Arison has been the owner of the Miami Heat since 1995. During his ownership, Arison hired Pat Riley as the team's head coach (and later team president) and under Arison's ownership the team has won three NBA championships (2006, 2012, and 2013).[3]
Compensation and wealth
In 2011, Forbes magazine calculated Arison's wealth at $7 billion, making him the 169th wealthiest person in the world. In 2009, he earned $7,201,110, which included a base salary of $880,000, a cash bonus of $2,206,116, stocks granted of $3,618,481, and other compensation totaling $496,513.[4]
Personal life
Arison is married to Madeleine Arison, and they have two children.[5][6] Their son Nick Arison is chief executive officer of the Miami Heat.[7]
He resides in Bal Harbour, Florida.[8] Arison owns two 200-foot (61 m) yachts which he uses as homes.