EQUITY AND REDEEMABLE INTEREST (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class

The following table presents the changes in each class of common stock:

	Class A Common Stock	Non-Voting Common Stock	Class B Common Stock	Class C Common Stock	Total
Balance as of December 31, 2022	173,892,036	3,489,911	1,000	117,231,288	294,614,235
Issuance of stock	2,591,432	—	—	—	2,591,432
Issuance of AOG Units(1)	—	—	—	3,473,026	3,473,026
Exchanges of AOG Units	3,679,556	—	—	(3,679,556)	—
Stock option exercises, net of shares withheld for tax	4,742,044	—	—	—	4,742,044
Vesting of restricted stock awards, net of shares withheld for tax	2,164,839	—	—	—	2,164,839
Balance as of December 31, 2023	187,069,907	3,489,911	1,000	117,024,758	307,585,576

(1) Represents issuance of AOG Units to the recipients of the management incentive program from the acquisition of Black Creek Group’s real estate investment advisory and distribution business (the “Black Creek Acquisition”), which relieved the associated liability following the maximum contingent payment being met as of December 31, 2022. Pursuant to an agreement with the recipients of the Black Creek Acquisition management incentive program, a portion of such AOG Units were issued in lieu of cash consideration which was payable pursuant to the Black Creek Acquisition management incentive program. 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 AOG entities, as well as its daily average ownership of AOG Units in each of the AOG entities:

					Daily Average Ownership
	As of December 31, 2023		As of December 31, 2022			Year ended December 31,
	AOG Units	Direct Ownership Interest	AOG Units	Direct Ownership Interest		2023	2022	2021
Ares Management Corporation	190,559,818	61.95%	177,381,947	60.21%		60.83%	59.76%	58.48%
Ares Owners Holdings, L.P.	117,024,758	38.05	117,231,288	39.79		39.17	40.24	41.52
Total	307,584,576	100.00%	294,613,235	100.00%

Schedule of Redeemable Interests

The following table summarizes the activities associated with the redeemable interest in AOG entities:

	Total
Balance as of December 31, 2020	$	100,366
Distributions	(2,390)
Net loss	(1,341)
Currency translation adjustment, net of tax	(627)
Balance as of December 31, 2021	96,008
Distributions	(1,887)
Net loss	(851)
Currency translation adjustment, net of tax	(426)
Equity compensation	285
Balance as of December 31, 2022	93,129
Changes in ownership interests and related tax benefits	(66,507)
Distributions	(2,883)
Net income	226
Currency translation adjustment, net of tax	(41)
Equity compensation	174
Balance as of December 31, 2023	$	24,098

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:

	Total
Balance as of December 31, 2021	$	1,000,000
Change in redemption value	13,282
Balance as of December 31, 2022	1,013,282
Gross proceeds from the initial public offering of AAC II	500,000
Change in redemption value	55,530
Redemptions from Class A ordinary shares of AAC I	(1,045,874)
Balance as of December 31, 2023	$	522,938