What is Micky Arison's Net Worth?





Micky Arison - Miami Heat

Name: Micky Arison

Born: June 29th, 1949

Company: Carnival Corporation (CCL)

Position: Chairman, CEO


Micky Arison currently has a net worth of an estimated:

$9,288,429,775




Micky Arison's net worth increased by $331,167,856 on 9/27/2016


Information:

Micky Arison, who currently serves as the Chief Executive Officer of Carnival Corporation (CCL), is likely best known as being the owner of the Miami Heat.

Micky Arison's father, Ted Arison, founded Carnival Cruise Lines in 1972. Micky grew up in the business, working his way through the company before being named Chairman and CEO of the corporation in 1990. Arison, who was born on June 29th, 1949, has retained these positions ever since.

During Micky Arison's time as the leader of Carnival Cruise Lines, the company has seen their yearly revenues increase by well over $10 billion. The company currently has a market value of approximately $25 billion.

--

As mentioned, Arison is likely best known for being the owner of the Miami Heat.

Mickey's father and two other men, Billy Cunningham and Lewis Schaffel, brought the Miami Heat to Florida in 1989. The three men shelled out $32.5 million in expansion fees in order to bring the team to South Beach.

In 1995, Micky Arison bought out the co-owners of the team for a reported $68 million and took over control of the team. Since Arison took over the Heat, the likes of LeBron James, Dwyane Wade and Shaquille O'Neal have played for the team. The ability to attract big names to South Beach has allowed the Heat to win three titles since Arison took over the team in 1995.

Arison's biggest coup since taking over the Miami Heat was building the "Big Three", which consists of Wade, LeBron James and Chris Bosh. Since attracting LeBron James to the Miami Heat, Arison has seen the value of his franchise soar from a reported $364 million to a current value of over $600 million. The team's success has resulted in more corporate sponsors, more jersey sales and increased ticket revenues. In addition, Arison and the Heat will likely be in for a big pay raise when they re-up their regional TV deal in a couple of years. The Heat have been able to soar in value despite the fact that their regional TV deal pays them far less than a team like the Los Angeles Lakers.

According to Forbes.com, the Miami Heat brought in $150 million in revenues in 2012 for total operating income of $14.9 million.

Note: Lebron James and Chris Bosh decided to leave the Miami Heat in July of 2014, which will certainly result in a diminished value for the Miami Heat.

--

The bulk of Arison's wealth comes from the 173,386,312 shares of Carnival Cruises that he beneficially owns.

In addition to his stake in Carnival Cruises and his ownership of the Miami Heat, Arison also reportedly owns two 200 foot yachts.



Q: How many shares of Carnival Corporation does Micky Arison own?

A: 173,386,312


Notes:

Micky Arison is worth 120,161 times more than the median US household

If Micky Arison sold everything that they owned, they could fund the United States' deficit spending for 3.1 days.



Most Recent SEC Filings From Micky Arison

4 - Statement of changes in beneficial ownership of securities
Filed: February 11, 2016, 2:19 pm

4 - Statement of changes in beneficial ownership of securities
Filed: February 11, 2016, 2:18 pm

SC 13D/A [Amend] - General statement of acquisition of beneficial ownership
Filed: January 8, 2016, 1:50 pm

SC 13D/A [Amend] - General statement of acquisition of beneficial ownership
Filed: January 8, 2016, 1:48 pm

SC 13D/A [Amend] - General statement of acquisition of beneficial ownership
Filed: December 8, 2015, 1:43 pm


Recent Updates

July 11th, 2014 - Lebron James decided to leave the Miami Heat, which will result in a diminished value for the club.



--

Note: Net Worth changes calculated at 4 pm EST daily

The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.