1. Ted Arison 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.
10 Facts About Ted Arison
1. 2.
Ted Arison was a third-generation sabra of Jewish descent in Romania's diaspora and studied commerce and economics at the American University of Beirut.
3.
Frustrated by the lack of business opportunities, Arison wrapped up his business and moved to the United States after 1952.
4.
Ted Arison took his family to New York in 1952 and moved to Miami, Florida, in 1966, where he co-founded Norwegian Cruise Lines in 1966 with Knut Kloster.
5.
In 1971 the partnership broke up on bad terms and Ted Arison formed Carnival Cruise Lines in 1972 with the help of Meshulam Riklis.
6.
Ted Arison 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.
7.
In February 1989, Ted Arison awarded in the strictest of confidence the exclusive sale of the company at $30 per share to Elkaim.
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Meshulam Riklis 8.
Consequently, having Carnival in the stock market and the ensuing rally until 1999 catapulted Arison to become one of the world's richest people.
9.
In 1997, Ted 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.
10.
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 US citizenship to be realized.