Carolyn Rafaelian’s profile picture

Carolyn Rafaelian

Carolyn Rafaelian’s profile picture
Net worth 2018: $1 Billion
Industry: Other
Residence: Providence, Rhode Island
Country: United States
BirthDay: 1966
Children: 3
Education: Bachelor of Arts / Science, The American College, Los Angeles
BIOGRAPHY

Carolyn Rafaelian was bornon 1966 in Providence, Rhode Island, United States. Carolyn Rafaelian grew bangle brand Alex and Ani into a billion-dollar company by turning what women wear on their wrists into an affinity statement. The Rhode Island-born and bred founder and CEO is America's richest jeweler thanks to her majority stake. She's also a billionaire. Sales have skyrocketed from $5 million in 2010 to over $500 million in 2016. It'll have at least 80 U.S. corporate stores by year-end. The granddaughter of Armenian immigrants, Rafaelian grew up watching her costume jeweler father manufacture American flag pins. Rafaelian's a big believer in the power of positive energy. She has a priest and shaman bless her inventory before it goes on sale.

NET WORTH STATISTIC
2016

$700 Million

2017

$1 Billion

2018

$1 Billion

I don't listen, which is the best thing I do.

Carolyn Rafaelian
TIMELINE
2018

8 billion, and 18th on the Forbes list of America's richest self-made women, owning 80% of Alex and Ani

2017

As of June 2017, Rafaelian is estimated to be worth $1

2016

Rafaelian was listed 22nd in Forbes America’s Richest Self-Made Women in 2016, with net worth estimated at $700 million in June 2016

2012

She is also the owner of the Rhode Island winery Carolyn’s Sakonnet Vineyard, purchased in 2012 which features wine making, dining area and locally sourced foods

2010

Her firm's revenue grew from $5 million in 2010 to over $500 million in 2016 and the company’s Charity By Design initiative, where 20% of sales go to charity, makes up 20% of sales

2004

In 2004 Rafaelian founded Alex and Ani, a jewelry line named after her two eldest daughters

2002

In 2002 Rafaelian became co-owner of Cinerama with her sister

1994

In 1994 she joined her father's business, and eventually began to work on her own line

1987

She attended the University of Rhode Island between 1987 and 1989, and then she transferred to and graduated from the American College in Los Angeles

1966

Rafaelian's father opened a jewelry factory in 1966, in which Rafaelian and her sister worked

1894

Rafaelian is the owner of a 60-room mansion, the Belcourt of Newport, formerly known as Belcourt Castle, in Newport, Rhode Island, built in 1894

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