A 2025 inductee into the Naismith Memorial Basketball Hall of Fame, Micky Arison built his career overseeing the expansion of the world's largest cruise operator, Carnival Corporation. Born in Tel Aviv in 1949 and later attaining United States citizenship, he transitioned from a role as a sales representative to a long tenure as the company's chief executive officer.
Leadership at Carnival Corporation
Arison joined Carnival Corporation after attending the University of Miami School of Business. He served as the firm's chief executive officer from 1979 until 2013, maintaining a focus on his responsibilities as a ship-owner. His compensation in 2009 totaled $7,201,110, consisting of a base salary of $880,000, a cash bonus of $2,206,116, stocks valued at $3,618,481, and $496,513 in additional compensation.
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Since 1995, Arison has held ownership of the Miami Heat. During this period, he appointed Pat Riley as head coach and later team president. The organization secured three championships in 2006, 2012, and 2013 under his guidance. His son, Nick Arison, currently serves as the chief executive officer for the team.
Wealth and Personal Holdings
As of March 2025, his personal wealth was estimated at $8.65 billion, earning him a position at number 137 on the 2024 Forbes 400 list. Arison and his wife, Madeleine, have two children. His lifestyle includes the use of two 200-foot yachts as residences. In January 2025, he completed the sale of his Bal Harbour, Florida, condominium for $5.8 million, representing a value of $1,134 per square foot.
Fast facts
- Born: 1949, Tel Aviv
- Citizenship: United States
- Education: University of Miami
- CEO of Carnival Corporation: 1979-2013
- Miami Heat owner since: 1995
- Net worth as of March 2025: $8.65 billion
- Hall of Fame induction: 2025
Questions readers ask
What is Micky Arison's primary business connection?
He is the chairman of Carnival Corporation, the world's largest cruise operator.
How many championships has the Miami Heat won under his ownership?
The team won three championships, specifically in 2006, 2012, and 2013.
Achievements
- Naismith Memorial Basketball Hall of Fame — 2025
- Educated at University of Miami
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