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

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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

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