<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001025976</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001176948</issuerCik>
            <issuerName>ARES MANAGEMENT CORPORATION</issuerName>
            <secFileNumber>001-36429</secFileNumber>
            <issuerAddress>
                <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                <ns2:city>Los Angeles </ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>90067</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>3102014100</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>TRENTLY HOLDINGS LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>125000</noOfUnitsSold>
            <aggregateMarketValue>21876250.00</aggregateMarketValue>
            <noOfUnitsOutstanding>198390128</noOfUnitsOutstanding>
            <approxSaleDate>11/22/2024</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>05/01/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Founders Shares</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>125000</amountOfSecuritiesAcquired>
            <paymentDate>05/01/2024</paymentDate>
            <natureOfPayment>N/A</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/21/2024</saleDate>
            <amountOfSecuritiesSold>33284</amountOfSecuritiesSold>
            <grossProceeds>5830664.49</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/20/2024</saleDate>
            <amountOfSecuritiesSold>26518</amountOfSecuritiesSold>
            <grossProceeds>4539295.55</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/19/2024</saleDate>
            <amountOfSecuritiesSold>20000</amountOfSecuritiesSold>
            <grossProceeds>3387796.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/18/2024</saleDate>
            <amountOfSecuritiesSold>15816</amountOfSecuritiesSold>
            <grossProceeds>2645167.48</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/15/2024</saleDate>
            <amountOfSecuritiesSold>19775</amountOfSecuritiesSold>
            <grossProceeds>3311327.71</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/30/2024</saleDate>
            <amountOfSecuritiesSold>14536</amountOfSecuritiesSold>
            <grossProceeds>2116832.62</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/29/2024</saleDate>
            <amountOfSecuritiesSold>13539</amountOfSecuritiesSold>
            <grossProceeds>1964391.11</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/28/2024</saleDate>
            <amountOfSecuritiesSold>27687</amountOfSecuritiesSold>
            <grossProceeds>4022910.03</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/27/2024</saleDate>
            <amountOfSecuritiesSold>25525</amountOfSecuritiesSold>
            <grossProceeds>3754418.65</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/26/2024</saleDate>
            <amountOfSecuritiesSold>19262</amountOfSecuritiesSold>
            <grossProceeds>2826552.11</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for TRENTLY HOLDINGS LLC</name>
                <address>
                    <ns2:street1>1800 Avenue of the Stars, Suite 1400</ns2:street1>
                    <ns2:city>Los Angeles </ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/23/2024</saleDate>
            <amountOfSecuritiesSold>36059</amountOfSecuritiesSold>
            <grossProceeds>5277378.89</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>11/22/2024</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>08/16/2024</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ David Kaplan</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
