Carnival Cruise Lines Founder Dies

Friday, October 01, 1999
Ted Arison, founder of Carnival Cruise Lines, reportedly died of a heart attack on Oct. 1 in Tel Aviv at the age of 75. Arison, listed in Forbes magazine as one of the world's richest men, made most of his fortune in the United States and had vast business interests in Israel. He assumed management of a passenger shipping company in Miami, Florida, soon after retiring there in 1966, and started Carnival Cruise Lines in 1972 after buying his first liner, Mardi Gras. Miami-based Carnival Corp. is now the world's biggest cruise operator with 45 ships and lines including Cunard and Holland America. It recently reported third quarter 1999 net income of $415.1 million.

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