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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 3,631,884 $ 3,055,443 $ 4,212,091
Expenses      
Compensation and benefits 1,486,698 1,498,590 1,162,633
Performance related compensation 607,522 518,829 1,740,786
General, administrative and other expenses 660,146 695,256 444,178
Expenses of Consolidated Funds 43,492 36,410 62,486
Total expenses 2,797,858 2,749,085 3,410,083
Other income (expense)      
Total other income, net 499,037 204,448 263,682
Income before taxes 1,333,063 510,806 1,065,690
Income tax expense 172,971 71,891 147,385
Net income 1,160,092 438,915 918,305
Less: Net income attributable to non-controlling interests in Consolidated Funds 274,296 119,333 120,369
Net income (loss) 885,796 319,582 797,936
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 226 (851) (1,341)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 411,244 152,892 390,440
Net income attributable to Ares Management Corporation 474,326 167,541 408,837
Less: Series A Preferred Stock dividends paid 0 0 10,850
Less: Series A Preferred Stock redemption premium 0 0 11,239
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 474,326 167,541 386,748
Class A Common Stock and Non-Voting Common Stock      
Other income (expense)      
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders $ 474,326 $ 167,541 $ 386,748
Net income per share of Class A and non-voting common stock:      
Basic (in dollars per share) $ 2.44 $ 0.87 $ 2.24
Diluted (in dollars per share) $ 2.42 $ 0.87 $ 2.15
Weighted-average shares of Class A and non-voting common stock:      
Basic (in shares) 184,523,524 175,510,798 163,703,626
Diluted (in shares) 195,773,426 175,510,798 180,112,271
Ares Operating Group      
Other income (expense)      
Net realized and unrealized gains on investments $ 77,573 $ 4,732 $ 19,102
Interest and dividend income 19,276 9,399 9,865
Interest expense (106,276) (71,356) (36,760)
Other income, net 4,819 13,119 14,402
Consolidated Funds       
Other income (expense)      
Net realized and unrealized gains on investments 262,700 73,386 77,303
Interest expense (754,600) (411,361) (258,048)
Interest and other income of Consolidated Funds 995,545 586,529 437,818
Management fees      
Revenues      
Total revenues 2,551,150 2,136,433 1,611,047
Carried interest allocation      
Revenues      
Total revenues 618,579 458,012 2,073,551
Incentive fees      
Revenues      
Total revenues 276,627 301,187 332,876
Principal investment income      
Revenues      
Total revenues 36,516 12,279 99,433
Administrative, transaction and other fees      
Revenues      
Total revenues $ 149,012 $ 147,532 $ 95,184