- Ted Arison
Ted Arison (1924 –
October 1 1999 ) was anIsraeli-American businessman who co-foundedNorwegian Cruise Lines in 1966 withKnut Kloster and foundedCarnival Cruise Lines in 1972.Born in
Tel Aviv ,Palestine (then under the British Mandate; now inIsrael ), he fought in theJewish Brigade of theBritish Army duringWorld War II . He moved to theUnited States in the early 1950s and createdCarnival Cruise Lines in 1972 in which he made his fortune.Later, he established the
National Foundation for Advancement in the Arts based inMiami . He brought professional basketball to South Florida with the forming of theMiami Heat in 1988, and established the philanthropicArison Foundation inIsrael and theUnited States .In 1990, he renounced his U.S. citizenship, in an effort to avoid U.S. Estate Taxes (and failed to meet the 10 years out of the United States rules on this matter, when he died in 1999) and returned to Israel and founded
Arison Investments . [cite web|title=The Real Micky Arison|url=http://www.miaminewtimes.com/2000-02-03/news/defede/|work=Miaminewtimes.com|date=February 3, 2000|accessdate=2008-01-12] In 1997 he headed a consortium that purchased the controlling share inBank Hapoalim for more than $1 billion -- the largestprivatization deal in Israel's history.His children include
Micky Arison andShari Arison .ee also
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Arison family References
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