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Forbes: Heat's Arison Worth $5.7 Billion

Micky Arison is the richest man in Florida, and 211th-richest in the world

By David Hill
|  Tuesday, Mar 5, 2013  |  Updated 5:20 AM EDT
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Micky Arison

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His cruise company was at the center of a deadly ship accident, but Micky Arison still did well enough in 2012 to raise his net worth by over a billion dollars.

Financial publication Forbes posted its list of the world's billionaires, and Arison came in at number 211 with a fortune valued at $5.7 billion. He is the 64th richest man in America, and the richest in the state of Florida.

Last year, Forbes named Arison one of the five biggest money losers of 2011, estimating he lost $1.3 billion due to the then-declining stock price of Carnival and losses from the NBA lockout. At the time, Forbes valued his net worth at $4.5 billion, a full $1.4 billion below the most recent figure.

Costa Concordia ran aground off the coast of Italy in January 2012, and 32 people died as a result of the accident, with another 64 injured. Costa Crociere, which owns the ship, is a unit of Miami-based Carnival Corp.

Arison "Very Sorry" Costa Wreck Happened

South Florida residents know Arison as the owner of the Miami Heat, but he made his fortune as the chairman and CEO of cruise operator Carnival Corp, which his father Ted Arison co-founded in 1972.

Arison has been one of the least visible owners in the NBA, a stark contrast to fellow Miami owners Stephen Ross (of the Dolphins) and Jeffrey Loria (of the Marlins). No longer the CEO of the Heat, Arison handed the reins to his son, Nick, in 2011.

Arison Fined $500K for Tweets: Report

Arison's father was an original investor in the Heat when it became an expansion franchise in 1988. Arison acquired a controlling stake in the team in 1995.

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