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EQUITY (Tables)
6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
The following table presents the changes in each class of common stock:

Class A Common StockClass B Common StockClass C Common StockTotal
Balance - January 1, 2020115,242,028  1,000   115,243,029  
Issuance of stock12,130,540  —  115,199,620  127,330,160  
Exchanges of AOG Units (1)
1,777,639  —  (401,217) 1,376,422  
Stock option exercises, net of shares withheld for tax3,599,504  —  —  3,599,504  
Vesting of restricted stock awards, net of shares withheld for tax2,586,232  —  —  2,586,232  
Balance Outstanding - June 30, 2020135,335,943  1,000  114,798,404  250,135,347  

(1) Effective March 30, 2020, Class C common stock activity represents redemptions to correspond with exchanges of AOG Units.
Schedule of Ownership Interests
The following table presents each partner's AOG Units and corresponding ownership interest in each of the Ares Operating Group entities, as well as its daily average ownership of AOG Units in each of the Ares Operating Group entities:

Daily Average Ownership
As of June 30, 2020As of December 31, 2019Three months ended June 30,Six months ended
June 30,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest2020201920202019
Ares Management Corporation135,335,943  54.11 %115,242,028  49.70 %53.73 %47.38 %52.13 %47.09 %
Ares Owners Holding L.P.114,798,404  45.89  116,641,833  50.30  46.27  52.62  47.87  52.91  
Total250,134,347  100.00 %231,883,861  100.00 %