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Ares Management's insider roster includes Michael Arougheti (CEO), Antoinette Bush (Director), R. Deveer (Insider), David Kaplan (Insider), Michael McFerran (CFO), Antony Ressler (Chairman), Bennett Rosenthal (Insider), and Aghili Sagati (General Counsel). Michael B. Jordan attends the Hollywood Walk Of Fame Star Ceremony honoring Michael B. Jordan on March 1, 2023, in Hollywood, California. Last updated: 2 February 2023 at 9:52pm EST. What is Michael J. Arougheti's net worth? 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. In addition to that, something thats been true my whole career but Ive come to appreciate lately is just how important it is to build high-quality teams. Thats the good news and the bad news. When youre going through this amount of uncertainty, what I found served us well from the first day back in March 2020 was the value of over-communicating and, in many instances, saying that you didnt know. They didnt just fill the air with kind platitudes, they filled our bank account with the very resources we needed to go from surviving to thriving, to winning. Also in April, investor and Anatomy Fitness owner Chris Paciello flipped a waterfront teardown on Sunset Island I for a 50 percent gain in one month. Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. Whitepages people search is the most trusted directory. Two weeks before Michael Haight killed his family, DCFS was in his home Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Ares Management Corporation's (ARES) CEO Michael Arougheti on Q3 2021 So there's a lot to digest. 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. Michael Arougheti Co-Founder, CEO and President at Ares Management New York, New York, United States 7K followers 377 connections Join to follow Ares Management Corporation Yale University. Michael Arougheti - Co-Founder, Current CEO and President - Ares by John Hope Bryant | Feb 28, 2022 | Bryant on Leaders and Leadership, John Hope Bryant Authored, Operation HOPE. We had explored the roller coaster of emotions and urgent steps induced by the COVID-19 pandemic. Such is the man the world refers to as Michael Arougheti. Yes, I did the work, and I did a great deal of the building, but everything has a start. Will His AI Plans Be Any Different? Arougheti:So what it really means is one of the ways to think about this credit cycle, or this potential recessionary environment in the US is that it may likely be sector specific. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. Picker:So in recent months and we've spoken, private equity has been essentially the kind of the laggard in terms of dealmaking. Its a pretty unique set of circumstances. And I think now we're back to kind of what it used to be, which is to invest my money well, return it, and it could take 12 to 18 months. With hundreds of billions of dollars worth of floating rate credit and real assets, the firm's $200B book has surprisingly held up well. When the markets are so uncertain. What we found was that we had an employee base that was already incredibly passionate about progress along those initiatives, and over the course of the past year it has grown exponentially. CNBC's Leslie Picker sat down with Ares CEO Michael Arougheti who says that "when the markets get challenged, that's when our investment opportunity becomes the most attractive. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. We want to hear from you. Love and authenticity tends to have that effect on people. Arougheti last name - Arougheti family - MyHeritage 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. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. If you turn your attention to Europe, in certain parts of Asia, the story might be different. So if you look at the positioning of most portfolios, they were, if not fully invested in moving towards full investment, and enjoyed great performance in 2021. Learn More on Ares Management's active insiders. Arougheti:You have to look at it on a relative basis. Michael Arougheti - Biography I think that's a reflection of the nature of our business. I think many managers got accustomed to very quick fundraisers and I think they got accustomed to fundraisers happening prior to return of money. I think that, for those of us who embraced it, it created a level of trust, of empathy, of relatability. So we're giving a little bit back in the private flow. 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"). Information on this page was last updated on 2/15/2023. My experience would tell you that that's usually a six to 12 month process, that has to take into account a shared view of what the economy is going to look like, and take into account what the new financing markets look like. But, he said as we were about to hang up, I dont ever want to take credit for the efforts and successes of others.. Together, we built The Promise Homes Company into the largest Black controlled owner of singles family residential rental homes in the country, with $150 million in assets. The house at 2535 Shelter Avenue also sold for more than double its previous purchase price in 2020. All Rights Reserved. Jobs People Learning Dismiss Dismiss. And call on him, I did often. I'd subscribe to that podcast on a heartbeat, People will forget what you said, people will forget what you did, but people will never forget how you made them feel.. So you know, each cycle is different. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. The most recent stock trade was executed by Antony P Ressler on 10 February 2023, trading 16,879 units of ARES stock currently worth $1,436,740. The move comes as Ares business becomes more complex and larger with $106bn assets under management in real estate, private equity and . Ares Management Corp. is engaged in providing investment management and consultancy services. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. 'Nobody is really prepared': Mike Arougheti on his pandemic challenges Thank you!! Ares Management LP said Dec. 18 that Michael J Arougheti, co-founder and president, was named CEO effective Jan. 1, replacing Tony Ressler who will continue as executive chairman. There are 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317. Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. Join now Sign in . In this role, Ive had to think more holistically about where the business is going. Board Leadership - Operation HOPE A Division of NBCUniversal. 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. Ares, led by co-founder and CEO Michael Arougheti, is a global alternative investment manager with roughly $262 billion of assets under management, including its purchase of Black Creek Group. It required thinking a lot more holistically. Michael J. Arougheti is an entrepreneur and businessperson who founded Ares Management Corp., Ares Management LP, Ares Management LLC and Ares Management Corp (Private Equity) and who has been the head of 8 different companies. And I will never forget it. Mr. Arougheti received a B.A. CINCINNATI (WXIX) - Former Notre Dame All-American tight . And let me just say this it was meaningful. What about the companies that are seeking that type of financing? Ares Management co-founder and CEO Michael. When you think of yourself as a growth company, you manage yourself differently from a cultural and operational standpoint. 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. Mr. Arougheti received a B.A. But every time I speak with my friend Tony Ressler, I also feel and see the heart of Michael Arougheti, because Michael introduced me to Tony. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. As of 11 November 2022 he still owns at least 460,738 units of Ares Management Corp stock. The Sharpe Angle: Ares Management CEO Michael Arougheti says this macro He joined my board of directors for Operation HOPE, and later I joined his board, for a new publicly traded company called Ares Commercial Real Estate REIT. Together, personally, they both became the financial backers for the founding of my Promise Homes Company dream. We wouldn't blame Ares Management Corporation (NYSE:ARES) shareholders if they were a little worried about the fact that Michael Arougheti, the Co-Founder recently netted about US$15m selling . Picker:As you think about the inflationary environment, in particular, and in planning for your own business in conversations with LPs, what's your take for how long we will be in a current situation like we're in right now? what I remember from interviewing Michael on a panel years ago is his razor sharp intelligence! We're not having that experience. Thats true for the consumer as well you have a sizable segment of the population that is doing OK, and you have a segment of the population that, unfortunately, is being devastated.