Age, Biography and Wiki

Ted Arison (Theodore Arisohn) was born on 24 February, 1924 in Tel Aviv, Mandatory Palestine, is an Israeli businessman. Discover Ted Arison's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 75 years old?

Popular As Theodore Arisohn
Occupation Businessman · Military officer · sports team owner and Philanthropist
Age 75 years old
Zodiac Sign Pisces
Born 24 February 1924
Birthday 24 February
Birthplace Tel Aviv, Mandatory Palestine
Date of death 1 October, 1999
Died Place Tel Aviv, Israel
Nationality Israel

We recommend you to check the complete list of Famous People born on 24 February. He is a member of famous Founder with the age 75 years old group.

Ted Arison Height, Weight & Measurements

At 75 years old, Ted Arison height not available right now. We will update Ted Arison's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Ted Arison's Wife?

His wife is Mina Wasserman (m. 1948-1966) Marilyn "Lin" Hersh (m. 1967)

Family
Parents Not Available
Wife Mina Wasserman (m. 1948-1966) Marilyn "Lin" Hersh (m. 1967)
Sibling Not Available
Children 3, Including Micky and Shari

Ted Arison Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Ted Arison worth at the age of 75 years old? Ted Arison’s income source is mostly from being a successful Founder. He is from Israel. We have estimated Ted Arison's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1924

Ted Arison (תד אריסון; 24 February 1924 – 1 October 1999) was an Israeli businessman who co-founded Norwegian Cruise Lines in 1966 with Knut Kloster and soon left to form Carnival Cruise Lines in 1972.

Arison was born Theodore Arisohn on 24 February 1924 in Tel Aviv (in the then British Mandate of Palestine) to Meir, a wealthy businessman, and Vera Arisohn.

He was a third-generation sabra of Jewish descent in Romania's diaspora and studied commerce and economics at the American University of Beirut.

During World War II, he enlisted in the Jewish Brigade of the British Army and fought in Italy.

1927

Arison married Mina Wasserman (1927-2012), who immigrated to Israel from Romania, in 1948 and they had two children: a son Micky (born 1949) and a daughter Shari (born 1957).

1946

From 1946 to 1951, he managed M. Dizengoff & Co., a shipping company.

1948

After the British departure, he served as an officer in the Israel Defense Forces during the 1948 Arab–Israeli War, eventually achieving the rank of lieutenant colonel.

1952

Frustrated by the lack of business opportunities, Arison wrapped up his business and moved to the United States after 1952.

1954

He took his family to New York in 1954 and moved to Miami, Florida, in 1966, where he co-founded Norwegian Cruise Lines in 1966 with Knut Kloster.

1966

The couple divorced after moving to Florida in 1966.

1967

In 1967 he married Marilyn "Lin" Hersh and later adopted her son Michael (born 1961).

1971

In 1971 the partnership broke up on bad terms and Arison formed Carnival Cruise Lines in 1972 with the help of Meshulam Riklis, in which he would make his fortune.

1981

In 1981, he established the National Foundation for Advancement in the Arts based in Miami.

1986

In 1986, Arison's condominium neighbor, Count de S.G. Elkaim (Vice President at E.F. Hutton & Company, Inc.), advised him to go public before an impending big correction in the stock market.

1987

Following his advice and guidance, Carnival Cruise Lines was floated on the American Stock Exchange in July 1987, one month before the stock market top and the infamous crash of October 1987.

(Hutton was one of the four underwriters.)

No competition was able to raise money, which gave Carnival an advantage.

The stock market recovery from the emotional shock on the 1987 crash was not able to absorb this transaction.

1988

He brought professional basketball to South Florida with the formation of the Miami Heat in 1988, and established the Arison Foundation, a philanthropic institution, in Israel and the United States.

1989

In February 1989, Arison awarded in the strictest of confidence the exclusive sale of the company at $30 per share to Elkaim.

1990

In an effort to avoid estate tax in the United States, in 1990, Arison renounced his U.S. citizenship and residence and returned to Israel, where he founded Arison Investments.

1997

In 1997, Arison Investments headed a consortium that purchased the controlling share in Bank Hapoalim for more than $1 billion, the largest privatization in Israel's history.

1999

Consequently, having Carnival in the stock market and the ensuing rally until 1999 catapulted Arison to become one of the world's richest people.

Arison died in Tel Aviv on 1 October 1999.

2013

Micky Arison was Chief Executive Officer of Carnival Corporation & plc until August 2013 and is currently chairman of the company.

Shari Arison is Israel's wealthiest woman, and is the owner of Arison Investments that comprises several business companies, the largest among them Bank Hapoalim, and of several philanthropic organizations that are subsidiaries of The Ted Arison Family Foundation.

At the time of his death, Arison failed by approximately nine months to meet the requirement of being outside of United States territory for 10 years for the tax benefits of his renunciation of U.S. citizenship to be realized.