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EQUITY AND REDEEMABLE INTEREST (Tables)
12 Months Ended
Dec. 31, 2024
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 as of December 31, 2023187,069,907 3,489,911 1,000 117,024,758 307,585,576 
Issuance of common stock3,122,628 — — 63,179 3,185,807 
Exchanges of AOG Units 7,281,248 — — (7,281,248)— 
Stock option exercises, net of shares withheld for tax79,524 — — — 79,524 
Vesting of restricted unit awards, net of shares withheld for tax2,319,264 — — — 2,319,264 
Balance as of December 31, 2024199,872,571 3,489,911 1,000 109,806,689 313,170,171 
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, 2024As of December 31, 2023Year ended December 31,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest202420232022
Ares Management Corporation203,362,482 64.94%190,559,818 61.95%63.61%60.83%59.76%
Ares Owners Holdings, L.P.109,806,689 35.06117,024,758 38.0536.3939.1740.24
Total313,169,171 100.00%307,584,576 100.00%
Schedule of Redeemable Interests
The following table summarizes the activities associated with the redeemable interest in AOG entities:
Total
Balance as of December 31, 2021$96,008 
Distributions(1,887)
Net loss(851)
Currency translation adjustment, net of tax(426)
Equity compensation285 
Balance as of December 31, 202293,129 
Changes in ownership interests and related tax benefits(66,507)
Distributions(2,883)
Net income226 
Currency translation adjustment, net of tax(41)
Equity compensation174 
Balance as of December 31, 202324,098 
Distributions(302)
Net income103 
Currency translation adjustment, net of tax(403)
Balance as of December 31, 2024$23,496 

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:
Total
Balance as of December 31, 2022$1,013,282 
Gross proceeds from the initial public offering of AAC II500,000 
Change in redemption value55,530 
Redemptions from Class A ordinary shares of Ares Acquisition Corporation (formerly NYSE: AAC) (1,045,874)
Balance as of December 31, 2023522,938 
Change in redemption value27,762 
Balance as of December 31, 2024$550,700