Full House star Lori Loughlin and her husband, designer Mossimo Giannulli, made headlines when they were charged in the largest college admissions scam ever prosecuted by the U.S. Department of Justice. According to NBC News, the FBI made 50 arrests in connection with the $25 million scam, which reportedly helped kids cheat on their SATs and bribed coaches to recruit students for sports they didn’t actually play. Lori Loughlin and her hubby allegedly paid $500,000 to help get their two daughters into the University of Southern California — the same place their pops dropped out of before becoming a millionaire. A recorded phone call reportedly revealed that Loughlin agreed to stage photos to make one daughter look like a crew coxswain for the L.A. Marine Club.
College is expensive, buying your way in is even more expensive, and then defending yourself in court is a whole other set of charges. Thankfully, their parents have some cash to burn. Most parents can’t drop half a million on helping their kids fake their way into an elite school, but these two power players have made an absolute fortune. Here’s how much Lori Loughlin and Mossimo Giannulli are really worth.
Full House launched Lori Loughlin into big money
Lori Loughlin wasn’t even supposed to be a regular on Full House, where she starred alongside the Olsen twins as Uncle Jesse’s lady love. According to PopSugar, the starlet was originally contracted to only six episodes, but Aunt Becky soon became a fan favorite and producers loved the way she interacted with the Tanner girls. They ended up giving her a supporting role, where she became a mainstay and finished out the series in 1995.
Loughlin’s first big break was reportedly a Tab Cola commercial (raise your hand if you remember Tab), and by the time she landed her role in Full House, she was already working in TV. The series helped make her a household name, and she’s since landed major roles in Hudson Street, In Case of Emergency, and the 90210 reboot.
Giannulli is a college dropout turned millionaire
Mossimo Giannulli knows what it’s like to get a helping hand from Mom and Dad. Though his parents didn’t spend half a million dollars helping him cheat his way into USC — the alma mater he ditched before launching his namesake brand — he did supposedly receive a generous $100,000 loan from his father to start his clothing line, according to The Hollywood Reporter.
If the name Mossimo sounds familiar, that’s because you’ve probably seen it in every Target across America. Children of the early aughts might think of the brand as those affordable, not-so-trendy basics your mom picks up while browsing for snacks and school supplies, but at one point, Mossimo was a streetwear brand with the same cool power as a modern day Supreme. The clothing line was worth a whopping $275 million in 1996. What can we say? The ’80s and ’90s had a thing for neon-colored activewear.
Lori Loughlin and her husband made millions flipping their old homes
According to Variety, Lori Loughlin and Mossimo Giannulli live in a 12,000 square-foot mansion in one of Los Angeles’ most star-studded neighborhoods that was listed for $35 million in 2017. It’s even got a view of the Bel-Air Country Club, should you enjoy watching rich people play golf. They reportedly purchased the mansion for $13.995 million in June 2015, then embarked on massive renovations. It impresses with six bedrooms, nine bathrooms, and a double-gated driveway with two garages that fit a total of five cars. It’s complete with a hedge-lined courtyard, a large swimming pool, floor-to-ceiling bookcases and archways, and a "combination bar room/den that features a jaw-dropping gold-toned bar, a muscular solid volume with an extra reflective finish that must be murderously time-consuming to keep finger print free and bar room-slash-den," reported Variety.
Basically, it’s the pinnacle of luxury, which served these two well when they were both arrested — Loughlin reportedly used the property as collateral to post her $1 million bond. That wasn’t the first time Loughlin and Giannulli benefited from their real estate purchases. According to Variety, the pair purchased a different Bel Air home in 2002 for around $8 million, which was renovated and sold in 2011 for $16.6 million. In 2010, they purchased a $7.5 million Beverly Hills, Tuscan-style villa. They renovated that house, too, and sold it for more than $18.2 million.
Lori Loughlin probably got a pretty penny from Netflix
According to IndieWire, Fuller House was "one of the most-watched TV series" of 2016. It held up to both The Walking Dead and Sunday Night Football, which says a lot for a second incarnation of an old sitcom that doesn’t even have the Olsen Twins in it. Each episode reportedly pulled in 14.4 million viewers within 35 days of its Netflix premiere. It’s unclear exactly how much Loughlin made from the Full House reboot, but it’s probably enough to afford at least some of the rent on the Tanners’ undeniably expensive San Francisco home (Curbed reports one of those legendary "Painted Ladies" sold for 3.1 million in 2014).
Loughlin’s Fuller House salary hasn’t been disclosed publicly, but co-star Jodie Sweetin’s payday was revealed during a 2017 child support case. According to The Blast, the actress made a whopping $26,000 per week playing Stephanie Tanner, which equates to $590 per hour (That’s almost 40 times more than Stephanie would make if she got a minimum wage job in her San Francisco stomping grounds). As a smaller character who only appears in 13 episodes, Loughlin’s payday is likely far less than Sweetin’s but still nothing to sneeze at.
She probably isn’t rolling in residuals
According to Business Insider, Full House had one of the most-watched series finales ever with a whopping 24.3 million viewers. With a fan base like that and the sheer amount of reruns, you’d think the stars would be making bank long after the series stopped airing new episodes. That’s apparently not the case. In an interview with PopEater (via Digital Spy), series star Bob Saget revealed that he couldn’t retire with his Full House money (much less pay half-a-million to help Michelle con her way onto a college sports team). He apparently hardly makes anything on reruns.
"There’s no Full House money. I didn’t own the show. You get nothing. Residual checks on shows are nothing," he said. "They buy a cycle. Full House just started a new cycle, so someone, not me, is going to make a fortune. Whatever I get is found money. I hate talking about it. Nothing’s what anybody thinks." If Danny Tanner isn’t lining his pockets on reruns, imagine the pennies Loughlin must be earning from the show.
Making money off residuals varies greatly depending on the TV series. For example, USA Today reported in 2015 that the stars of Friends made around $20 million a year in residuals, but in 2017, rapper Drake posted a photo of a check for $8.25 with the caption: "Degrassi money still coming in…" We’re guessing Aunt Becky and Jimmy Brooks have more in common than you’d think.
Lori Loughlin transformed a 1-day gig into a major role with Hallmark
Lori Loughlin has a knack for turning small roles into something greater. Not only did she manage to make herself a regular with the Full House franchise for two separate series, but she also managed to transform her 2013 Hallmark role in the Canadian Western drama When Calls the Heart into a years-long gig. In a 2017 interview with Today, Loughlin revealed that When Calls the Heart was originally a TV movie that was hoping to get picked up as a series. She signed on for just a single day of filming, but producers were hopeful that her name would help catapult the film into long-term success. "I went and worked one day, and then we got picked up, and now … Season 4 is airing. It’s looking good for Season 5," she told Kathie Lee Gifford and co-host Jennifer Nettles.
Things are actually still looking good for the Hallmark series, just not for Loughlin’s role. According to Deadline, the show will continue without her following the star’s arrest. It’s temporarily on hiatus as producers reportedly figure out what to do with the episodes they’ve already filmed.
Lori Loughlin said goodbye to Hallmark and Netflix
Lori Loughlin’s paycheck took a major hit following the news of her alleged involvement in the widely-publicized college admissions scam. According to The Hollywood Reporter, Hallmark cut ties with the star, who had spent five years playing Abigail Stanton on When Calls the Heart and also starred in some of the network’s Christmas flicks and no less than 15 installments of the channel’s Garage Sale Mystery movies. Following Loughlin’s departure, Garage Sale Mystery was canceled, which left her co-star Sarah Strange feeling absolutely robbed of an great opportunity (much like the children who didn’t get into the colleges they probably deserved to get into). "Our show was canceled today and I am bereft … to our fans who follow me who are hurting and in shock, I am so, so sorry," Strange wrote in an Instagram post.
In addition to Hallmark giving Loughlin the boot, the actress will not appear in the fifth and final season of Fuller House. Though she may have already been written off the series before her legal drama, The Hollywood Reporter confirmed there were "no plans" to bring back Aunt Becky.
Lori Loughlin and her husband managed to secure $2 million in bail
While Lori Loughlin lost her job at Hallmark, she and her husband both had enough money (or at the very least, enough assets) to cover their exorbitant bonds. According to TMZ, both Giannulli and Loughlin’s bonds were set at $1 million, and they reportedly used their Bel-Air mansion as collateral. Giannulli was arrested March 12, 2019, along with fellow celeb Felicity Huffman. He reportedly posted bail later that same day. Lori Loughlin surrendered on March 13, 2019, (she was traveling when her husband was picked up) and posted bail later that day.
As for landing future film deals? Things might be tough for Loughlin if she continues to pursue international work. Entertainment Tonight reported that the star’s travel was restricted to the United States and Canada. At the time of her arrest, she was filming another installment of Garage Sale Mystery in Vancouver. The star was reportedly ordered to surrender her passport by December 2019, when her Canadian projects were initially scheduled to wrap.
