A $1 Million kidnap-for-ransom payment in maritime piracy can earn a single pirate between $6,000 to $10,000.
The average kidnapping for ransom payment that resulted from maritime piracy was between $500,000 to $2 Million in 2008. In 2009, reports placed the average ransom payment higher.
Piracy involving kidnapping for ransom in Somalia employs around 1,4000 people.
Kidnapping for ransom along global shipping routes lead to an increase in insurance premiums for ships from $20,000 in 2008 to $150,000 at the end of 2009.
Ransom payments due to shipping piracy totals over $1 Billion a year, according to a report by Forbes.
Kidnap for ransom payments made to pirates in Somalia are difficult to track due to the payments being made in cash, according to the BBC. An estimated $80 million in ransom payments are believed to have been laundered by organized crime syndicates in the Gulf region, but this has been denied by Gulf authorities.