Chief Executive Officer of My Pillow, Mike Lindell has a net worth of $40 Million US Dollars. Lindell’s annual income is $7 million. Mike Lindell is a prominent supporter of former U.S. President Donald Trump. Before launching My Pillow, Lindell was in the business of carpet cleaning and lawn mowing. Due to his association with Trump, Mike Lindell’s net worth has dropped by over 50% in the past few years.
Mike Lindell Net Worth
| Net Worth | $40 Million |
| My Pillow Net Worth | $390 Million |
| Annual Income | $7 Million |
| Salary | $1 Million |
| Inheritance | $900,000 |
| Cars | 10 |
| House Properties | 12 |
| Yachts | 4 |
| Luxury Watches | 15+ |
| Alimony | $610,000 |
Drop in Wealth
Once Mike Lindell began supporting Donald Trump, My Pillow experienced a surge in sales, especially from staunch Trump loyalists. However, after Lindell voiced contentious opinions regarding the 2020 Presidential Election results, major retailers, including Bed Bath & Beyond, decided to discontinue stocking My Pillow. See Rudy Giuliani Net Worth
At his financial peak, Mike Lindell boasted a net worth of $70 million. But post-2020, this figure has been on a decline. Currently, the combined net worth of Mike Lindell and his equity in My Pillow is estimated at $40 million. A potential pathway for Lindell to regain his financial momentum might be a Trump resurgence to the presidency.
Settlements
Another factor contributing to Mike Lindell’s decreasing net worth is the multitude of legal settlements and notices he has received. His comments about the 2020 Election resulted in court-ordered payments exceeding $20 million to various entities and individuals.
Lindell tried to get out of the settlement tangle by taking the help of Clarence Thomas, but it was in no vain. Many past supporters of Lindell such as Candace Owens and Ben Shapiro have distanced themselves from him.
Fruitless Gifts & Other Losses
Mike Lindell has seen significant financial setbacks due to losses in poker and gambling, having reportedly spent around $3 million on poker over the last two years alone. Furthermore, he has spent a considerable amount trying to foster relationships through lavish gifts.
For example, Lindell once gifted Joe Rogan a Rolex watch valued at $50k in an attempt to win his favor. While Rogan accepted the watch, he kept Lindell at arm’s length. In a similar vein, Lindell has presented extravagant gifts to personalities like Rudy Giuliani, Jeanine Pirro, and Tucker Carlson. Such spending habits have undeniably impacted his net worth.
Net Worth Timeline
| Mike Lindell Net Worth 2023 | $40 Million |
| Mike Lindell Net Worth 2015 | $72 Million |
| Mike Lindell Net Worth 2010 | $51 Million |
| Mike Lindell Net Worth 2005 | $22 Million |
| Mike Lindell Net Worth 2000 | $6 Million |
How much is the My Pillow company worth?
As of today, My Pillow’s net worth is $390 Million. Mike Lindell owns 8% equity in My Pillow, which means the value of his share is $35 Million. If not for political controversies, My Pillow could have become a global giant. However, its net worth is decreasing each year due to boycotts from Democrats and Liberals.
Mike Lindell Biography
Mike Lindell is a prominent American businessman, entrepreneur, and political activist, best known as the CEO and founder of MyPillow, a company specializing in pillows and bedding products.
Born on June 28, 1961, in Mankato, Minnesota, Lindell’s life and career have been marked by both business success and political controversy.
Early Businesses
Lindell’s journey to entrepreneurship began with various ventures, including carpet cleaning and a bar.
However, his breakthrough came with the creation of MyPillow in 2004. Before MyPillow, Mike Lindell’s net worth was just under one hundred thousand dollars.
MyPillow Success
The company’s signature product, a patented open-cell, poly-foam pillow, gained immense popularity for its comfort and support.
The company’s growth was remarkable, eventually expanding its product line to include sheets, mattress toppers, and more.
Due to the huge success of MyPillow, Mike Lindell’s net worth also got a huge boost and brought him millions in revenues.
Personal Life
Lindell’s personal life and struggles have also garnered attention. He has openly discussed his past struggles with addiction, particularly to crack cocaine, and his journey to recovery.
Politics
However, Lindell’s career took a notable turn when he became involved in politics. He became a vocal supporter of Donald Trump and the Republican Party, often appearing at Trump rallies and events.
His strong conservative beliefs and support for the former president made him a polarizing figure in American politics.
Legal Troubles
In 2020, Lindell gained significant attention for his claims of election fraud related to the 2020 U.S. Presidential election.
Due to subsequent legal cases and Settlements, Mike Lindell’s net worth dropped by more than half it’s value.
He publicly promoted baseless conspiracy theories and alleged widespread voter fraud without providing concrete evidence.
His advocacy for these claims led to controversy and legal challenges, including lawsuits from voting machine companies and social media platforms restricting his online presence.
Philanthropy
Beyond his political involvement, Lindell’s philanthropic efforts have also been notable. Mike Lindell’s net worth was reduced by 5% due to his donations.
He founded the Lindell Foundation, a nonprofit organization that supports various charitable causes, including addiction recovery programs and disaster relief efforts.
Despite the controversies surrounding his political views and election-related claims, Mike Lindell has remained a successful businessman.
MyPillow continues to operate, and his brand remains well-known in the bedding industry.
FAQs
Yes. My Pillow generates $24 Million in sales revenues and $10 million in profits each year.
Mike Lindell’s My Pillow employs over 1600 people across the United States and China.
Mike Lindell, the CEO of MyPillow, was married to his ex-wife, Karen Dickey.
Yes, Mike Lindell has a daughter. Her name is Heather Lueth.