs to support their communities.
Final Thoughts on the Top 10 Richest Men in Somalia 2025
The top 10 richest men in Somalia in 2025 prove that even in challenging environments, entrepreneurship and vision can create vast wealth.
These men have transformed key sectors like telecommunications, banking, and shipping while creating jobs and improving lives in Somalia and beyond.
They show that Somali wealth can be built through resilience, innovation, and strategic regional partnerships.
If you’re looking for examples of African business success, these Somali entrepreneurs offer valuable lessons on growth, reinvestment, and social impact.