Ariel Investments is an investment company located in

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

. It specializes in small and mid-capitalized stocks based in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

History

Ariel was founded in 1983 by

John W. Rogers, Jr. John Washington Rogers Jr. (born March 31, 1958) is an American investor and founder of Ariel Capital Management (now Ariel Investments, LLC), founded in 1983. He is chairman and co-CEO of the company, which is the United States' largest minor ...

, who is chairman and Co-CEO of the company.

Mellody Hobson Mellody Hobson (born April 3, 1969) 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 negoti ...

has been president of the company since May 2000. In July 2019, Hobson was appointed Co-CEO of the company. 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. Ariel is a

minority-owned Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e ...

investment company. It claims to be the largest minority-owned investment firm. The company also supports the African-American Community of Bronzeville by giving its support to nonprofits such as The Renaissance Collaborative. 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 (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

References

{{Reflist

External links

Official website
Financial services companies established in 1983 African-American organizations Financial services companies of the United States Companies based in Chicago 1983 establishments in the United States 1983 establishments in Illinois Companies established in 1983