Micky Arison is a businessman who is an Israeli-American and the chairman of the world’s largest cruise operator “Carnival Corporation & plc”. He is also the owner of the basketball team “Miami Heat” of the National Basketball Association (NBA). Let’s find out more about Micky Arison’s net worth in 2018.
Micky Arison Early Life
Micky Arison was born on June 29, 1949, in Tel Aviv, Israel. His father Ted Arison was the co-founder of the Carnival Corporation along with Meshulam Riklis. He has one brother and sister named Kames Arison and Shari Arison.
He went to the University of Miami but later dropped out to work in the sales department in his father’s company. He is married to Madeleine Arison and together they are the parents of two children. His son Nick Arison is the Chief Operating Officer (CEO) of Miami Heat.
Micky Arison Career, Awards & Achievement
Micky Arison started his career in the year 1972 when he decided to drop out of college to work in his father’s Carnival Cruise Lines business. After two years he was made the reservations manager where he used to plan new marketing strategies for their company.
Arison developed a new affordable pricing plan to attract the young demographic as well old people who-who had never taken a cruise.
In 1976, he was made the vice president of passenger traffic. Three years later he was named the President of the company.
As the company was steadily growing, he took the company to the public in the year 1987. The company got $400 million in the initial public offering (IPO) which helped the company to expand its operations.
Arison acquired one of the world’s oldest and most revered cruise lines “Holland America”.
In 1990, he was made the CEO of the company when his father stepped down from his position. He also acquired a large stake in the Seabourn Cruise Line in 1992 and Costa Cruises, in 1997.
During 1997 to 1999, he ordered the building of 15 more ships and by 2001 the company had 35 percent market share.
In 2002, Arison acquired “P&O Princess Cruises” which had established markets in Australia, United Kingdon, and the United States. After acquiring P&O, the company Carnival Corporation became the world’s largest cruise company.
Arison expanded the company’s fleet by buying the “Queen Mary 2” in the year 2004 which was the world’s largest ocean liner.
Awards & Achievements
In 2003, Micky Arison was awarded the “Seatrade Personality Award”. He is also the owner of the basketball team Miami Heat since 1995. Arison’s Miami Heat won the 2013 NBA Finals, 2012 NBA Finals, and the 2006 NBA Finals. He took the company from number 1 from being bottom feeders in just 10 years. In his 34 years as the CEO of the Carnival Corporation & plc, he was able to grow the company’s fleet from 2 ships to more than 100, before stepping down in the year 2013.
Net Worth of Micky Arison
The estimated net worth of Micky Arison is more than $10 billion. In 2011, he was listed as the “169th wealthiest person in the world” by the Forbes magazine. In 1995, he bought the basketball team Miami Heat for $68 million. He also made the Crystal Palace Resort and Casino for an estimated $250 million in the Bahamas. In 2003, he sold more than $100 million of his company’s stock.
Micky Arison is one of the most renowned businessmen in the world. He is known for his open-door management style and always gave importance to the company marketing and growth priorities. Arison was also the managing general partner of the Miami Heat and also served a three-year term as the chairman of the NBA Board of Governors.