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SEGMENT REPORTING - Schedule of Reconciliation of Income Before Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Adjustments: |  |  |
Depreciation and amortization expense | $ 126,000 | $ 133,600 |
Equity compensation expense | 255,965 | 200,391 | $ 237,191
Black Creek Acquisition |  |  |
Adjustments: |  |  |
Incentive fees, percent recognized |  |  | 100.00%
Consolidated Funds |  |  |
Adjustments: |  |  |
Other (income) expense, net | (101,465) | (33,822) | $ (35,879)
Total investment (income) loss—realized | (995,545) | (586,529) | (437,818)
Ares Management L.P |  |  |
Adjustments: |  |  |
Other (income) expense, net | 74 | 0 | $ (31,070)
Ares Management L.P | Black Creek Acquisition |  |  |
Adjustments: |  |  |
Incentive fees, percent recognized |  |  | 50.00%
Operating segment |  |  |
Segment Reporting, Other Significant Reconciling Item [Line Items] |  |  |
Income before taxes | 1,333,063 | 510,806 | $ 1,065,690
Adjustments: |  |  |
Depreciation and amortization expense | 233,185 | 335,083 | 106,705
Equity compensation expense | 255,419 | 198,948 | 237,191
Acquisition-related compensation expense | 7,334 | 206,252 | 66,893
Acquisition-related incentive fees | 0 | 0 | (47,873)
Acquisition and merger-related expense | 12,000 | 15,197 | 21,162
Placement fee adjustment | (5,819) | 2,088 | 78,883
Other (income) expense, net | 976 | 1,874 | (19,886)
Total performance income—unrealized | (305,370) | (107,153) | (1,744,056)
Total performance related compensation—unrealized | 206,923 | 88,502 | 1,316,205
Investment (income) loss—unrealized | (178,481) | (12,834) | (52,445)
Realized income | 1,802,988 | 1,581,220 | 1,202,139
Total performance income—realized | (415,899) | (418,021) | (474,427)
Total performance related compensation—realized | 282,406 | 274,541 | 328,583
Total investment (income) loss—realized | 32,298 | 4,494 | (25,095)
Fee related earnings | 1,701,793 | 1,442,234 | 1,031,200
Operating segment | Consolidated Funds |  |  |
Adjustments: |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (278,119) | (119,664) | (120,457)
Operating segment | Subsidiaries |  |  |
Adjustments: |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (17,249) | (357) | (23,397)
Operating segment | Ares Management L.P |  |  |
Adjustments: |  |  |
Investment (income) loss—unrealized | (184,929) | 12,769 | (58,694)
Realized income | (1,802,988) | (1,581,220) | (1,202,139)
Total performance income—realized | (415,899) | (418,021) | (474,427)
Total performance related compensation—realized | 282,406 | 274,541 | 328,583
Fee related earnings | (1,701,793) | (1,442,234) | (1,031,200)
OMG |  |  |
Adjustments: |  |  |
OMG expense, net | 539,126 | 462,478 | 317,524
Realized income | 537,460 | 450,193 | 319,202
Total performance income—realized | 0 | 0 | 0
Total performance related compensation—realized | 0 | 0 | 0
Fee related earnings | $ 538,052 | $ 447,884 | $ 318,892

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