Unique Cruise Solutions

The news you need to know

Home

 

Special Features

 

Headlines

 

Industry Insider

 

Ports & Itineraries

 

Worldwide's News

 

Back to Menu

 

Back to News Menu

Cruise News for the Corporate Travel Professional

February 2010 Edition

Menu

Past Issue
Hot Cruise Deals
Cruise Products
Ship Report Archives
Resources
America's Cup Races
About us
Our Services
Contact Us
End Subscription
Our Web-Site
Privacy Policy

The past year has been a good one to be a titan of the cruise industry

 
A year ago, as cruise stocks were plunging along with the economy, wealth watcher Forbes was pegging Micky Areson the Carnival mogul's net worth at just $2.9 billion -- a multi-year low. But with the industry on the rebound, Arison's fortunes once again are on the rise.

Forbes' annual ranking of the world's billionaires for 2010, out late Wednesday, puts Arison's net worth at $4.4 billion, placing him at No. 189 on the magazine's closely-watched list. A year ago he ranked at No. 221.

Arison still has a long way to go to reach his former glory. As recently as four years ago, when the cruise business was riding high, Arison's hefty stake in Carnival had landed him among the 100 richest people in the world. In 2006, Forbes estimated Arison's net worth at more than $6 billion, putting him at No. 94 on the list. He ranked at No. 129 in 2007 and No. 189 in 2008.

Micky Arison isn't the only Arison whose fortunes are rebounding. Another Carnival heir, Shari Arison, is now worth $3.4 billion, up from $2.7 billion a year ago, according to Forbes. Alas, Shari Arison's rising wealth isn't enough to keep her in place in the rankings, where she has dropped to No. 277 from No. 234 in 2009. Four years ago she was within striking distance of the Top 100 at 109.

Another would-be cruise mogul, Leon Black, also is doing better. The self-made financier who controls Apollo Management -- the private equity firm that in turn controls Oceania Cruises, Regent Seven Seas Cruises and Norwegian Cruise Line -- almost didn't make the Forbes list last year as his net worth plunged to just $1.1 billion. But this year he's on the rebound with a net worth that Forbes pegs at $2.5 billion. He now ranks No. 277 on the list, up from No. 647 a year ago.

Also faring better are the many members of the Pritzker family of Chicago who collectively own a sizable chunk of Royal Caribbean. Forbes says Thomas Pritzker is now worth $1.6 billion, up from $1.3 billion a year ago (though his ranking on the list has fallen to No. 616 from No. 559 in 2009). Jay Robert Pritzker, Anthony Pritzker and Penny Pritzker, with $1.4 billion a piece, are next at No. 721, followed by a half dozen more Pritzkers who tie at No. 773.
 

   
 

   
   

Up

   
 

  Up
 

Worldwide Travel & Cruise Assoc., Inc.

150 S. University Dr.  Ste E, Plantation, FL 33324 - USA

Tel: +1 954 452 8800  Fax: +1 954 252 3945

EMail: sales@cruiseco.com

Designed & Published by: Worldwide Media.