Heat Owner Micky Arison Lost $1.3 Billion Last Year, Forbes Says

arison greedy pig.jpg
You thought your 2011 finances were bad? Despite his NBA team having its best year ever, Micky Arison's net worth dropped somewhere in the neighborhood of $1.3 billion last year, according to Forbes. Arison's main source of income comes from his CEO role and hefty financial stake in Carnival Cruise Lines, and well, it wasn't a good year at sea.

Forbes says Carnival's stocks dropped 28 percent last year, and because Arison is the majority owner of the stock, it surely affected his wallet. "High unemployment and rough economy made customers seasick," Forbes writes.

We should note that Forbes' estimates of net worth aren't exact, so neither are its estimates of losses, but it stands to reason Arison was hurt by Carnival's stock drops.

He also was fined $500,000 by the league for making a comment on Twitter about the lockout, but that's small change for Arison.

Don't feel too bad for the guy. He's still worth $4.5 billion, and it's not like rent at the American Airlines Arena is costing him anything.

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5 comments
Eva Jordon
Eva Jordon

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Doody
Doody

1) Legalized gambling in miami will not pass thru capital hill in FL    2) Savvy business men have money bcuz they take advantage of morons to make themselves good deals (morons being the crooked, ignorant politicians in Miami)

Deadbeat
Deadbeat

Micky and the Heat have never paid a penny of rent to the owners of the AA Arena - the taxpayers.

Micky and the Heat are deadbeats.

Neil's ghost
Neil's ghost

I never doubted that good old Mickey was a gargantuan loser. Or a mega hypocrite. Hear those foot steps Mickey? That is the sound of casino gambling coming to Miami. And it is kick your off shore money grubbing gambling ships right in your fat ass.

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