Michael Arougheti Wikipedia And Age: How Old Is CEO Of Ares Management? Net Worth 2024
Michael Arougheti, a prominent figure in the finance industry, is known for co-founding Ares Management Corporation, a well-known global alternative asset manager.
People online search for Michael Arougheti’s Wikipedia page to learn more about his personal life. Refer to the article to find out how old Ares Management Corporation’s CEO is.
After graduating from the prestigious Yale University with an impressive academic record, Arougheti embarked on an illustrious career working for several leading financial institutions.
He began as an investment banker at Kidder, Peabody & Cor before moving to Indosuez Capital, accruing valuable expertise in principal investment activities.
Arougheti then joined the Royal Bank of Canada, managing various leveraged financing commitments.
Equipped with this robust financial experience, Arougheti left the Royal Bank of Canada to establish Ares Management alongside several partners in 1997.
His visionary leadership and prowess in capital market strategies have been instrumental in building Ares Management into a powerhouse firm managing over $150 billion in assets.
Michael Arougheti Wikipedia
Michael Arougheti is one of the most prominent financial figures, as evidenced by his impressive and extensive Wikipedia page detailing his illustrious career.
When Arougheti joined Ares Management in 2004, he was tasked with spearheading the development of their credit business.
He diligently applied his business acumen and leadership abilities to generate phenomenal growth in this segment.
Fueled by his credit investment strategies and specialized asset class expertise, Ares witnessed their assets surge from $2.7 billion in 2006 to over $100 billion within a decade.
On the back of this success, Arougheti was appointed Co-Founder, Chief Executive Officer, and President of Ares in 2018, assuming leadership from founder Antony Ressler.
Under his guidance, Ares Management’s assets under management ballooned to the mammoth figure of $341 billion as of 2022.
Arougheti’s Wikipedia section recognizes his exceptional contributions in elevating Ares to a prominent alternative investment firm.
It emphasizes his successful track record and significant influence in the finance industry, where he has been instrumental in driving transformative innovation.
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Michael Arougheti Age: How Old Is the CEO Of Ares Management?
Michael Arougheti, the CEO of Ares Management, was born on October 10, 1972, which makes him 51 years old.
Arougheti has had an illustrious career in finance, becoming CEO of Ares Management in 2009 at 37 years old.
Despite his tremendous professional success at a young age, Arougheti has remained committed to excellence and innovation.
He serves on several executive committees and boards at Ares, providing strategic guidance.
His vision and leadership abilities have been instrumental in guiding the growth and evolution of Ares Management over the past 15 years.
At 51, Michael Arougheti is still young for a CEO and continues to steer Ares Management to new heights through his experience and focus on the future.
Michael Arougheti Net Worth 2024
Michael Arougheti has amassed an impressive net worth of around $1.8 billion as of 2024.
This massive wealth results from Arougheti’s highly successful career in the finance industry, primarily his leadership of Ares Management Corporation.
As CEO and president of Ares, which now manages over $341 billion in assets, Arougheti has grown the company into one of the world’s largest alternative asset management firms.
His ownership stake in Ares accounts for a significant portion of his net worth, including over 24,386 units of company stock worth over $4 billion alone.
Beyond his role at Ares, Arougheti also serves as Co-Chairman and Executive Vice President at Ares Capital, further contributing to his net worth.
Still, only in his early 50s did Michael Arougheti’s strategic insight and vision result in his amassing a personal fortune of close to $2 billion.
His net worth is evidence of his wise leadership in the finance industry.
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