logo

What's behind Lori & Mossimo's Glamorously Luxurious Life

Gracious Egedegbe
Apr 02, 2019
08:11 A.M.

Lori and Mossimo are one couple in Hollywood who love to live a glamorous and luxurious life, and we get to find out what’s behind their wealth.

Advertisement

Mossimo Giannulli is a fashion designer, and his wife, Lori Loughlin is an actress best known for starring in the movie “Full House.” The couple has been married for over two decades, living a glamorously luxurious life that many envision.

Advertisement

Together with their daughters, Rose and Olivia Jade, the couple enjoys the finest things of life like living in a $35 million mansion, which they spent millions of dollars renovating. The family also have always had a personal chef, and prefer to eat in than out.

Rose and Olivia are not left out, as their closets contain only designer clothes, and the sisters spend a lot of time traveling to exotic occasions, with one of them working as a social media influencer.

Advertisement

The family’s good fortune comes from Giannulli's initiative at a young age to start his clothing line. The South Californian native dropped out of the University of Southern California, took a loan of $100,000 from his father, and opened shop in 1986, at his garage in Balboa Island, Newport Beach

Young Giannulli created a streetwear brand with his first name “Mossimo” and later eased into other products like sweaters, sweatshirts, knits, suits, and women’s wear.

After ten years in the business, the father-of-three — he has a son from a previous marriage, Gianni — had his business running into millions. However, in the early 2000s, things began to take a bad turn, with the company facing bankruptcy.

Advertisement

They bounced back, and got an offer from Iconix Brand Group, and sold to them, with the designer staying on as the creative director. Giannulli made $88 million from the sale.

The 55-year-old designer's money is not the only fund bankrolling the family. According to “Celebrity Net Worth,” Loughlin is worth $20 million, bringing the family’s net worth to $100 million.

Lori Loughlin and Mossimo Giannulli spotted in Orange County, California | Photo: Getty Images

Lori Loughlin and Mossimo Giannulli spotted in Orange County, California | Photo: Getty Images

The couple according to a retail consultant, Kurt Bernard still makes money from the fame of the name “Mossimo,” but the name recently made headlines for criminal reasons.

It was reported that the famous couple bribed school officials with $500,000 at Giannulli’s alma mater to get their daughters admitted to the school, and “CNN” reported that the actress said it would be considered a donation should anyone ask.

Advertisement

The duo was picked up by the FBI and got released on bail after paying the million Dollars bond, and are awaiting trial. If found guilty, they will be trading their luxury for orange jumpsuits.

Advertisement
info
Please fill in your e-mail so we can share with you our top stories!
By subscribing, you agree to our Privacy Policy
Advertisement
Related posts

Tom Cruise's Rumored Girlfriend, a Mom of Two, Breaks His 33 Age Limit – Details of His Alleged Partner

February 19, 2024

Tom Cruise's Rumored Girlfriend, a Mom of Two, Breaks His 33 Age Limit – Details of His Alleged Partner

February 14, 2024

Mila Kunis Bought Wedding Ring on Etsy & Stayed with Ashton Kutcher amid 'Life-Threatening' Disease

January 11, 2024

Nicole Kidman Signed Prenup Which Helped Keith Urban Get Sober & Made Him Change for His Family

January 23, 2024

Dad Puts Lock on Daughter's Room as Her Cousins Now Live with Them – Mom Takes Their Side Instead

February 16, 2024

Users Say Brad Pitt's New Partner Is Angelina Jolie's Twin: What Do the Two Women Have in Common?

February 22, 2024

Users Say Brad Pitt's New Partner Is Angelina Jolie's Twin: What Do the Two Women Have in Common?

February 21, 2024

"Last Christmas of 4": Kane and Katelyn Brown Thrill Fans with Announcement of Third Child

December 26, 2023

Simon Cowell’s Love Got Pregnant for Him While Still Married to Another Man: Their Son Will Not Inherit His Fortune

October 30, 2023

Ben Affleck’s Two Distinct Diamond Engagement Rings for Jennifer Lopez: Fancy Pink vs Rare Green

November 05, 2023

I Told My Daughter I Wouldn’t Spend Another Dime for Her Wedding upon Seeing Her Dress

November 27, 2023

My Librarian Dad Cardinally Changed Our Lives after His Death

February 16, 2024

How Mariah Carey's Home Life with Twins Looks Like after Divorce: She Combs Daughter's Hair & Keeps Kids 'Normal'

January 16, 2024

5 Celebrities Who Cut Their Kids Out of their Wills

January 30, 2024