Carolyn Rafaelian, founder of jewelry company Alex and Ani, on the cover of Forbes’ June 13 issue honoring 2017’s “America’s Richest Self-Made Women” (Photo: Jamel Toppin/Forbes)

Alex and Ani’s Carolyn Rafaelian Ranks 18th on Forbes’ List of ‘Richest Self-Made Women’

PROVIDENCE, Rhode Island—Armenian-American entrepreneur Carolyn Rafaelian−founder of jewelry company Alex and Ani−is featured on the cover of the June 13 issue of Forbes Magazine, honoring the annual list of America’s Richest Self-Made Women.

Earning the 18^th spot on a list of 59 women, Rafaelian’s company is said to be worth over $1.2 billion.

“I’m honored and grateful to receive this recognition from Forbes,” Rafaelian said in an interview with Women’s Wear Daily. “My path has been blessed with opportunities and people willing to share their talents to create something truly special. There is more to come. I am living proof that the American dream is still alive and well; this time it’s through the eyes of the feminine and all the magic that follows that journey.”

Rafaelian founded Alex and Ani−named after her two eldest daughters−in 2004, and is currently named America’s richest jeweler.

In addition to her jewelry company, Rafaelian has owned Carolyn’s Sakonnet Vineyard since 2012, which features wine making, a dining area and locally sourced foods. The vineyard has since won a number of international awards.

The Rhode Island-based businesswoman was recognized as 22nd on the same Forbes’ list in 2016, with a net worth estimated at $700 million.

“Thank you to everyone who has supported my vision with Alex and Ani,” Rafaelian said in a Twitter post on Wednesday. “This wouldn’t be possible without you.”

Among the people on the this year’s list include Oprah Winfrey, Beyoncé Knowles, Vera Wang, and Meg Whitman.