Mossimo Giannulli Net Worth and How He Makes His Money
Mossimo Giannulli is best known as the creator of the fashion brand, Mossimo. Here’s Mossimo Giannulli’s net worth and how he makes his money.
How Mossimo Giannulli became famous
Mossimo Giannulli became famous after starting his namesake fashion brand, Mossimo. Giannulli reportedly dropped out of the University of Southern California back in 1987. The former architecture student left college so he could focus on his fashion brand, which he started in 1986. He borrowed $100,000 from his father and started his business in a garage, according to The Hollywood Reporter.
Mossimo Giannulli and Lori Loughlin
Giannulli and Full House star Lori Loughlin have been married for more than two decades. They were married right after Thanksgiving, on November 27, 1997. The couple decided to elope instead of having a traditional wedding. Before meeting and marrying Giannulli, Loughlin married Michael R. Burns in 1989, two years after the premiere of Full House. The couple divorced in 1996, after the television series ended.
Mossimo Giannulli’s children
Giannulli and Loughlin have two daughters, Olivia Jade and Isabella Rose. Olivia Jade became famous after setting up her lifestyle YouTube channel and Instagram account. As her following grew, fashion and cosmetics brands linked with the social media star so they could promote their products. However, Olivia Jade lost some of her partnerships after the college admissions scandal broke.
In March 2019, Giannulli, Loughlin, and actress Felicity Huffman were among roughly 50 people accused of participating in a college admissions bribery scheme to help get their children admitted into some of the nation’s top colleges. Wealthy parents were accused of allegedly bribing college coaches and workers at college testing centers, according to federal prosecutors.
How Mossimo Giannulli made money
Giannulli built most of his wealth from his clothing company, Mossimo. The brand went public on the New York Stock Exchange in 1996, and the company’s value rose to $275 million. At the time, Giannulli was the youngest chairman of a company listed on the New York Stock Exchange (he was 32 years old), reports the Los Angeles Times. This was a very good time for Mossimo, as the company’s earnings grew quickly. Mossimo reported $15.1 million in net income for the nine-month period ended Sept. 30, 1996, according to the publication. This was up from $7.4 million in 1995.
In 2006, Giannulli sold Mossimo to Iconix Brand Group. The company also owns London Fog, Candies, Ed Hardy, Joe Boxer, and other fashion brands, according to The Hollywood Reporter. Mossimo is sold in Australia, Europe, the United States, Mexico, Japan, New Zealand, the Philippines, and South America. In 2018, the clothing brand collaborated with managers of the The Simpsons brand to feature the show’s characters on athletic clothing. A few years later, in 2000, Giannulli collaborated with Target on a licensing deal. Mossimo partnered with the department store for 17 years.
Mossimo Giannulli’s net worth
Mossimo Giannulli has an estimated net worth of $80 million.
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