Genre | Investments |
---|---|
Founded | 1983 |
Founder | John W. Rogers, Jr. [1] [2] |
Headquarters | , |
Key people | Mellody Hobson (president) |
AUM | $15 billion |
Website | www |
Ariel Investments is an investment company located in Chicago, Illinois. It specializes in small and mid-capitalized stocks based in the United States. [3]
Ariel was founded in 1983 by John W. Rogers, Jr., who is chairman and Co-CEO of the company. [4] Mellody Hobson has been president of the company since May 2000. In July 2019, Hobson was appointed Co-CEO of the company. [5] The company employs 107 people, with the employees and the board owning 95% of the company. The firm has $15 billion in assets under management as of January 31, 2021. [5]
Ariel is a minority-owned investment company. [6] It claims to be the largest minority-owned investment firm. [4] The company also supports the African-American Community of Bronzeville by giving its support to nonprofits such as The Renaissance Collaborative. [7]
Through former Mayor Daley’s New School Initiative Program, Ariel Investments was awarded a corporate sponsorship of a Chicago public school in 1996. Hence, the birth of Ariel Community Academy – a public school located on the Southside of Chicago. [8]
George Walton Lucas Jr. is an American filmmaker. Lucas is best known for creating the Star Wars and Indiana Jones franchises and founding Lucasfilm, LucasArts, Industrial Light & Magic, and THX. He served as chairman of Lucasfilm before selling it to The Walt Disney Company in 2012. Lucas is one of history's most financially successful filmmakers and has been nominated for four Academy Awards. Lucas personally directed or conceived 10 of the 100 highest-grossing movies at the North American box office, adjusted for ticket-price inflation. Lucas is considered to be one of the most significant figures of the 20th-century New Hollywood movement, and a pioneer of the modern blockbuster. Despite this he's remained an independent filmmaker away from Hollywood for most of his career.
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Mellody Hobson is an American businesswoman who is president and co-CEO of Ariel Investments, and the chairwoman of Starbucks Corporation. She is the former chairwoman of DreamWorks Animation, having stepped down after negotiating the acquisition of DreamWorks Animation SKG, Inc., by NBCUniversal in August 2016. In 2017, she became the first African-American woman to head The Economic Club of Chicago. She was also named to chair the board of directors of Starbucks in 2021, making her one of the highest profile corporate directors in the US.
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John Washington Rogers Jr. is an American investor and founder of Ariel Capital Management, founded in 1983. He is chairman and co-CEO of the company, which is the United States' largest minority-run mutual fund firm. He has been a regular contributor to Forbes magazine for most of the last decade. Active in the 2008 Barack Obama presidential campaign, Rogers was a leader of the 2009 inauguration committee.
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