USA TODAY has an interesting article today entitled "Titans of the Cruise Industry See Net Worth Rise."

Forbes’ annual ranking of the world’s billionaires for 2013 lists Carnival mogul Micky Arison at No. 211 with a net worth of $5.7 billion, up from $4.7 billion a year ago.  Arison’s net worth has nearly doubled from four years ago.

Another Carnival heir, Shari Arison, is now worth $4.2 billion, up from $3.4 billion just three years ago, according to Forbes.

Carnival operates over 100 cruise ship among 10 brands including Carnival, P&O Cruises, Princess Cruises, Holland America Line and Cunard.

How does cruise tycoon Arison get so rich?  

Registering his cruise lines in foreign countries (like Panama) to avoid U.S. corporate taxes, operating foreign-flagged cruise ships filled with employees from around the world who will work long hours for low wages, not reimbursing the U.S. government for millions incurred by federal agencies like the Coast Guard, Navy, etc., and offering peanut settlements to tax-paying U.S. citizens when his cruise ships sink or catch on fire may be part of the explanation. 

Micky Arison - Carnival Cruise Income - Tax

Art Credit:  Nickolay Lamm from MyVoucherCodes.co.uk

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2 Responses to Carnival CEO Micky Arison’s Net Worth Increases from $4,700,000,000 to $5,700,000,000, Notwithstanding Costa Concordia Disaster

Micky is a Jobs Creator, he worked hard for that money. By my caculations he worked about 10,000 times harder than any teacher, nurse, policeman, or fireman. He worked about 50,000 times harder than any crew member. Not only did he work harder, he might have to pay as much income tax as any of the above mentioned moochers. I feel like writing a check and sending it to him so he can create more jobs.

The above drawing illustrate 8 bags of money that comes to a total of $795,200,000 million not $7,952,000,000 billion.

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