How much is Lori Loughlin worth?
| Net Worth: | $40 Million |
|---|---|
| Profession: | Professional Actress |
| Date of Birth: | July 28, 1964 (age 58) |
| Country: | United States of America |
| Height: | 5 ft 6 in (1.68 m) |
About Lori Loughlin
Lori Loughlin was born in New York in the summer of 1964 to Lorellee and Joseph Loughlin. She spent most of her early years growing up on Long Island with her parents and a younger brother. Her father was a foreman at the New York Telephone Company while her mother stayed at home with the kids. The family lived a modest life of a typical New York family for the times.
Interested in acting at an early age, Lori was discovered for her first print modeling gig at only 11 years old while tagging along with some neighborhood friends at a modeling agency audition. After that, Lori was hooked on the idea of continuing her career choice.
“I always had an interest in wanting to act, but my family wasn’t in the entertainment industry at all, and we didn’t know anyone. We didn’t really even know how you begin to crack that nut,” Lori Loughlin has said. Long before she became everybody’s favorite aunt, Lori Loughlin began her acting career with television commercial spots which eventually led her to became a regular on The Edge of Night at the age of 15.
For three years she played the part of a wannabe dancer before moving on to several movies such as Secret Admirer where she played the ever faithful best friend; Casper: A Spirited Beginning as Sheila Fistergraff, small town teacher and protester of mini-malls, and in the campy horror flick, The New Kids.
Lori also spent her time on the small screen with guest spots on several television shows between 1982 and 1988 before landing the gig of a lifetime: Aunt Becky on Full House. Full House, a wildly popular family sitcom, made Lori a house hold name. Appearing as the beautiful and intelligent co-host of single dad, Danny Tanner, the public was drawn to the woman who would tame Uncle Jesse and continued to follow their romance, along with the rest of the family, for 8 full seasons.
“I think any critic that takes a swipe at ‘Full House’ is like taking the family dog. The dog brings you joy and happiness and makes you forget your problems, and that’s all ‘Full House’ does. Literally, taking a potshot at that show is like taking the family dog,” Lori Loughlin has said.
Since then, she has appeared in many other television shows including an episode of Seinfeld, Spin City, and Suddenly Susan as well as a regular roles on 90210 and Summerland. Lori starred in several made for TV movies on the Hallmark Channel, as well as the the series When Calls the Heart and Garage Sale Mysteries on the same station before she was let go for her part in the college admissions bribery scandal. During the same period, she also brought back Aunt Becky on Fuller House, a Netflix series.
Lori has appeared in 13 feature films, made for TV movies, and more importantly, over 20 television series. Some of which she also helped create and produce and have been a major reason for her high earnings in the entertainment industry.
Choosing roles that are based on family values, Lori had made a career of being seen as the wholesome girl-next-door. Fans have been drawn to her easy attitude since the first time she said, “Wake Up San Francisco!”. Over time, it was easy to see Lori’s dedication to each role that made them so special to viewers. Taking a very real approach to the characters that she plays, Lori never suffered from what other actors did when they are well known for a particular role. She was able to leave Aunt Becky behind and become someone new in each role she has played.
Lori’s Total Net Worth
Some of Loughlin’s biggest movies that she has appeared in are Secret Admirer, The Night Before, Rad and The New Kids among others. More importantly, she was cast in Full House, 90210, Garage Sale Mysteries, When Calls The Heart, Fuller House and many more. In total, it is estimated that Lori Loughlin’s career earnings have been some $50 million dollars.
On average, over her 51 year career (1971-2022), Loughlin has earned $980,000 per year. That would make her effective tax rate about 33% for federal income tax and at about 13% for her California state tax, with an overall effective tax rate of about 46%. However a lot has happened in the U.S. tax code since the 70s, for a start federal income taxes were at 70% for earnings over around $200,000 until Reagan tax cuts began to take them down in the early 1980s. That said, taxes were lower than the 37% that they are today in the 2000s and Loughlin has earned far higher dollar amounts since the original tax cuts.
Of her $50 million dollars income, $3-4 million will have been paid in business related costs. The remainder, $46.5 million, will have been taxed around 49%. After tax, it is estimated that her career earnings are at around $23.71 million dollars, having paid $22.79 million dollars in taxes.
Lori Loughlin was married to Michael Burns between 1989 and 1996. They had no children together and it seems that Loughlin’s earnings may have dwarfed Burns, who is an executive. In fact, she had just completed Full House a year earlier where she may have been paid as much as $65,000 per episode. It is possible that Loughlin may have had to pay Burns around $2-3 million dollars.
It had seemed that Loughlin’s personal life was perfect. She married American fashion designer, Mossimo Giannulli, in 1997. Mossimo Giannulli had founded the brand Mossimo which was a clothing company that had a fresh approach that people liked and had significant success initially, according to Fool. However it seems that it over expanded its offerings thereby diluted the value of the brand. While the company may have been worth as much as $500 million at one point, it eventually lost perhaps 80% of its value and was eventually sold to the Iconix Brand Group. Today, clothes by Mossimo are still sold at Target but the brand is worth not nearly what it once was.
Nevertheless, Loughlin’s husband Mossimo Giannulli is still worth an estimated $50 million dollars and he is in good shape and physically attractive. What led Loughlin to become part of what is now known as the “2019 college admissions bribery scandal”, is unclear.
Lori Loughlin was sentenced to two months in prison in August for her role in the college admissions scandal. She reported to a low-security federal facility in Dublin, California. After serving nearly two months for her role in the high profile college admissions scandal, a cheating scheme to unfairly get students admitted to elite universities, Loughlin was released in 2020.
While Loughlin’s TV career may be all but over, she has earned some money in real estate over the years. Loughlin and her husband Giannulli have bought and sold a number of properties including in Aspen, Colorado; a property for $7.6 million.
In 2015, the couple purchased a $14 million dollars property in Bel Air Country Club and sold it for $18 million to Tinder co-founder, Justin Mateen, in 2020. It is unclear how much they profited from that particular sale however, as word is they invested millions on upgrades and renovations. However, they had previously sold a property that they had purchased for $1.36 for $4.1 million and there have been many more buy and sell deals besides. It is also expected that much of the money that Loughlin earned post-1997 would have been invested wisely under Giannulli’s guidance.
Outside of the collage admission scandal, there seems to have not been many other substantial problems in Loughlin’s life. She has had no history of alcohol abuse or anything like that. When taking into account personal expenses, like living costs, miscellaneous payments, as well as business costs, including agent and management fees. In addition to some money spent, some lost, it is estimated that she has accrued quite some investment gains. Since the year 2000, the S&P500 has almost tripled and Loughlin has made real estate investment returns, as well.
In her personal life Loughlin has likely spent $4-5 million dollars of her career earnings but also probably possesses assets valued at around $1 million, not including investment assets. In her investments, she may have earned investment returns of $20-25 million dollars. Therefore, it is estimated that Lori Loughlin has a net worth of about $40 million dollars.
Summing-Up
Being seen as respectable and a rock solid person has been the backbone of Lori’s career and so it is a shame that she was one of the parents who was involved in this unfair admission scheme. For over 40 years she has been a fixture on American television and film earning her accolades from the acting community with nods from the Young Artists Awards, the Daytime Emmy Awards, and Teen Choice.
