Read here about Michael Arougheti: Shaping Finance and Philanthropy – Wikipedia, Net Worth, House, Age, Wife, Family, Linkedin and more.
Who Is Michael Arougheti?
Michael J. Arougheti, the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp, is a notable figure in the financial world with an estimated net worth of at least $332 million as of June 16, 2023. Arougheti’s influence extends beyond his role in Ares Management Corp, encompassing strategic vision, philanthropy, and significant contributions to the financial sector.
Early Life and Education
Born on [insert date of birth], Michael Arougheti, now 47, earned a B.A. in Ethics, Politics, and Economics, cum laude, from Yale University. This foundational education set the stage for a career marked by substantial achievements.
Career Trajectory
Arougheti’s financial journey commenced in 1994 at Kidder, Peabody & Co., followed by pivotal roles at Indosuez Capital and Royal Bank of Canada. In 2004, he co-founded Ares Management Corp, where he serves as Co-Chairman of Ares Capital Corporation and a director of Ares Commercial Real Estate Corporation.
Personal Life and Philanthropy
Beyond finance, Arougheti actively engages in philanthropy, serving on the board of directors of Operation HOPE. This not-for-profit organization focuses on expanding economic opportunity in underserved communities through economic education and empowerment.
Measurements
- Height: 5 feet 10 inches
- Weight: 68 kg
- Hair Color: Black
- Eye Color: Black
Net Worth and Stock Holdings
Michael Arougheti’s estimated net worth stands at an impressive $332 million. His wealth is closely tied to his holdings, with over 24,386 units of Ares Management Corp stock valued at $4,411,391. Over the last 17 years, Arougheti has engaged in over 64 trades, with the most recent being the sale of 150,000 units of ARES stock worth $15,775,500 on November 15, 2023.
Insider Trading Insights
Insider trading at Ares Management Corp has been significant, with insiders trading over $1,020,067,632 worth of Ares Management Corp stock in the past decade. Michael J Arougheti, alongside key figures like Antony P Ressler and Bennett Rosenthal, has been actively involved in these trades.
Compensation and Executive Ranking
In his role as President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp, Michael Arougheti commands a total compensation of $12,665,700. Among the executives at Ares Management Corp, Arougheti ranks among the top earners.
About Ares Management Corp
Founded in 1997, Ares Management Corp is a publicly traded global alternative asset manager with over $106 billion in assets under management. The company’s investment philosophy focuses on delivering strong risk-adjusted returns across market cycles, with distinct investment groups in credit, private equity, and real estate.
Conclusion
In conclusion, Michael Arougheti emerges as a pivotal figure not only in Ares Management Corp but also in the broader financial landscape. His strategic vision, leadership, and financial acumen have propelled Ares Management Corp to new heights. Arougheti’s journey from Yale to leading a global alternative asset manager reflects a commitment to excellence, making him a notable personality in the world of finance.
FAQs
What is Michael Arougheti’s current role at Ares Management Corp? Michael Arougheti currently serves as the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp.
Michael Arougheti’s early career? Before co-founding Ares Management Corp in 2004, Michael Arougheti worked at Kidder, Peabody & Co., Indosuez Capital, and Royal Bank of Canada.
How has Michael Arougheti contributed to Ares Management Corp’s growth and success? Arougheti’s leadership has been instrumental in guiding Ares Management Corp to its current status as a leading global alternative asset manager with over $106 billion in assets under management.
What is Michael Arougheti’s estimated net worth? Michael Arougheti’s estimated net worth is at least $332 million.
What is the compensation of Michael Arougheti at Ares Management Corp? In his role as President, Chief Executive Officer, Co-Founder, and Director, Michael Arougheti receives a total compensation of $12,665,700.