Renowned global alternative asset manager Ares Management Corporation was co-founded by Michael Arougheti, a well-known personality in the banking business.
Upon obtaining a distinguished degree from Yale University with distinction, Arougheti began a distinguished career as a top financial services provider.
Before joining Indosuez Capital, he worked as an investment banker at Kidder, Peabody & Cor, where he gained significant experience in primary investing activities.
Subsequently, Arougheti became a manager of different leveraged financing agreements at the Royal Bank of Canada.
Armed with this extensive background in finance, Arougheti departed the Royal Bank of Canada in 1997 to create Ares Management with several partners.
His adept knowledge of capital market techniques combined with his imaginative leadership have been crucial in transforming Ares Management into a formidable company that oversees more than $150 billion in assets.
Michael Arougheti’s 2024 Net Worth
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By 2024, Michael Arougheti’s amazing net worth was estimated to be around $1.8 billion.
Arougheti’s incredibly prosperous career in finance, mostly as a head of Ares Management Corporation, is the cause of his enormous riches.
As the founder and president of Ares, which currently oversees more than $341 billion in assets, Arougheti has built the business into one of the biggest alternative asset management companies in the world.
A sizeable amount of his net worth comes from his ownership stake in Ares, which consists of about 24,386 shares of the firm valued at over $4 billion.
In addition to his position at Ares, Arougheti is an Executive Vice President and Co-Chairman of Ares Capital, which adds to his wealth.
Nevertheless, Michael Arougheti didn’t start accumulating a personal wealth of about $2 billion until he was in his early 50s because of his strategic acumen and vision.
His wealth serves as proof of his astute leadership in the financial sector.
Wikipedia / Michael Arougheti
Michael Arougheti is a well-known business personality, as his comprehensive and excellent Wikipedia page describing his remarkable career attests to.
Leading the expansion of Ares Management’s credit division was Arougheti’s responsibility upon joining the company in 2004.
He combined his leadership skills and business knowledge with diligence to create remarkable growth in this market.
Ares saw their assets soar from $2.7 billion in 2006 to over $100 billion in less than ten years, propelled by his credit investment methods and specialist asset class expertise.
In 2018, Arougheti succeeded Antony Ressler as co-founder, CEO, and president of Ares, building on his achievements from the previous year.
Under his direction, the assets under management of Ares Management grew dramatically, reaching an astounding $341 billion by 2022.
Arougheti’s remarkable contributions to Ares’s rise to prominence as an alternative investment firm are acknowledged on his Wikipedia page.
It highlights his impressive background and notable impact in the finance sector, where he has played a key role in fostering revolutionary innovation.
How old is Ares Management CEO Michael Arougheti?
Ares Management’s CEO, Michael Arougheti, is 51 years old. He was born on October 10, 1972.
Arougheti has had a distinguished career in finance; in 2009, at the age of 37, he was appointed CEO of Ares Management.
Even though Arougheti achieved great success in his career at an early age, he has stayed dedicated to quality and creativity.
He provides strategic direction while serving on several Ares executive committees and boards.
Over the past fifteen years, Ares Management has grown and evolved greatly thanks in large part to his vision and leadership.
Michael Arougheti, who is 51 years old, is still a young CEO who is leading Ares Management to greater heights with his experience and forward-thinking outlook.
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