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Ted Arison

Born: 1924
Birthplace: Tel Aviv, Israel
Died: 1-Oct-1999
Location of death: Tel Aviv, Israel
Cause of death: Heart Failure

Gender: Male
Religion: Jewish
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business
Party Affiliation: Republican

Nationality: Israel
Executive summary: Founder of Carnival Cruise Line

Military service: British Army (WWII), Israel Defense Forces (1948-50)

Ted Arison entered the shipping business in the late 1940s, operating a cargo line between Israel and New York that went bankrupt within a few years. He worked as cargo manager for Israel's El Al Airlines, then spent several years managing a Florida cruise line. With financial backing from billionaire Meshulam Riklis, he launched the Carnival cruise line in 1972 as a subsidiary of Riklis's American International Travel Service, and in 1974 he bought out Riklis's interest in the cruise line. Over the next decade Carnival became the dominant cruise line, largely due to the popularity of TV's The Love Boat, and Arison became one of the world's wealthiest men.

In 1983 he purchased Ensign Bank, a New York thrift, and seven years later it was declared insolvent and liquidated by the Federal Deposit Insurance Corporation (FDIC). In 1988 he provided financial backing as majority owner of the Miami Heat, an NBA expansion team, and in 1995 his family took active control of the franchise. In 1990 Arison renounced his American citizenship to avoid paying taxes and resettled in Israel, where he spent the rest of his life. In 1997 he purchased a controlling interest in Bank Hapoalim, the largest bank in Israel. He died in 1999.

Father: Meir Arison
Wife: Mina Wasserman Arison (m. 1948, div.)
Son: Micky Meir Arison (Carnival executive, b. 1949)
Daughter: Shari Arison (Bank Hapoalim executive, b. 1957)
Wife: Marilyn Hersh Lin Arison (m. 1968)
Son: Michael Arison

    M. Dizengoff & Company Manager (1946-51)
    El Al Airlines Cargo Manager (1954-59)
    Trans Air Founder and President (1959-68)
    Arison Shipping Company Founder and President (1966-73)
    Carnival Co-Founder and President (1972-80)
    Ensign Bank President (1983-90)
    National Foundation for Advancement in the Arts Founder (1981)
    Bank Hapoalim Majority owner (1997-99)
    Naturalized US Citizen
    Renounced US Citizenship 1990
    Jewish Ancestry
    Israeli Ancestry
    Palestinian Ancestry
    Romanian Ancestry

    Miami Heat Founding Owner (1988)

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