Michael Arougheti Biography and Net Worth
Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. He is a member of the Ares Executive Management Committee, the Ares Enterprise Risk Committee and is on the Board of Directors of the Ares Charitable Foundation. He additionally serves as Co-Chairman of Ares Capital Corporation ("ARCC"), Co-Chairman of Ares Acquisition Corporation ("AAC") and as a director of Ares Commercial Real Estate Corporation ("ACRE"). Mr. Arougheti also is a member of the Ares Credit Group's U.S. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada ("RBC") 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 RBC 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 board of directors of Operation HOPE, a not-for-profit organization focused on expanding economic opportunity in underserved communities through education and empowerment. Additionally, he is a member of the PATH Organization Leadership Council. Mr. Arougheti received a B.A. in Ethics, Politics and Economics, cum laude, from Yale University.
What is Michael J. Arougheti's net worth?
The estimated net worth of Michael J. Arougheti is at least $56.68 million as of June 2nd, 2023. Mr. Arougheti owns 625,841 shares of Ares Management stock worth more than $56,676,161 as of June 7th. This net worth estimate does not reflect any other investments that Mr. Arougheti may own. Learn More about Michael J. Arougheti's net worth.
How do I contact Michael J. Arougheti?
Has Michael J. Arougheti been buying or selling shares of Ares Management?
Over the course of the past ninety days, Michael J. Arougheti has sold $43,451,079.69 in shares of Ares Management stock. Most recently, Michael J. Arougheti sold 258,163 shares of the business's stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $90.92, for a transaction totalling $23,472,179.96. Following the completion of the sale, the chief executive officer now directly owns 367,678 shares of the company's stock, valued at $33,429,283.76. Learn More on Michael J. Arougheti's trading history.
Who are Ares Management's active insiders?
Are insiders buying or selling shares of Ares Management?
In the last twelve months, Ares Management insiders bought shares 25 times. They purchased a total of 7,620,350 shares worth more than $55,864,456.88. In the last twelve months, insiders at the asset manager sold shares 25 times. They sold a total of 13,912,476 shares worth more than $470,864,647.04. The most recent insider tranaction occured on June, 6th when CEO Michael J Arougheti sold 258,163 shares worth more than $23,472,179.96. Insiders at Ares Management own 47.3% of the company.
Learn More about insider trades at Ares Management. Information on this page was last updated on 6/6/2023.
Michael J. Arougheti Insider Trading History at Ares Management
| Transaction Date | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 6/6/2023 | Sell | 258,163 | $90.92 | $23,472,179.96 | 367,678 |  |
| 6/2/2023 | Sell | 4,460 | $90.00 | $401,400.00 | 625,841 | |
| 5/26/2023 | Sell | 68,603 | $84.83 | $5,819,592.49 | 825,000 | |
| 5/24/2023 | Sell | 165,439 | $83.16 | $13,757,907.24 | 1,003,866 | |
| 11/10/2022 | Sell | 2,983 | $85.02 | $253,614.66 | 470,138 | |
| 4/4/2022 | Sell | 26,879 | $85.06 | $2,286,327.74 | 990,609 | |
| 2/11/2022 | Sell | 57,680 | $82.22 | $4,742,449.60 | | |
| 2/9/2022 | Sell | 13,334 | $80.36 | $1,071,520.24 | | |
| 2/4/2022 | Sell | 100 | $80.00 | $8,000.00 | | |
| 2/2/2022 | Sell | 54,102 | $79.41 | $4,296,239.82 | | |
| 1/31/2022 | Sell | 114,425 | $78.69 | $9,004,103.25 | | |
| 1/13/2022 | Sell | 46,721 | $77.81 | $3,635,361.01 | | |
| 1/11/2022 | Sell | 60,616 | $78.11 | $4,734,715.76 | | |
| 12/30/2020 | Sell | 259,592 | $48.19 | $12,509,738.48 | | |
| 12/28/2020 | Sell | 108,254 | $48.66 | $5,267,639.64 | | |
| 12/14/2020 | Sell | 59,216 | $48.60 | $2,877,897.60 | | |
| 12/11/2020 | Sell | 62,261 | $48.53 | $3,021,526.33 | | |
| 12/9/2020 | Sell | 87,387 | $48.29 | $4,219,918.23 | | |
| 9/30/2020 | Sell | 65,347 | $40.50 | $2,646,553.50 | | |
| 9/28/2020 | Sell | 57,127 | $40.53 | $2,315,357.31 | | |
| 9/23/2020 | Sell | 19,335 | $40.11 | $775,526.85 | | |
| 6/1/2020 | Sell | 33,138 | $37.45 | $1,241,018.10 | | |
| 5/28/2020 | Sell | 54,992 | $36.80 | $2,023,705.60 | | |
| 5/26/2020 | Sell | 101,266 | $36.77 | $3,723,550.82 | | |
| 5/22/2020 | Sell | 42,738 | $35.04 | $1,497,539.52 | | |
| 5/20/2020 | Sell | 8,476 | $35.02 | $296,829.52 | | |
| 5/18/2020 | Sell | 3,272 | $35.03 | $114,618.16 | | |
| 5/11/2020 | Sell | 2,500 | $35.00 | $87,500.00 | | |
| 5/8/2020 | Sell | 12,836 | $35.09 | $450,415.24 | | |
| 5/6/2020 | Sell | 59,593 | $35.11 | $2,092,310.23 | | |
| 4/29/2020 | Sell | 163,035 | $35.94 | $5,859,477.90 | | |
| 4/27/2020 | Sell | 15,734 | $35.00 | $550,690.00 | | |
| 4/9/2020 | Sell | 45,262 | $35.07 | $1,587,338.34 | | |
| 7/15/2019 | Sell | 127,400 | $28.30 | $3,605,420.00 | | |
| 7/11/2019 | Sell | 274,712 | $27.67 | $7,601,281.04 | | |
| 7/8/2019 | Sell | 127,490 | $27.00 | $3,442,230.00 | | |
| 7/5/2019 | Sell | 31,266 | $27.09 | $846,995.94 | | |
| 7/2/2019 | Sell | 253,922 | $26.52 | $6,734,011.44 | | |
| 6/27/2019 | Sell | 78,801 | $25.96 | $2,045,673.96 | | |
| 6/24/2019 | Sell | 36,209 | $27.18 | $984,160.62 | | |
| 6/21/2019 | Sell | 48,299 | $27.31 | $1,319,045.69 | | |
| 11/25/2015 | Buy | 5,993 | $14.11 | $84,561.23 | 87,086 | |
| 11/24/2015 | Buy | 5,993 | $13.99 | $83,842.07 | 87,086 | |
| 11/23/2015 | Buy | 100 | $13.99 | $1,399.00 | 87,086 | |
Ares Management Company Overview
Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosent
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Today's Range
Now:
$90.56
Volume
1,677,281 shs
Average Volume
1,027,923 shs
Market Capitalization
$27.39 billion
P/E Ratio
82.33
Dividend Yield
3.46%
Beta
1.32
