Israeli-American businessman Micky Arison is the CEO and chairman of the company that operates the cruise line whose ship ran aground off the Italian coast on Jan. 13.

Arison, who also owns the NBA’s Miami Heat, is the head of Carnival, of which Costa Cruises is a subsidiary.

Arison, 62, is the son of the late Carnival founder  Ted Arison. He is No. 169 on the Forbes list of the world’s billionaires, with a net worth of $5.9 billion.

Arison said in a statement that he was “deeply saddened” by the Costa Concordia disaster, the Wall Street Journal reported. — jta