The estimated Net Worth of Michael J Arougheti is at least $443 Million dollars as of 23 August 2024. Mr. Arougheti owns over 81,247 units of Ares Management Corp stock worth over $7,882,576 and over the last 18 years he sold ARES stock worth over $421,974,255. In addition, he makes $12,665,700 as President, Chief Executive Officer, Co-Founder, and Director at Ares Management Corp.
Michael has made over 73 trades of the Ares Management Corp stock since 2008, according to the Form 4 filled with the SEC. Most recently he sold 55,723 units of ARES stock worth $8,099,338 on 28 August 2024.
The largest trade he's ever made was exercising 666,667 units of Ares Management Corp stock on 4 December 2020 worth over $94,306,714. On average, Michael trades about 112,094 units every 68 days since 2006. As of 23 August 2024 he still owns at least 55,723 units of Ares Management Corp stock.
You can see the complete history of Mr. Arougheti stock trades at the bottom of the page.
Michael J. Arougheti serves as President, Chief Executive Officer, Co-Founder, Director of the Company. He is a member of the Ares Executive Management Committee and the firm’s Management Committee. He additionally serves as Co-Chairman of Ares Capital Corporation (NASDAQ: ARCC) (“ARCC”) and as a director of Ares Commercial Real Estate Corporation (NYSE: ACRE) (“ACRE”). Mr. Arougheti also is a member of the Ares Credit Group’s U.S. Direct Lending Investment Committee and the Ares Equity Income Opportunity Strategy Portfolio Review Committee. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada from 2001 to 2004, where he was a Managing Partner of the Principal Finance Group of RBC Capital Partners and a member of the firm's Mezzanine Investment Committee. Mr. Arougheti oversaw an investment team that originated, managed and monitored a diverse portfolio of middle-market leveraged loans, senior and junior subordinated debt, preferred equity and common stock and warrants on behalf of RBC and other third-party institutional investors. Mr. Arougheti joined Royal Bank of Canada in October 2001 from Indosuez Capital, where he was a Principal and an Investment Committee member, responsible for originating, structuring and executing leveraged transactions across a broad range of products and asset classes. Prior to joining Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. Mr. Arougheti also serves on the boards of directors of Operation HOPE, a not-for profit organization focused on expanding economic opportunity in underserved communities through economic education and empowerment. Mr. Arougheti received a B.A. in Ethics, Politics and Economics, cum laude, from Yale University.
As the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp, the total compensation of Michael Arougheti at Ares Management Corp is $12,665,700. There are 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317.
Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. There are 13 older and 6 younger executives at Ares Management Corp. The oldest executive at Ares Management Corp is Paul Joubert, 72, who is the Independent Director.
Michael's mailing address filed with the SEC is 1800 AVENUE OF THE STARS, SUITE 1400, LOS ANGELES, CA, 90067.
Over the last 11 years, insiders at Ares Management Corp have traded over $2,023,660,736 worth of Ares Management Corp stock and bought 561,980 units worth $9,108,641 . The most active insiders traders include Antony P Ressler, Michael J Arougheti, and Bennett Rosenthal. On average, Ares Management Corp executives and independent directors trade stock every 16 days with the average trade being worth of $18,039,404. The most recent stock trade was executed by Ryan Berry on 5 September 2024, trading 67,500 units of ARES stock currently worth $9,514,125.
ares management, l.p. is a publicly traded, leading global alternative asset manager with approximately $106 billion of assets under management,* and more than 15 offices in the united states, europe, asia and australia.* since its inception in 1997, ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. ares believes each of its distinct but complementary investment groups in credit, private equity and real estate is a market leader based on assets under management and investment performance. ares was built upon the fundamental principle that each group benefits from being part of the greater whole. for more information, please visit www.aresmgmt.com. * as of december 31, 2017, aum amounts include funds managed by ivy hill asset management, l.p., a wholly owned portfolio company of ares capital corporation and a registered investment adviser.
Ares Management Corp executives and other stock owners filed with the SEC include: