Mossimo Giannulli Net Worth: How He Made Money As A Fashion Designer

Find what you love, study it, become an expert, and you will be successful. It is a piece of advice often given to young people who are just starting their lives, and something Mossimo Giannulli has applied to his life as a fashion designer. Through his work in the fashion industry, Mossimo Giannulli has achieved an incredible net worth, building a brand recognizable across America.

Learning about how others achieved their wealth can be a form of inspiration, and in this article, we discuss Mossimo Giannulli’s significant net worth as well as how he made it.

Mossimo Giannulli’s Net Worth

Mossimo Giannulli, the Ameican fashion designer, has a net worth of $80 million, according to Celebrity Net Worth, the celebrity finance tracking website.

His considerable net worth places him among the wealthiest people in America, specifically among the one-percent. He acquired his enviable wealth over the course of more than three decades as a fashion designer.

How He Made Money as a Fashion Designer

Mossimo Giannulli studied business and architecture at the University of Southern California before he identified what he truly loved and went after it.

After he accepted his love for fashion designing, he went up to his father to borrow $100,000 as capital to start his fashion company, Mossimo. The company was established in 1986, and the following year, he dropped out of college. He focused his fashion products on youth and teenage clothing, designing and releasing fashion items like jackets, shirts, jeans, socks, underwear, and other fashion accessories.

In the first year of his business, Mossimo, the brand grossed a total of $1 million in revenue, causing a serious shift in net worth for Mossimo Giannulli. The company continued its growth the following year, reaching a sales revenue of $4 million.

With each growth in revenue, he expanded the product catalog of the company, adding sweatshirts, knits, and sweaters. He also added women’s clothing and expanded his products upscale by adding tailored suits.

The move proved very successful for the brand, and within eight years in business, Mossimo, Inc. had become one of the highly valuable fashion companies in America with a vast customer base.

This informed his decision to take his company to the next level and go public. Mossimo Giannulli took Mossimo, Inc. public in 1996, becoming the youngest chairman of a company listed on the New York Stock Exchange at the age of 32. The company, at the time, was worth an estimated $275 million, and Mossimo Giannulli himself had seen his net worth climb north of $100 million.

READ   The Net Worth of These Young Celebrities Will Leave You Envious

At the company’s peak, it had a presence in more than 1,700 stores in the United States as well as an addition 600 stores across the globe. However, peak years do not last, and the downturn came very quickly for Mossimo.

The expansion to upscale products did not prove wise for the company’s revenue, and the company’s value dropped from a stock price of $50 to $4, and along with it, Mossimo Giannulli’s net worth.

The company was worth over $500 million at its peak, but following its failure at transitioning to upscale products, it faced the threat of extinction.

To save the company, in 2000, Mossimo downscaled the company’s product catalog and entered into a major multi-product licensing agreement with the department store chain, Target, at a cost of $27.8 million, paying Giannulli $8.5 million per year in royalties over the course of three years.

Six years after, he sold the company to Iconix Brand Group for $135 million and has maintained his earnings from the sale which has grown into his $80 million net worth today.

How Does He Spend His Money?

Mossimo Giannulli net worth
Mossimo Giannulli with his wife, Lori Loughlin

With a net worth once higher than $100 million, Mossimo Giannulli has been able to afford a number of luxuries since he decided to drop out of college and pursue his dream. That wealth has been spent on a few things such as his primary residence in Bel Air, California which cost $19 million. He also used to own a mansion in Beverly Hills that was sold for $18 million.

See Also: How Did Khloe Kardashian Achieve a Net Worth of About $40 Million?

However, not everything Mossimo has spent on has been legal. In March 2019, he and his wife, Lori Loughlin, an actress, were arrested for spending $500,000 to get their two daughters admitted into the University of Southern California, by falsifying their record as talented rowing athletes. After the arrest, Mossimo spent an additional $1 million on bail.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports


Cole Beasley Biography – How Tall is He and Who is The Wife Krystin Beasley?

Cole Beasley is one American wide receiver with a knack for finding the soft spot in zone coverage and can as a matter of...

Inside Andrew Luck’s Post-Retirement Net Worth and Marriage to Nicole Pechanec

Marshawn Lynch's net worth is currently $40 million. He was enjoying a successful career before he was forced to retire due to injuries. Andrew...

Facts to Note About How Jadeveon Clowney Made His Money and His Family Ties

Jadeveon Clowney has become one player that opposing team quarterbacks do not like to see coming at them. Thanks to his domineering body size...

Does Dak Prescott Have A Wife Or Girlfriend and How Much Is He Worth Now?

The American football quarterback Dak Prescott is undoubtedly one of the many professional quarterbacks you would enjoy watching. Dak has come a long way...

Analysis of Al Pacino’s Net Worth and Details About His Wife or Girlfriend, and Children

Al Pacino is an American actor, filmmaker, and screenwriter. Being a recipient of the Triple Crown of Acting, Pacino has found tremendous success acting...

The Untold Truth Of Josh Flagg’s Net Worth And His Marriage To Bobby Boyd

Josh Flagg is a renowned American real estate agent and television big name who rose to stardom in 2006 after appearing in the debut...

The Highs of Taysom Hill’s Career, Net Worth And Facts About His Wife Emily Nixon

When life gives you lemons, then you should make lemonades out of it. One person who appears to be doing exactly that is Taysom...

A Look at Why Channing Tatum Divorced His Wife, Details of His Current Girlfriend and Net Worth

Channing Tatum is an American actor who began his Hollywood career in 2004 starring in an episode of CSI: Miami. He is also a...

A Review of Andrew Ilnyckyj’s Relationship Timeline and Career Pursuits

Without a doubt, Buzzfeed since its creation in 2006 has been the custodian of viral content on the internet. The Internet media company has...

A Look At Gal Gadot’s Family, Husband ‘Yaron Varsano’ and Her Current Net Worth

When it was revealed that the superhero comic character Wonder Woman would be getting her movie, fans worldwide were ecstatic. For the role, the...

Understanding Jay Z’s Net Worth, Career Successes and How He Spends His Money

In recent times, Forbes has reported that a few American rappers are worth more than a billion dollars. The first rapper that, however, received...

The 30 Highest Paid Celebrities In The World and Their Earnings

As each new year dawns, many of us ramp up on our efforts to achieve our targeted goals but there is these special group...

Featured Today

Why Did Dave Grohl Get Divorced From His First Wife Jennifer Youngblood?

It was once said that hard work would beat talent when talent fails to work hard. Such motivational quotes go a long way to...

Who Is CNN Dana Bash, What Is Her Salary & Why Did She Divorce John King?

The award-winning Dana Bash is an amazing American journalist, television anchor, and chief political correspondent for CNN. Best known for her unparallel contributions since...

Shimon Prokupecz’ Career Until CNN and Fun Facts About His Sexuality

Shimon Prokupecz may be one of CNN’s most promising Justice Reporters today, but he did not start that way. The American journalist, like many...

Gigi Gorgeous Before And After: Does She Have A Boyfriend or Girlfriend?

Canadian born Gigi gorgeous was born Gregory Allan Lazzarato on April 20, 1992, the son of David and Judith Lazzarato. Her family is a mixture of Italian, Lebanese,...

Related Stories