Connect with us

Headlines

Alex and Ani Founder Is Now the Richest Self-Made Woman in the Jewelry Industry

mm

Published

on

Her estimated net worth is $700 million.

After Alex and Ani’s sales reached $500 million in 2015, Forbes ranked the jewelry label’s founder, Carolyn Rafaelian, No. 22 on its annual list of America’s Richest Self-Made Women. The business news outlet says that she is the richest self-made woman in the world to derive her wealth from jewelry, estimating her net worth at $700 million. “Rafaelian’s success can be partly attributed to her mastery of the supply chain. Alex and Ani’s pieces — like its bestselling $28 zodiac-themed charm bangles — are mainly made of recycled materials like scrap metal and vintage or surplus jewelry, keeping costs low and margins high.” Alex and Ani now has 65 freestanding stores.

Read more at Forbes

Advertisement

SPONSORED VIDEO

It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular