Mossimo dropped out of college because he had already started his clothing company in 1986. His clothing company specializes in youth and teenage clothing such as shirts, jeans, jackets, socks, underwear, and accessories.
Mossimo Giannulli Net Worth in 2020
According to sources, Mossimo Giannulli's clothing company started reaping profits from its first year. During his first year in the business, Giannulli grossed $1 million, and the following year it quadrupled to $4 million.
Mossimo Giannulli's net worth, combined with his wife, is estimated to be at $150 million as of 2020. Photo Source: Inquisitr.
Within ten years of the company's establishment, Mossimo's brand expanded the line to include sweatshirts, knits, and sweaters and also included men's tailored suits and women's clothing. The company, "Mossimo INC," has grown to multi-billion lifestyle sportswear and accessories company.
So, with all those billions on shares, and a successful company, it's pretty easy to guess he is certainly a multi-millionaire business person. According to the sources, Mossimo Giannulli is valued at $150 million as of 2020, that is, combined with his wife, Lori Loughline.
Mossimo Giannulli and Wife Lori Loughlin Sentenced Five Months in Prison for College Admission Scandal
On Thursday, November 19, 2020, Mossimo Giannulli reported to prison to begin his five-month sentence at the Federal Correctional Complex Lompoc, according to CNN.
According to the reports, Lori Loughlin and Mossimo are some of the highest-profile parents involved in the college admissions scandal; the couple admitted paying the scheme's mastermind, William Singer, $500,000 to get their daughters into college.