Massimo Giannulli was born on the 4th June 1963, in California, USA, and is best known for being a very successful fashion designer, the founder of his own fashion house named “Mossimo, Inc.”. He has been an active member of the fashion industry since 1986.
Have you ever wondered how rich is Mossimo Giannulli as of early 2016? According to authoritative sources, it has been estimated that the overall size of Mossimo’s net worth is currently over $50 million, with the main source of this amount of money being, of course, his successful involvement in the fashion industry.
Mossimo Giannulli Net Worth $50 Million
Mossimo Giannulli spent his childhood in southern California. He was born to Nancy, who worked as a homemaker, and Gene Giannulli, who worked as an architect. He changed his name from Massimo to Mossimo while in first grade, as his teacher suggested it was easier to pronounce. He enrolled at the University of Southern California to study Business and Architecture, but quickly quit education and began pursuing his career as a fashion designer.
Mossimo’s career began in 1986, when he took a loan from his father worth $1 million, and started a lifestyle company at Balboa Island in Newport Beach, California. The company immediately started to operate with success, and in its first year grossed $1 million. It continued successfully, and in five years it expanded into producing sweatshirts, sweaters and knits. In 1995 it expanded further, to men suits and women’s apparel. In its first ten years, the company operated highly successfully, grossing over $75 million a year, and also having $10 million in profits, which became the main source of Mossimo’s net worth.
However, after the expansion, it all took a turn for the worse, as their profit nmargins began to decline, and Mossimo needed to think of something to keep his company running. In 2000, it resulted in a deal with Target Stores, which allowed Mossimo to keep his clothing line at high level, and also to be available for purchase throughout the world. As of 2016, the clothing line has been available for purchase in over 1,500 stores in the USA, but it is also available in over 600 stores throughout Japan, India, Mexico, Australia and the Philippines. During the company’s golden years, its stock prices were as high as $50 dollars, however, it later dropped down to only $4.75. Regardless, Mossimo managed to recuperate his company, and for now his wealth is safe. Undoubtedly, his net worth will only go higher now, as the company continues to operate with success.
Regarding his personal life, Mossimo Giannulli was firstly married to Chris Clausen, with whom he has a son, but their marriage was short. He then married actress Lori Loughlin in 1997; the couple has two daughters and currently resides in Bel Air, California.
