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2 Jewelers Land on List of ‘Richest Self-Made Women’ Once Again

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Both slipped a few notches from last year.

With a net worth of $1 billion, Carolyn Rafaelian of Alex and Ani has landed at No. 21 on Forbes’ latest list of America’s Richest Self-Made Women.

Kendra Scott of Kendra Scott Design Inc., meanwhile, is No. 40. Her net worth is listed at $500 million.

Forbes describes Rafaelian, 51, as “America’s richest jeweler”

In addition to her majority stake in Cranston, RI-based Alex and Ani, Rafaelian “has bought up more than 30 properties, most of which are in her native Rhode Island including a castle and vineyard,” according to Forbes.

Last year her $1 billion net worth put her at No. 18 on the list.

Scott, 44, owns a maority share of the company she founded in 2002. It’s now a 79-store chain, and the brand “has expanded into home decor, making candles, boxes and trays,” Forbes notes.

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Last year, her $500 million net worth landed her at No. 36 on the list.

Forbes’ list includes 60 women. Their combined net worth is $71 billion.

Read more at Forbes

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For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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