|Net Worth:||$70 Million|
|Date of Birth:||Jul 28, 1964 (57 years old)|
|Height:||5 ft 6 in (1.68 m)|
|Profession:||Actor, Television producer, Model, Screenwriter|
|Nationality:||United States of America|
Lori Loughlin’s Actress Lori Loughlin, who is also a model and producer, has a fortune of $70 million. Her husband, Mossimo Giannulli, is her co-conspirator and fashion designer. Lori was best known for her role on the sitcom “Full House” before March 2019. She became famous in March 2019 when she was arrested as part of a national college admissions fraud investigation.
When Lori Anne Loughlin was born on July 28, 1964, she lived in Queens, New York. Hauppauge, New York, was her hometown, and Hauppauge High School was her final stop before heading off to college in Connecticut.
As a print model, Lori Loughlin’s career began when she was just 11 years old. During her time on “The Edge of Night,” she starred from 1980 to 1983, when she was just 15 years old. She had a slew of film and television roles during the latter half of the 1980s.
In 1988, she was cast in the ABC sitcom “Full House” as Rebecca “Aunt Becky” Donaldson. Even though her role was originally meant to last only six episodes, Aunt Becky, the wife of Jesse Katsopolis (John Stamos), became an integral part of the show. Tony Danza and Loughlin starred together in ABC’s sitcom “Hudson Street,” which lasted just one season before being canceled.
“A Stranger in the Mirror” (1993) and “In the Line of Duty: Blaze of Glory” (1994) were both starring roles for Loughlin in the 1990s (1997). Although the WB drama series “Summerland” was canceled after two seasons due to low ratings, she co-created, produced, and starred in the show.
“In Case of Emergency” (2007), a sitcom co-starring David Arquette was her next role. Critical Mass” (2000), “Moondance Alexander” (2007), and “Meet My Mom” (Hallmark) are just some of Loughlin’s other film roles (2010).
With her starring roles in “Garage Sale Mystery” (2013-2019) and the drama “When Calls the Heart,” she continued her Hallmark network relationship (2014-2019). As Debbie Wilson, she co-starred in the spin-off of Beverly Hills, 90210 from 2008 to 2011, and appeared in the season five premiere episode in 2012. “Fuller House,” a sequel to the original “Full House” series, has also had her reprise her role as Rebecca Donaldson.
Michael R. Burns, an investment banker, was Loughlin’s first husband from 1989 to 1996. She has now been married to fashion designer Mossimo Giannulli since 1997. Olivia Jade Giannulli and Isabella Rose Giannulli are their two children.
The clothing line Mossimo was founded by Mossimo in the 1990s and was particularly popular at the time. Mossimo’s stake in the company was worth $500 million at its height of success. In the end, the good times were fleeting. Eventually, the company’s stock price plummeted due to its rapid expansion. Iconix Brand Group purchased Mossimo and now the clothing is only sold at Target.
From 2015 to 2020, Loughlin and Giannulli lived in a massive mansion on the grounds of the Bel-Air Country Club in Bel Air, California. When the couple bought the house in 2015, they paid $14 million for it and then spent millions of dollars renovating and enhancing the property. They tried to sell the mansion for $35 million at one point, but no one was interested. A lower asking price of $28.7 million was eventually accepted; however, the final sale price was reduced to $18 million. Justin Mateen, the co-founder of Tinder, was purchased.
In 2015, they sold their Beverly Hills mansion for $18 million, which they had previously occupied. They had previously lived in a Bel-Air mansion that sold for $40 million in 2018 (to a different owner). For $7.6 million, the couple also sold their Aspen home in July 2015.
It was in Laguna Beach’s exclusive Emerald Bay neighborhood that they had previously owned a home. The Malibu of Orange County is Emerald Bay. They paid $1.36 million for it in 1997. In 2008, they offered $12.99 million for the property. They tried to sell the property for $8.5 million a year later when the real estate market collapsed—accepted $4.1 million a year later.
Varsity Blues College Admissions Scandal
When the FBI raided Mossimo and Loughlin’s Bel Air home on March 12th, they found the couple in custody for a college bribery scam. An investigation has been launched into claims that they paid $500,000 for their two daughters to be admitted to the University of Southern California’s rowing team, even though neither had ever trained as a rower and had no plans to row at college. Due to the serious nature of the charges against them, they were released on $1 million bail bonds each. Both of them pleaded not guilty on April 15, 2019, and rejected a two-year prison sentence as part of a plea deal. After that, they were charged with money laundering, conspiracy, and bribery, which could result in up to 50 years in prison if convicted.
On October 22, 2019, authorities announced that Loughlin would be charged with “conspiring to commit federal program bribery” as part of the college admissions cheating scandal. In addition, Stanford University graduates have named Loughlin and Mossimo as defendants in a private class-action lawsuit, alleging that their degrees have been devalued as a result of their school’s association with the college cheating scandal.
Even though Loughlin was implicated in the college-cheating scandal, she has been dropped by the Hallmark Channel and all scheduled productions of projects involving her have been put on hold. Hewlett-Packard has also dropped her and her daughter Olivia Jade from their 2017 ad campaign, which they had previously shot with the brand.
A blow has been dealt with Olivia Jade’s career, too. Before the admissions scandal broke, she had lucrative deals and partnerships with brands like Sephora, TRESemmé, and Princess Polly as an internet personality and social media influencer. All of those deals and partnerships came to an end after the brands learned of her involvement.