Update: 25th July 2019
According to the latest update and news, Alex and Ani, the charm bracelet company founded by multimillionaire Carolyn Rafaelian, has filed a lawsuit against Bank of America.
The lawsuit has alleged that Bank of America indulged in “gender discrimination” and violated federal law.
Alex and Ani has claimed damages of $1.1 billion from Bank of America.
This news was revealed by Forbes.
Carolyn Rafaelian Bio
In this article, we explore facts relating to Carolyn Rafaelian’s business interests and net worth and also look at her personal life, husband and daughters.
Carolyn Rafaelian was born in the year 1966. She is 51 years old. However, she looks much younger than her age because she follows a strict regimen of exerise and is careful about her diet.
She did her schooling from the Prout Memorial High School for Girls. Her colleges were the University of Rhode Island and the American College in Los Angeles. She did her graduation from the American College.
Alex and Ani
Alex and Ani is a jewellery company founded by Rafaelian in the year 2004.
The company is named after her two eldest daughters, Alex and Ani.
The annual revenue of Alex and Ani grew from $5 million in 2010 to over $500 million in 2016.
The jewellery company is credited with having increased Rafaelian’s net worth.
Rafaelian’s net worth was estimated at $700 million in June 2016. Presently, the net worth is estimated to be $1.2 billion.
She is number 18 on the Forbes list of America’s Richest Self-Made Women.
The net worth is relatable to the fact that she owns 80 percent Alex and Ani.
Rafaelian fell in love with Joe Triangelo, a real estate contractor, in the year 2010. The couple married in Beachwood.
She was married earlier and secured a divorce.
Rafaelian has three daughters. The eldest two are named Alex and Ani. The name of the third daughter is not known.
Rafaelian lives in a mansion called ‘Belcourt Castle’ located in Newport, Rhode Island.
The mansion was built in 1894. It has 60 rooms and several acres of land.
She bought the mansion in 2013 for $3.6 million. She spent about $5 million to rehabilitate the mansion and make it habitable.
Rafaelian was given the nickname ‘Bangle Billionaire’ by Forbes in honour of the fact that her net worth of more than a billion has come out of selling bangles and jewellery items like bracelets, necklaces, cuffs and rings.
Astrology, charm bangles
The ‘Bangle Billionaire’ is a strong beliver in astrology and numerology.
Her best selling products are “charm bangles” with zodiac signs and religious totems.
She believes each bangle and piece of jewellery is imbued with energy that can have a positive effect on its wearer.
In fact, she has a priest and a shaman bless her inventory before they are sold.
Every Alex and Ani bangle comes with a “meaning card” which explains what the religious symbol means.
The word ‘Om’, a Buddhist religious symbol, is said to “signify God, higher power and the oneness of all beings in life’s cycle.”
Carolyn’s Sakonnet Vineyard
The Carolyn’s Sakonnet Vineyard is located in Rhode Island.
It was purchased by Rafaelian in the year 2012.
The vineyard features wine making, dining area and locally sourced foods. It has won a number of awards in international competitions and is very popular with wine lovers.
Teas and Javas
Teas and Javas is a cafe franchise owned by Rafaelian.
The cafes are attached to Alex and Ani stores in some cases, and independent in others.