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EQUITY AND REDEEMABLE INTEREST (Tables)

3 Months Ended

Mar. 31, 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 Stock						Non-Voting Common Stock						Class B Common Stock						Class C Common Stock						Total
Balance as of December 31, 2024			199,872,571						3,489,911						1,000						109,806,689						313,170,171
Issuances of common stock			10,312,965						—						—						303,500						10,616,465
Exchanges of common stock			1,995,269						—						—						(1,995,269)						—
Vesting of restricted unit awards, net of shares withheld for tax			2,714,799						—						—						—						2,714,799
Balance as of March 31, 2025			214,895,604						3,489,911						1,000						108,114,920						326,501,435

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 March 31, 2025												As of December 31, 2024												Three months ended March 31,
						AOG Units						Direct Ownership Interest						AOG Units						Direct Ownership Interest						2025						2024
Ares Management Corporation						218,385,515						66.89		%				203,362,482						64.94		%				65.77		%				62.32		%
Ares Owners Holdings, L.P.						108,114,920						33.11						109,806,689						35.06						34.23						37.68
Total						326,500,435						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 income			73
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 income			1,319
Currency translation adjustment, net of tax			614
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 income			316
Currency translation adjustment, net of tax			198
Distributions			(300)
Balance as of March 31, 2025			$	23,710

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 value			6,849
Balance as of March 31, 2024			529,787
Change in redemption value			6,959
Balance as of June 30, 2024			536,746
Change in redemption value			7,408
Balance as of September 30, 2024			544,154
Change in redemption value			6,546
Balance as of December 31, 2024			550,700
Change in redemption value			5,698
Balance as of March 31, 2025			$	556,398

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Tabular disclosure of other units or shares or classes of ownership in a partnership.

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Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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