Ted Arison

Career Frustrated by the lack of business opportunities, Arison wrapped up his business and moved to the United States in 1952. He took his family to New York in 1952 and moved to Miami, Florida, in 1966, In 1971 the partnership broke up on bad terms and Arison formed Carnival Cruise Lines in 1972 with the help of Meshulam Riklis.

In 1986, Arison's condominium neighbor, Count de S.G. Elkaim (Vice President at E.F. Hutton & Company, Inc.), advised him to go public before an impending big correction in the stock market. Following his advice and guidance, Carnival Cruise Lines was floated on the American Stock Exchange in July 1987, one month before the stock market top and the infamous crash of October 1987.

Arison was a member of the Non-Group, a civically influential group of Miami business elites.

In February 1989, Arison awarded in the strictest of confidence the exclusive sale of the company at $30 per share to Elkaim. The stock market recovery from the emotional shock on the 1987 crash was not able to absorb this transaction. Consequently, having Carnival in the stock market and the ensuing rally until 1999 catapulted Arison to become one of the world's richest people. In 1997, 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.

Family Arison married Mina Wasserman (1927–2012), who immigrated to Israel from Romania, in 1948 and they had two children: a son Micky (born 1949) and a daughter Shari (born 1957). The couple divorced after moving to Florida in 1966. In 1967 he married Marilyn "Lin" Hersh and later adopted her son Michael (born 1961).

Death Arison died in Tel Aviv on 1 October 1999. Micky Arison was chief executive officer of Carnival Corporation & plc until August 2013 and is currently chairman of the company. Shari Arison is Israel's wealthiest woman, and is the owner of Arison Investments that comprises several business companies, the largest among them Bank Hapoalim, and of several philanthropic organizations that are subsidiaries of The Ted Arison Family Foundation.

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 U.S. citizenship to be realized.