Michael Arougheti has been trending all thanks to his illustrious career as the co-founder and CEO of Ares Management Corporation.
Michael Arougheti is a name synonymous with success and leadership. His journey is a testament to his dedication and acumen.
He is widely recognized for his role as Co-Chairman of Ares Capital Corporation and his previous experience at Royal Bank of Canada.
Recently, he made headlines as part of an investment group involved in the purchase of the Baltimore Orioles baseball team.
Let’s explore more about this remarkable individual, his career, and his net worth below.
Keep Reading: Is Helen George Related To Susan George? Family Tree And Ethnicity
Michael Arougheti Wikipedia Bio And Age
Michael Arougheti is one of the founding members of Ares, where he currently holds the positions of Chief Executive Officer, President, and Director.
His responsibilities extend to being a part of the Ares Executive Management Committee, the Ares Enterprise Risk Committee, and the Board of Directors of the Ares Charitable Foundation.
In addition, he serves as the Co-Chairman of both Ares Capital Corporation (ARCC) and Ares Acquisitions Corporation II (AACT).
He also holds a directorial position at Ares Commercial Real Estate Corporation (ACRE).
The rising leader’s involvement in several prestigious organizations showcases his diverse roles within the organization.
Moreover, before joining Ares in 2004, Arougheti was associated with the Royal Bank of Canada (RBC) from 2001 to 2004.
More On Michael Arougheti’s Career
During his tenure at RBC, he served as a Managing Partner of the Principal Finance Group of RBC Capital Partners and was a member of the firm’s Mezzanine Investment Committee.
He reportedly led an investment team that managed a diverse portfolio on behalf of RBC and other third-party institutional investors.
Those portfolios ranged from middle-market leveraged loans, senior and junior subordinated debt, and preferred equity, to common stock and warrants
Furthermore, Arougheti’s journey with RBC began in October 2001, following his stint at Indosuez Capital.
At Indosuez, the Ares management CEO held the position of Principal and was a member of the Investment Committee, where he was responsible for originating, structuring, and executing leveraged transactions across.
Prior to joining Indosuez in 1994, Arougheti was a part of Kidder, Peabody & Co.’s Mergers and Acquisitions Group.
Arougheti’s academic credentials include a B.A. in Ethics, Politics, and Economics, earned cum laude from Yale University.
His journey, marked by dedication and leadership, serves as an inspiration for many in the industry.
Michael Arougheti Net Worth Revealed
Michael Arougheti, the co-founder and CEO of Ares Management Corporation, has a net worth of $1.8 Billion as reported by Forbes.
His financial success is a testament to his more than two decades of experience in the financial industry.
Ares Management, under his leadership, has grown into one of the leading global alternative investment managers.
Arougheti’s wealth is not just a reflection of his personal success, but also the success of Ares Management Corporation.
The corporation’s achievements under his leadership have been remarkable, contributing significantly to his net worth.
The Ares Management CEO’s financial acumen is further highlighted by his recent involvement in a major deal.
In a recent development, private equity billionaire David Rubenstein, the co-founder of Carlyle Group, plans to purchase the Baltimore Orioles baseball team.
The deal, worth $1.73 billion, includes an investor group featuring Michael Arougheti.
This venture is yet another example of Arougheti’s strategic investment decisions, further solidifying his position in the financial world.
Also Read: Melinda Ledbetter Net Worth: How Rich Was She? Career Details
