Somalia’s wealth landscape in 2026 is dominated by two names: Abdirashid Duale and Ahmed Nur Ali Jimale. Duale is the CEO of Dahabshiil. He has an estimated net worth of $950 million, and Ahmed Nur Ali Jimale, who is the co‑founder of Hormuud Telecom, worth about $700 million. These two figures sit far ahead of the rest of the richest people in Somalia. The fortunes of the remaining 8 wealthy indidividuals in Somalia range between $185 million and $520 million. Unlike the billionaire dynasties seen elsewhere in Africa, Somalia’s richest people built their empires in telecom, money transfers, shipping, and real estate, industries that fuel both the local economy and the Somali diaspora. This list reveals the top 10 wealthiest Somalis in 2026, how they made their money, and the impact their businesses have on a nation still rebuilding its future.
Key Takeaways
Below is a detailed look at Somalia’s wealthiest individuals in 2026, using a consistent structure for clarity.
Abdirashid Duale inherited Dahabshiil from his father, Mohamed Said Duale, and grew it into Africa’s largest money-transfer network, covering over 120 countries with 24,000+ outlets and 2,000 employees. Duale has steered its expansion into banking and telecommunications and supports infrastructure and women’s entrepreneurship in Somaliland and Somalia. He’s earned global recognition, including awards from Cambridge IFA and Coutts Bank, showing his influence stretches beyond borders.
One of the founding figures in Somalia’s telecom boom, Jimale helped launch Hormuud Telecom, now the country’s largest mobile and internet provider. His investments in Mogadishu real estate complement his telecom empire, earning him a stronghold in both urban infrastructure and digital connectivity.
Yusuf built a logistics empire by integrating shipping and port services across East Africa and the Gulf region. His infrastructure investments help position Somalia as a growing trade hub, tapping into both regional demand and international commerce.
Ahmed founded WorldRemit to modernize remittances via mobile and digital channels, disrupting traditional money-transfer systems. His success has connected millions, particularly across Africa, and earned him recognition as one of Britain’s most influential immigrants.
Farah’s ventures in farming (especially grains and livestock), construction, and retail distribution are critical to Somalia’s rebuilding economy. His projects modernize rural agriculture and contribute essential urban development.
Warsame has built some of Mogadishu’s most iconic hotels and business towers. His diversification into finance and residential real estate underlines the country’s recovery and growing middle class.
Ali commands one of Somalia’s oldest export sectors; livestock, serving Gulf markets. By integrating trade and shipping, he’s modernized a centuries-old business and made it globally competitive.
Osman built one of Somalia’s largest consumer goods distribution systems, supplying food and essentials. His network spans borders, playing a key role in regional trade.
Arab is a rare example of combining social impact with business. His investments in private education, healthcare, and real estate have spurred community development while generating steady returns.
Farah has built a robust transport business connecting Somalia with neighboring nations and global markets. His logistics solutions serve as backbone to trade and commerce recovery in the region.
It’s Abdirashid Duale, at approximately $950 million, thanks to his leadership of Dahabshiil and strategic expansion into banking and telecom. His ability to scale a remittance business into a global financial network cements his position at the top of Somalia’s wealth ranks.
The richest woman in Somalia is Amina Moghe Hersi.
In the current list, there’s no female billionaire or multimillionaire included. However, notable Somali women entrepreneurs like Amina Moghe Hersi have forged success in real estate, commodities, and infrastructure. While not in the top 10 by net worth yet, they are rising fast and disrupting male dominated sectors globally.
Somalia may not boast Forbes’ list billionaires in 2026, but its top-tier entrepreneurs come impressively close. Their wealth stems from sectors like telecom, remittances, logistics, and social services.
I am Eddah, a professional blogger specializing in wealth analysis and financial insights. As a contributor to Fineducke.com, I explore the world’s richest individuals, their net worth, and financial moves shaping economies. With a keen eye for detail, I turn complex data into engaging, easy-to-read content that informs and inspires
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