Boston University's Olivia Culpo Crowned Miss Universe

Boston University Sophomore and Cranston, RI native Olivia Culpo has another crown to put next to her Miss USA crown: Miss Universe.

Culpo won the Miss USA title in June.

She's the first USA woman to win the title since 1997, beating 88 other contestants from around the world at the pageant in Las Vegas.

"It's a dream," she said the moment she won.

Culpo was wearing a Sherri Hill dress and shoes from Chinese Laundry when she was named a top 16 finalist.

In an interview during the show, Culpo said one thing people might not know about her is "I'm really easy going."

"Any joke — I'll get it. A lot of time, people think of beauty queens almost being plastic. I can take jokes. I can take anything," she said.

In the evening gown competition, Culpo wore a long, red flowing dress with revealing cleavage. Host Guliana Rancic said she was "certainly a mermaid," and "looks like a jewel."

She had a little stumble, but regained her footing. "A true mark of a queen," Rancic said.

In the interview portion of the competition, Culpo was asked: what is something you have done that you'd never do again?

Her answer: picking on my siblings growing up.

As the winner, Culpo will receive an undisclosed salary, a new wardrobe and an apartment in New York City.

She'll soon be traveling around the world fulfilling her duties as Miss Universe.

Click HERE for a photo gallery of Culpo during rehersals all week in Las Vegas.

Click HERE for our story this summer when Culpo was handed the key to the city.

Read MORE about Olivia after she won the Miss USA pageant.

The Miss Universe competition aired Wednesday night on NBC and Telemundo.