Valuation snapshotSource: Forbes NBA Valuations, Oct 2025
Latest estimated value
$5.7B
Estimated annual revenue
$417M (Forbes 2025, 2024-25 season)
Implied revenue multiple
13.7x (calc.)
YoY change
+34% (1-yr)
Most recent transaction
Minority Stake
Implied valuation, last tx
—
Ownership
Controlling ownerMicky Arison (Arison family)
Ownership stake—
Owner since1995
Acquisition price—
Notable investors
- · Josh Kushner (<5%, 2024)
Transaction history
1 on file| Date | Type | Buyer | Seller | Stake | Price | Implied Val | Mult. | Conf. |
|---|---|---|---|---|---|---|---|---|
| 2024-12-01 | Minority Stake | Josh Kushner (Thrive Capital) | Undisclosed minority holder (not the Arison family) | <5% | Undisclosed | — | — | Medium |
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Valuations and revenue estimates on this page are sourced from publicly available reporting and are presented for informational purposes only. SportsCapIQ is not affiliated with the Miami Heat, the NBA, or any party referenced. See full methodology and disclaimer.