Through all the ups and downs, Lori Loughlin has managed to amass a pretty impressive $20 million net worth, according to Celebrity Net Worth.
Giannulli’s company was once worth $275 million
Mossimo Giannulli’s clothing brand experienced an astronomical rise and spectacular fall. According to the Los Angeles Times, "Giannulli’s company grew from a garage operation in 1987 into a $72-million annual enterprise in eight years." The majority of that success "stemmed from casual menswear such as shirts and shorts" rather than higher-end designs. By 1996, Complex reported that Giannulli was worth a whopping $275 million. Mossimo had grown to 300 employees, and that year, it went public on the New York Stock Exchange. According to the Los Angeles Times, the brand’s stock price closed at 39 percent higher than its IPO. It was the "second-most-active issue," and at 32, Giannulli became the youngest chairman of a company listed on the NYSE.
Unfortunately, all good things can’t last. Just a year later, in 1997, the company reportedly lost $18.7 million. Shares that were once worth $50 nosedived to a paltry $4.75, according to the Los Angeles Times. Experts reportedly chalked the failure up to Giannulli’s quick leap from beachwear to "top-drawer designer."
Target ditched Mossimo in 2017
Ever wonder how Mossimo ended up going from runways to Target? The whole thing went down in the new millennium, an era where neon athletic wear fell out of favor for butterfly clips and Spice Girls-approved pleather. According to the Los Angeles Times, Giannulli "signed over rights to his name, signature, voice and personality" in 2000 to help save his sinking company. The licensing deal actually worked, and the designer was expected to earn at least $8.5 million in royalties the first year.
Giannulli’s Target deal shocked longtime fans of Mossimo because it positioned the brand away from the world of high fashion and made it a mainstay for busy families on a budget. The brand went from being advertised in GQ and Vanity Fair to slapping its name on area rugs and baby clothes, but Target believed it could rake in more than $300 million worth of sales with the brand’s new image. The box store wasn’t wrong. According to the Los Angeles Times, Mossimo became one of the retailer’s "billion dollar brands," but Target announced plans in 2017 to phase out the product line.
Giannulli sold off Mossimo in the early aughts
A decade after Mossimo’s IPO, Giannulli sold his company for a reported $119 million in 2006 to Iconix Brand Group, who own a variety of clothing and accessories companies, including Ed Hardy, Joe Boxer, and Candies, reported Market Watch. That price tag may not seem like a lot compared to Mossimo’s $275 million valuation in the ’90s, but the brand was projected to pull in just $20 to $25 million in royalties in 2007. In comparison, Mossimo saw $32 million in sales in 1992, long before the Target licensing deal. In other words, while Target was still probably making a killing on the brand, Giannulli’s cut was likely far less than when he was flying solo in his company’s heyday.
The same day Iconic announced its Mossimo deal, it also agreed to buy Mudd (those jeans you see at Kohl’s) for $88 million, reported Market Watch. The latter helped boost Mossimo’s outlook, and shares of the brand closed up 40 percent following news of the acquisition. As part of the deal, Giannulli joined Iconix "as creative director for his namesake brand," so all in all, the whole thing sounded like a decent decision for Giannulli.
Today, Giannulli has an $80 million net worth, according to Celebrity Net Worth.
They’re being sued for $500 billion
Lori Loughlin and Mossimo Giannulli’s collective $100 million net worth might mean nothing if they’re forced to pay billions requested in a lawsuit filed in March 2019. According to Deadline, Loughlin and Giannulli were sued alongside other parents indicted in "Operation Varsity Blues" for "no less than" $500 billion (which has more zeros than we can comprehend). The multi-claim fraud class action suit was brought by Jennifer Kay Toy, an angry mom who just so happens to be an award-winning former teacher. Toy claims her son, Joshua, had a 4.2 GPA but didn’t get into some of the colleges wrapped up in the admissions scam even though he applied to them. "Joshua and I believed that he’d had a fair chance just like all other applicants but did not make the cut for some undisclosed reason," she said (via Deadline).
That’s a lot of money to demand, considering Amazon founder Jeff Bezos — the "richest man in modern history" — only has $131 billion, but hey, it’s worth some thought. Deadline reports that Toy’s suit is "unlikely to be the last such lawsuit to be filed in the coming week and months out of this sprawling conspiracy," so Loughlin and Giannulli had better prepare for the worst and hope for the best.