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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001493586</cik>
                    <ccc>XXXXXXXX</ccc>
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            <liveTestFlag>LIVE</liveTestFlag>



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        <issuerInfo>
            <issuerCik>0001176948</issuerCik>
            <issuerName>ARES MANAGEMENT CORPORATION</issuerName>
            <secFileNumber>001-36429</secFileNumber>
            <issuerAddress>
                <ns2:street1>2000 Avenue of the Stars, 12th Floor</ns2:street1>
                <ns2:city>Los Angeles</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>90067</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>310-201-4100</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RYAN BERRY</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>5000</noOfUnitsSold>
            <aggregateMarketValue>436598.00</aggregateMarketValue>
            <noOfUnitsOutstanding>178481331</noOfUnitsOutstanding>
            <approxSaleDate>05/30/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>05/08/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options under an S-8 Issuer Registered Plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>5000</amountOfSecuritiesAcquired>
            <paymentDate>05/08/2023</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RYAN BERRY</name>
                <address>
                    <ns2:street1>2000 Avenue of the Stars, 12th Floor</ns2:street1>
                    <ns2:city>Los Angeles</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/23/2023</saleDate>
            <amountOfSecuritiesSold>5000</amountOfSecuritiesSold>
            <grossProceeds>428150.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RYAN BERRY</name>
                <address>
                    <ns2:street1>2000 Avenue of the Stars, 12th Floor</ns2:street1>
                    <ns2:city>Los Angeles</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>90067</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/17/2023</saleDate>
            <amountOfSecuritiesSold>15000</amountOfSecuritiesSold>
            <grossProceeds>1244238.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/30/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Ryan James-Barclay Berry</signature>
        </noticeSignature>
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144
0001493586
XXXXXXXX
LIVE
0001176948
ARES MANAGEMENT CORPORATION
001-36429
2000 Avenue of the Stars, 12th Floor
Los Angeles
CA
90067
310-201-4100
RYAN BERRY
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
5000
436598.00
178481331
05/30/2023
NYSE
Common
05/08/2023
Exercise of Stock Options under an S-8 Issuer Registered Plan
Issuer
N
5000
05/08/2023
Services Rendered
N
RYAN BERRY
2000 Avenue of the Stars, 12th Floor
Los Angeles
CA
90067
Common
05/23/2023
5000
428150.00
RYAN BERRY
2000 Avenue of the Stars, 12th Floor
Los Angeles
CA
90067
Common
05/17/2023
15000
1244238.00
05/30/2023
/s/ Ryan James-Barclay Berry