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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues $ 3,884,781 $ 3,631,884 $ 3,055,443
Expenses      
Compensation and benefits 1,731,747 1,486,698 1,498,590
Performance related compensation 449,564 607,522 518,829
General, administrative and other expenses 736,501 660,146 695,256
Expenses of Consolidated Funds 20,879 43,492 36,410
Total expenses 2,938,691 2,797,858 2,749,085
Other income (expense)      
Total other income, net 329,262 499,037 204,448
Income before taxes 1,275,352 1,333,063 510,806
Income tax expense 164,617 172,971 71,891
Net income 1,110,735 1,160,092 438,915
Less: Net income attributable to non-controlling interests in Consolidated Funds 295,772    
Net income (loss) 814,963    
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 103    
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 351,118    
Net income attributable to Ares Management Corporation 463,742 474,326 167,541
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders 440,961 474,326 167,541
Series B Mandatory Convertible Preferred Stock      
Other income (expense)      
Less: Series B mandatory convertible preferred stock dividends declared 22,781 0 0
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 $ 440,961 $ 474,326 $ 167,541
Net income per share of Class A and non-voting common stock:      
Basic (in dollars per share) $ 2.04 $ 2.44 $ 0.87
Diluted (in dollars per share) $ 2.04 $ 2.42 $ 0.87
Weighted-average shares of Class A and non-voting common stock:      
Basic (in shares) 198,054,451 184,523,524 175,510,798
Diluted (in shares) 198,054,451 195,773,426 175,510,798
Consolidated Funds       
Expenses      
Expenses of Consolidated Funds $ 20,879    
Other income (expense)      
Net realized and unrealized gains on investments 313,963 $ 262,700 $ 73,386
Interest expense (835,335) (754,600) (411,361)
Interest and other income of Consolidated Funds 933,349 995,545 586,529
Income tax expense 7,074 3,823 331
Less: Net income attributable to non-controlling interests in Consolidated Funds 295,772 274,296 119,333
Ares Operating Group      
Other income (expense)      
Net realized and unrealized gains on investments 16,570 77,573 4,732
Interest and dividend income 43,054 19,276 9,399
Interest expense (142,966) (106,276) (71,356)
Other income, net 627 4,819 13,119
Net income (loss) 814,963 885,796 319,582
Less: Net income (loss) attributable to redeemable interest in Ares Operating Group entities 103 226 (851)
Less: Net income attributable to non-controlling interests in Ares Operating Group entities 351,118 411,244 152,892
Management fees      
Revenues      
Total revenues 2,942,126 2,551,150 2,136,433
Carried interest allocation      
Revenues      
Total revenues 390,180 618,579 458,012
Incentive fees      
Revenues      
Total revenues 344,157 276,627 301,187
Principal investment income      
Revenues      
Total revenues 45,424 36,516 12,279
Administrative, transaction and other fees      
Revenues      
Total revenues $ 162,894 $ 149,012 $ 147,532