Apparently, his heirs live on in the waters off the coast of Somalia, the prototypical failed state: http://www.timesonline.co.uk/tol/news/world/africa/article4842684.ece. I honestly can't believe that piracy lives on in today's world, but it is a problem not only here but in the waters off the Indonesian archipelago. However, in the waters off Somalia it is taking on a far more dangerous dimension, as we see the beginnings of a union (perhaps of convenience) between the pirates and Islamofascists.
As the article reports, the pirates are now going hutning for Americans and Israelis. Isn't that reassuring?