WSJ: Alex and Ani’s Rafaelian spent $15M restoring Belcourt

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A SCREENSHOT of a profile of Carolyn Rafaelian in the Wall Street Journal in which she said she has spent $15 million restoring Belcourt, a Newport mansion.
A SCREENSHOT of a profile of Carolyn Rafaelian in the Wall Street Journal in which she said she has spent $15 million restoring Belcourt, a Newport mansion.

PROVIDENCE – Alex and Ani LLC founder Carolyn Rafaelian has spent $15 million restoring the Belcourt mansion in Newport, according to the Wall Street Journal Friday.

In a profile of Rafaelian and her collection of homes, the WSJ reported the mansion is open to the public following the restoration.

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CAROLYN RAFAELIAN / PBN FILE PHOTO/RUPERT WHITELEY
CAROLYN RAFAELIAN, in a recent Wall Street Journal article, was said to have spent nearly $36.4 million on five of her properties across the United States. / PBN FILE PHOTO/RUPERT WHITELEY

It also included a rundown of seven other properties owned by the jewelry mogul, including three other properties in Rhode Island in addition to the Newport mansion. The article, which did not document every home purchase, detailed five home purchases at nearly $36.4 million, not including the purchase of a winery for $8.45 million.

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