Michael James Lindell, born June 28, 1961, is an American businessman and CEO of My Pillow, a company producing pillows, bedding, and slippers. Known as the “My Pillow Guy,” Lindell is a vocal supporter of former U.S. President Donald Trump.
Following Trump’s 2020 election defeat, Lindell played a key role in promoting and financing efforts to overturn the election, spreading debunked conspiracy theories about electoral fraud. Additionally, Lindell has promoted unproven COVID-19 treatments, further solidifying his controversial public image.
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Mike Lindell Net Worth
Mike Lindell, once worth $100-$300 million, now has a net worth of $0. His company, My Pillow, saw a dramatic revenue drop from $110 million to $5 million annually after major retailers dropped his products.
Lindell’s legal battles and efforts to challenge the 2020 election consumed much of his fortune, with him reportedly spending $25-$50 million of his own money. In October 2023, facing millions in unpaid legal fees, Lindell claimed to have “lost everything” and was “out of money.”
Early life
Born in Minnesota, Michael Lindell was raised in Chaska and Carver, Minnesota. His gambling addiction began in his teenage years. After briefly attending the University of Minnesota, Lindell dropped out and became addicted to cocaine in his 20s, which escalated to crack cocaine in the 1990s.
His struggles with addiction led to significant gambling debts, the foreclosure of his house, and his wife filing for divorce. Lindell claims he achieved sobriety through prayer in 2009.
Career
Before his big break with My Pillow, Lindell had his hands full, dabbling in a variety of small businesses during the 1980s, which ranged from carpet cleaning, and lunch wagons to even bars and restaurants in Carver County, Minnesota.
It was in 2004 that he invented My Pillow, which quickly evolved into a significant Minnesota manufacturing company. However, not everything was smooth sailing. The Better Business Bureau revoked My Pillow’s accreditation in 2017, predominantly due to continuous consumer complaints.
Personal life
Mike Lindell married Karen Dickey in 1987, and they had four children before divorcing after two decades. He briefly married Dallas Yocum in 2013 before filing for divorce. In 2021, Lindell was falsely rumored to have dated actress Jane Krakowski, leading him to sue the “Daily Mail.”
Due to safety concerns, Lindell relocated to Texas. He founded the Lindell Foundation in 2012 and launched the Lindell Recovery Network in 2019 to help addicts. That same year, he published his memoir, “What Are the Odds? From Crack Addict to CEO.”
Do people still buy MyPillow?
While major retailers have distanced themselves from the brand, MyPillow still finds a market on platforms like Amazon, Belk, and other retailers.
Conclusion
Mike Lindell’s journey from battling addiction to becoming the CEO of a multi-million dollar company, and then facing a drastic financial decline, is a testament to the unpredictability of life. His tale is a vivid example of the intersection between business and politics and the profound impact decisions can have on an individual’s net worth.
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FAQs about Mike Lindell’s Net Worth
- Who is Mike Lindell?
- He’s the CEO and founder of My Pillow and a prominent political activist.
- How did Mike Lindell make his fortune?
- Lindell made a significant portion of his wealth from My Pillow, a company he founded in 2004.
- Which major retailers have dropped MyPillow?
- Bed Bath & Beyond, Kohl’s, H-E-B, and Wayfair are among the major retailers that have ceased selling MyPillow products.
- What is Mike Lindell’s latest venture?
- Lindell has recently launched a social media platform named Frank, upon which he reportedly spends over a million dollars monthly.
- What’s Mike Lindell’s current net worth?
- As of 2023, Mike Lindell’s net worth has drastically declined, with some claims stating he’s down to $0 due to legal expenses and other controversies.
