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EQUITY AND REDEEMABLE INTEREST (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
The following table presents the changes in each class of common stock:

Class A Common StockNon-Voting Common StockClass B Common StockClass C Common StockTotal
Balance - January 1, 2021147,182,562  1,000 112,447,618 259,631,180 
Issuance of stock(1)
12,159,200 3,489,911 — 8,744,296 24,393,407 
Exchanges of AOG Units 2,524,292 — — (2,524,292)— 
Redemptions of AOG Units— — — (58,290)(58,290)
Stock option exercises, net of shares withheld for tax1,976,520 — — — 1,976,520 
Vesting of restricted stock awards, net of shares withheld for tax4,508,731 — — — 4,508,731 
Balance - December 31, 2021168,351,305 3,489,911 1,000 118,609,332 290,451,548 
(1) Issuances of Class C Common stock corresponds with increases in Ares Owners Holdings L.P.’s ownership interest in the AOG entities.
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 December 31, 2021As of December 31, 2020Year ended December 31,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest202120202019
Ares Management Corporation171,841,216 59.16 %147,182,562 56.69 %58.48 %53.98 %48.02 %
Ares Owners Holdings, L.P.118,609,332 40.84 112,447,618 43.31 41.52 46.02 51.98 
Total290,450,548 100.00 %259,630,180 100.00 %
Schedule of Redeemable Interests
Redeemable Interest

The following table summarizes the activities associated with the redeemable interest in Ares Operating Group entities:
Total
Opening balance at July 1, 2020$99,804 
Net loss(976)
Currency translation adjustment, net of tax1,538 
Balance - December 31, 2020$100,366 
Net loss(1,341)
Currency translation adjustment, net of tax(627)
Distribution(2,390)
Balance- December 31, 2021$96,008 


The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:
Total
Balance - January 1, 2021$ 
Change in redemption value1,000,000 
Balance - December 31, 2021
$1,000,000