Alex and Ani’s Carolyn Rafaelian on Cover of Forbes

Carolyn Rafaelian is on the cover of Forbes magazine. She’s been dubbed the “Bangle Billionaire,” and is listed as one of the “Richest Self-Made Women."

Carolyn Rafaelian is on the cover of Forbes magazine. She’s been dubbed the “Bangle Billionaire,” and is listed as one of the “Richest Self-Made Women,” landing at #18 on the list. Yes, she’s richer than Beyonce (#46).

From the article: “From its headquarters in unassuming Cranston, Rhode Island, Alex and Ani’s revenues have skyrocketed from $5 million in 2010 to over $500 million in 2016, insiders say, with a net profit margin, according to private equity database Pitchbook, that was recently 23 percent.”

Read the full story in Forbes here:

Bangle Billionaire: How Alex And Ani Founder Carolyn Rafaelian Built An American Jewelry Empire

We can’t say we didn’t see this coming…

Back in our February 2012 issue, Rhode Island Monthly writer Jen McCaffery went behind the scenes at Alex and Ani to write a profile on Rafaelian. We resurrected it from the archives, for your reading pleasure.

A Charmed Existence: Carolyn Rafaelian has turned Alex and Ani into an international success story.

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