![](/uploads/1/2/5/8/125848465/196035435.jpeg)
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.
![Mossimo Mossimo](/uploads/1/2/5/8/125848465/101252933.jpg)
One of the best parts of dreaming about all the success you’ll have in this life is considering what you’ll do after you get it. Let’s say you achieve your goal, which could be truly anything big or small, but for this scenario involves obtaining and wielding lots and lots of money. You’ll set your mother up and your dad too.
You’ll get your children into college by any means necessary. You’ll do the big vacations and perhaps buy a yacht because, I dunno, they seem fun. What do you do to fill the long days lying prostrate in the lap of luxury?You could, I suppose, give back, become one of those society philanthropists who could make the lives of others over medallions of beef at galas. You could go to space. You could get into EDM and release a song.
These are all really great ideas. You can’t go wrong with any of them. But consider for a moment Mossimo Giannulli and Lori Loughlin’s hobby: flipping mega-mansions around Los Angeles.The couple, currently facing potential prison time for involvement in the college-admissions scandal, has listed their six-bedroom, nine-bathroom home (they have both pleaded not guilty to all charges). Reported that they’re trying to sell for a bit under $28.7 million, which is millions above the purchase price of $13.995 million. (They’re being quiet about it, or as quiet as they can, at least, according to E! News, whose, “It’s currently not on the MLS and will only be shown to qualified buyers. They are willing to take a lower price than what they asked a few years ago because they are serious about selling.”).
So let this be a lesson to all you richies because it could happen to you. For Giannulli and Loughlin, it’s allegedly defrauding a university, but for the rest, it could be, say, tax evasion or insider trading or racketeering, whatever that is. The point is that when you’re out there fighting the feds tooth and nail, and it seems like the whole world and the tabloid press are against you, it’s good to have something to do. A kind of hope equity. Because lawyers might be expensive and travel from Los Angeles to Boston in the dead of winter is a drag and the prospect of prison time extremely disheartening, but Loughlin and Giannulli could also make a true mint on this reno.
And that’s what ultimately counts.
![Mossimo Mossimo](/uploads/1/2/5/8/125848465/729138247.jpg)
Federal authorities allege that Giannulli, Loughlin and other wealthy individuals paid a combined $25 million to bribe college coaches and administrators to doctor test results and falsify athletic records for their children. The scammers allegedly aimed to boost their kids’ chances of gaining admission to prestigious colleges, including Yale and Wake Forest.Giannulli and Loughlin are accused of paying a $500,000 bribe to have their daughters listed as potential recruits for the University of Southern California’s crew team, even though neither played the sport. The couple faces charges of conspiracy to commit mail fraud and honest services mail fraud. Giannulli and Loughlin were taken into custody and later released on Wednesday, each posting a $1 million bond. “I wanted to thank you again for your great work with our older daughter, she is very excited and both Lori and I are very appreciative of your efforts and end result!” Giannulli said in an email to an implicated official who cooperated with federal authorities.Giannulli founded the Mossimo brand with $100,000 borrowed from his father, according to the Hollywood Reporter. After landing a licensing deal with Target worth tens of millions of dollars in 2000, Giannulli sold his interest in the Mossimo line to Iconix Brand Group.Iconix did not respond to multiple requests for comment.USC has yet to announce if Giannulli’s daughter, YouTube star Olivia Jade, will be permitted to remain enrolled at the school. Hallmark severed ties with Loughlin over her involvement in the scandal, while beauty brand Sephora said it would no longer work with Olivia Jade.
![](/uploads/1/2/5/8/125848465/196035435.jpeg)