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EQUITY AND REDEEMABLE INTEREST (Tables)
9 Months Ended
Sep. 30, 2022
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 - December 31, 2021168,351,305 3,489,911 1,000 118,609,332 290,451,548 
Exchanges of AOG Units 305,040 — — (305,040)— 
Redemptions of AOG Units— — — (25,000)(25,000)
Stock option exercises, net of shares withheld for tax772,228 — — — 772,228 
Vesting of restricted stock awards, net of shares withheld for tax2,973,864 — — — 2,973,864 
Cancellation of AOG Units
— — — (4,135)(4,135)
Balance - September 30, 2022172,402,437 3,489,911 1,000 118,275,157 294,168,505 
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 September 30, 2022As of December 31, 2021Three months ended September 30,Nine months ended September 30,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest2022202120222021
Ares Management Corporation175,892,348 59.79 %171,841,216 59.16 %59.74 %58.50 %59.64 %58.26 %
Ares Owners Holdings, L.P.118,275,157 40.21 118,609,332 40.84 40.26 41.50 40.36 41.74 
Total294,167,505 100.00 %290,450,548 100.00 %
Schedule of Redeemable Interests
The following table summarizes the activities associated with the redeemable interest in Ares Operating Group entities:
Total
Balance - December 31, 2021$96,008 
Changes in ownership interests and related tax benefits231 
Net income399 
Currency translation adjustment, net of tax(331)
Equity compensation48 
Distributions(8)
Balance - March 31, 2022
96,347 
Changes in ownership interests and related tax benefits(1,445)
Net loss(457)
Currency translation adjustment, net of tax(996)
Equity compensation77 
Distributions(8)
Balance- June 30, 202293,518 
Changes in ownership interests and related tax benefits1,214 
Net income93 
Currency translation adjustment, net of tax(933)
Equity compensation77 
Distributions(1,861)
Balance- September 30, 2022$92,108 

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:
Total
Balance - December 31, 2021$1,000,000 
Change in redemption value— 
Balance - March 31, 2022
1,000,000 
Change in redemption value— 
Balance - June 30, 20221,000,000 
Change in redemption value4,994 
Balance - September 30, 2022$1,004,994