Last Updated on April 16, 2023 by Benjamin Mulany
Mossimo Giannulli is well-known for his fashion brand “Mossimo,” which he launched in 1986. If you don’t know, he is a fashion designer from California, United States. Mossimo Giannulli’s net worth is estimated to be $70 million and alongside his wife Lori Loughlin, they both hold a combined net worth of over $100 million.
|Full Name||Massimo Giannulli|
|Net Worth||$70 million|
|Profession||American fashion designer|
|Birth Date||June 4, 1963 (age 59)|
|Birth Place||Los Angeles, California, USA|
|Last Updated||April 2023|
Mossimo Giannulli was born in Southern California on June 4, 1963. He was the youngest of three siblings, and his parents were both from Italy.
Mossimo attended the University of Southern California for three years after completing high school. However, in 1987 he left the university to concentrate on his own clothing brand
Mossimo Giannulli Net Worth And Career
Giannulli started his career by designing surfwear in the 1980s. He launched his brand, Mossimo, in 1986, which quickly became popular among young people.
Mossimo used $100,000 borrowed from his father to establish the surf and lifestyle clothing brand. In the first year of operation, the company produced a revenue of $1 million, followed by a $4 million profit the following year.
The brand expanded to include women’s and men’s clothing, shoes, and accessories.
In 1996, Mossimo went public and was valued at $350 million. At its highest point, the brand was available in 1,700 stores across the US and had approximately 600 international stores.
However, in the early 2000s, the brand faced financial difficulties and filed for bankruptcy. Giannulli sold the brand to Iconix Brand Group in 2006 for $135 million.
Giannulli’s fashion career also included collaborations with major retailers like Target and J.C. Penney.
He designed a clothing line for Target, which became one of the retailer’s most successful partnerships. He also launched a line for J.C. Penney, which was discontinued after two years.
Giannulli has been married to actress Lori Loughlin since 1997. They first met in 1995 when Lori was still married to Michael R. Burns, an entertainment executive, and later got divorced in 1996.
Mossimo and Lori have two daughters, Isabella Rose and Olivia Jade, who are social media personalities.
College Bribery Case And Mossimo Giannulli Arrest
In 2019, Mossimo Giannulli and Lori Loughlin were both implicated in the college admissions scandal, where they were accused of paying $500,000 in bribes to get their daughters into the University of Southern California as crew recruits, despite neither girl ever rowing in high school.
Giannulli and Loughlin pleaded guilty to conspiracy to commit wire and mail fraud in May 2020. Giannulli was sentenced to five months in prison, a $250,000 fine, 250 hours of community service, and two years of supervised release.
Mossimo Giannulli Net Worth
As of 2023, Mossimo Giannulli’s net worth is estimated to be $80 million. His major sources of income involve not only his fashion career but also his business and real estate portfolio.
In conclusion, Mossimo Giannulli has had a successful career as a fashion designer and entrepreneur. Despite his legal troubles in the college bribery scam, he has managed to maintain his wealth through various business ventures and investments.
Benjamin writes and conducts research for AllAboutNetWorth. Ben is a young Canadian man who is now exploring the world. He enjoys both eating and tourism. Benjamin has a strong love for inspiring others to pursue their ambitions. He has explored his interests, vocations, and finances for more than five years. The writings and publications on AllAboutNetWorth are the brainchild of Ben.