Watch CBS News

Heat May Be Arison's Best Investment

MIAMI ( – If you were hoping to see Miami Heat tickets or Carnival Cruise Line tickets go down in price; you're probably going to be out of luck for the coming year.

According to Forbes via, Carnival Cruise Lines and Miami Heat owner Micky Arison saw the value of his stock in Carnival drop 28 percent last year, which translated to a $1.3 billion loss on paper.

Don't fret for Arison though, according to Forbes, he's still worth an estimated $4.5 billion.

And while Carnival struggles to right the ship, Arison's investment in the Heat continues to pay dividends, so to speak.

The Heat sold out every game last season, brought in Chris Bosh and LeBron James, made a NBA Finals run, and did it without jumping into the league's luxury tax system, according to ESPN.

This season though, based on the renegotiated collective bargaining agreement with NBA players, the Heat will pay the luxury tax and new revenue-sharing amounts will spread the wealth from the success of the Heat to poorly run teams in the NBA.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.