Connect with us

Headlines

2 Jewelers Land on List of ‘America’s Richest Self-Made Women’

mm

Published

on

One of them is ‘America’s only jewelry billionaire.’

Carolyn Rafaelian of Alex and Ani and Kendra Scott of Kendra Scott Design Inc. have landed on Forbes’ list of America’s Richest Self-Made Woman.

Rafaelian, 50, is No. 18 with a net worth of $1 billion. She’s “America’s only jewelry billionaire,” according to Forbes.

Cranston, RI-based Alex and Ani has annual revenue of more than $500 million, the magazine reports. Rafaelian owns 80 percent of the firm, which is worth $1.2 billion or more.

Scott, 43, is No. 36 on the list with a net worth of $500 million. She’s a newcomer to the list of the country’s richest self-made women, which is in its third year.

Scott’s company late last year entered into a partnership agreement with Berkshire Partners, a Boston-based investment firm.

Reuters reported that the deal “values the Austin, Texas-based jewelry company at more than $1 billion.”

Advertisement

Scott founded the company with $500 from a spare bedroom in her home in 2002. It has grown into a jewelry, home and beauty brand with 60 stores throughout the U.S. and significant wholesale and e-commerce operations.

Forbes’ list includes 60 women. Their combined net worth is $61.5 billion.

Read more at Forbes

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Most Popular