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EQUITY AND REDEEMABLE INTEREST (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2024199,872,571 3,489,911 1,000 109,806,689 313,170,171 
Issuances of common stock10,312,965 — — 303,500 10,616,465 
Exchanges of common stock2,827,820 — — (2,827,820)— 
Vesting of restricted unit awards, net of shares withheld for tax2,867,626 — — — 2,867,626 
Balance as of June 30, 2025215,880,982 3,489,911 1,000 107,282,369 326,654,262 
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 June 30, 2025As of December 31, 2024Three months ended June 30,Six months ended June 30,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest2025202420252024
Ares Management Corporation219,370,893 67.16%203,362,482 64.94%67.03%63.21 %66.41%62.77%
Ares Owners Holdings, L.P.107,282,369 32.84 109,806,689 35.06 32.97 36.79 33.59 37.23 
Total326,653,262 100.00 %313,169,171 100.00 %
Schedule of Redeemable Interests
The following table summarizes the activities associated with the redeemable interest in AOG entities:
Total
Balance as of December 31, 2023
$24,098 
Net income73 
Currency translation adjustment, net of tax(257)
Distributions(302)
Balance as of March 31, 2024
23,612 
Net loss(387)
Currency translation adjustment, net of tax(47)
Balance as of June 30, 2024
23,178 
Net income1,319 
Currency translation adjustment, net of tax614 
Balance as of September 30, 2024
25,111 
Net loss(902)
Currency translation adjustment, net of tax(713)
Balance as of December 31, 2024
23,496 
Net income316 
Currency translation adjustment, net of tax198 
Distributions(300)
Balance as of March 31, 2025
23,710 
Net loss(274)
Currency translation adjustment, net of tax699 
Balance as of June 30, 2025
$24,135 

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:
Total
Balance as of December 31, 2023$522,938 
Change in redemption value6,849 
Balance as of March 31, 2024529,787 
Change in redemption value6,959 
Balance as of June 30, 2024536,746 
Change in redemption value7,408 
Balance as of September 30, 2024544,154 
Change in redemption value6,546 
Balance as of December 31, 2024550,700 
Change in redemption value5,698 
Balance as of March 31, 2025556,398 
Redemptions from Class A ordinary shares of Ares Acquisition Corporation II (NYSE: AACT) (“AAC II”)(7,143)
Change in redemption value8,795 
Balance as of June 30, 2025$558,050