⬅ # 228 Viatcheslav Kantor|# 230 Joseph Lau

# 229 Micky Arison 

$9.99B

Real Time Net Worth
as of 4/12/2024
-$25.6M (-0.26%)

# 229 Micky Arison 

$9.99B

Real Time Net Worth
as of 4/12/2024
-$25.6M (-0.26%)
OccupationChair and CEO, Carnival
Source of WealthCarnival Cruises
Age74
ResidenceBal Harbour, Florida
Marital StatusMarried
Children2
EducationDrop Out, University of Miami
Age-Adjusted Net Worth$3.87B
Micky Arison
Micky Arison
United States
Net worth: $9.99B

Self-Made Score 

Wealth History

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Biography

Overview

Micky Arison, born on June 29, 1949, in Tel Aviv, Israel, is an Israeli-American billionaire businessman and the chairman of Carnival Corporation, the world's largest cruise operator.
He is the son of Ted Arison, the co-founder of Carnival Corporation, and has a sister named Shari Arison, as well as a brother named Kames Arison.
Arison immigrated to the U.S. as a young child with his father, who founded Carnival in 1972 with a single ship, prompting Arison to drop out of the University of Miami and become a sales representative for the cruise line.
During his tenure as CEO, which spanned 34 years from 1979 to June 2013, Arison played a pivotal role in growing Carnival's fleet from two ships to over 100.
In 1995, Micky Arison assumed ownership of the NBA's Miami Heat, a franchise that his father helped bring to Florida. Under Arison's ownership, the team has secured three NBA Championships in 2006, 2012, and 2013.

Career Highlights

Arison hired Pat Riley as the head coach and later team president of the Miami Heat, contributing to the team's success and winning three NBA championships.
For 34 years, Arison served as the CEO of Carnival Corporation, overseeing substantial growth in the company's fleet during his tenure.

Personal Life

Micky Arison is married to Madeleine Arison, and together they have two children.
Their son, Nick Arison, serves as the chief executive officer of the Miami Heat.
The Arison family resides in Bal Harbour, Florida.
Micky Arison owns two 200-foot yachts that he uses as homes.

How long would it take you to become as rich as Micky Arison?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Micky Arison's net worth of $9.99B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Micky Arison is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Micky Arison, Carnival Cruises is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey