Mike Lindell's net worth today: How rich is the My Pillow founder?
Meet Mike Lindell, the man behind My Pillow, the company that won the Guinness World record for the world's largest pillow fight in 2018. He is known not only as a business tycoon but also as an election denier and supporter of former U.S. President Donald Trump. So, what is Mike Lindell's net worth, and is he still wealthy?
Source: Getty Images
TABLE OF CONTENTS
Mike Lindell's net worth has run into millions because of his My Pillow company. The company sold over 41 million pillows through TV infomercials and was a staple product in places like Walmart and Bed Bath & Beyond. It is one of the best-selling products in America, Canada, China, and beyond.
Profile summary
| Full name | Michael James Lindell |
| Nickname | MyPillow Guy |
| Gender | Male |
| Date of birth | 28 June 1961 |
| Age | 63 years old (as of 2024) |
| Zodiac sign | Cancer |
| Place of birth | Mankato, Minnesota, United States |
| Nationality | American |
| Ethnicity | White |
| Religion | Christianity |
| Sexuality | Straight |
| Height | 5'10" (178 centimetres) |
| Weight | 84 kg (161 lbs) |
| Siblings | 2 |
| Marital status | Divorced |
| Ex-wife | Dallas Yocum |
| Children | 4 |
| College/University | University of Minnesota |
| Profession | Business executive, politician, author |
| Position | CEO |
| Social media |
What is Mike Lindell's net worth?
Mike Lindell's net worth in 2024 is uncertain and mysterious. However, according to Celebrity Net Worth, he has zero net worth. But other sources, like Wealthy Gorrila, state he has an estimated net worth of $50 million.
Is Mike Lindell a billionaire?
He is not and was never a billionaire. Mike also debunked stories and publications of him being a billionaire. He had the following to say:
For the last four months they've been saying 'Mike Lindell's broke, Mike's out of money, MyPillow's going under' all these things. It's just disgusting what they've done. I've been very transparent about when I ran out of money.
Source: Original
But he made $100 million before his several controversies. Below are some of the different ventures that boosted Mypillow CEO's net worth:
Entrepreneurship
Before founding MyPillow, Mike Lindell tried his hand at various small businesses in Carver County, Minnesota, in the 1980s. These businesses include lunch wagons, bars, and a carpet cleaning service. His big break came in 2004 with the invention of the My Pillow, a unique shredded foam pillow.
Founding MyPillow
After years of selling the product at local events, Lindell established My Pillow, Inc. in 2009 in Chaska, Minnesota. He later launched a successful infomercial campaign for his product in 2011.
The company's rapid growth led to significant revenue and employment opportunities, from 50 people to over 1,500 in 2017. In 2020, he made his son Darren the company's CEO.
How much does MyPillow make a year?
As per CNBC, MyPillow's annual revenue peaked at nearly $300 million, with 30 million pillows sold. At its height, the company grossed $110 million annually, with individual pillows priced between $79.98 and $89.98.
How much is MyPillow company worth?
It is not sure, but MyPillow's worth is reportedly $390 million now, with Mike Lindell's share valued at $35 million (8% equity). Before his controversial political endeavours, My Pillow company's value was estimated at $500 million in 2017.
Frank Company
In April 2021, Mike unveiled Frank, a four-year-in-development social media platform that includes FrankSocial, formerly Vocl, and FrankSpeech, a video-streaming platform.
Source: Getty Images
Both brands struggled with technical issues and had only 308 followers on Franksocial as of April 2022. Despite Lindell's significant monthly investment of over $1 million in these brands, they yielded little revenue.
Aside from this, he published a book in 2019 titled What Are the Odds? From Crack Addict to CEO. His sales from the book are unspecified.
Politics
Mike Lindell is a politician and a prominent supporter of Donald Trump, whom he first met in 2016. He later met with Trump in 2019 to discuss opioid addiction and attended the signing of the SUPPORT for Patients and Communities Act. During the pandemic, he converted My Pillow to produce face masks for the Trump government.
He also promoted a controversial COVID-19 treatment known as oleandrin, a toxic plant extract. After Trump and Joe Biden's 2020 election, Mike sponsored a bus tour to challenge the results and spoke at several stops.
Lindell attended the January 6th rally but denied involvement in the Capitol attack, instead spreading conspiracy theories about Antifa and election rigging. Edition CNN states these claims led to a $1.3 billion lawsuit, his Twitter ban, and a recount Lindell requested in Idaho that found no evidence of hacking or fraud.
In November 2022, Lindell ran for Chair of the Republican National Committee but lost in January 2023 after only four votes were awarded.
Assets
MyPillow CEO's net worth was also impacted by his real estate dealings. In 2016, he bought a luxurious 5,400-square-foot mansion in Chaska, Minnesota, for $745,000. He listed it for $1.1 million in 2022 but eventually sold it for $945,000.
Also, Lindell frequently shares photos and videos of himself on private jets on social media. While he sold a 1993 Dassault-Breguet Falcon 50 jet in 2021 for $2.5 million, he suggested in a 2023 interview that he still owns a private jet. Mike Lindell's private jet typically costs between $1.5 and $3.5 million.
Source: Getty Images
Why did MyPillow go out of business?
MyPillow went out of business, and Mike Lindell's net worth dropped due to financial and legal challenges. In 2021, Lindell claimed to have spent $25-50 million trying to prove 2020 election fraud, which led to retailers like Walmart, Kohl's, and Bed Bath & Beyond dropping his products.
This resulted in a significant revenue loss, with MyPillow's sales dropping by over $100 million in 2023.
FAQs
Since Mike shot into the limelight, his life has been under scrutiny. Here are some questions asked and the best answers:
- What is Mike Lindell's highest net worth? Lindell's net worth from 2009 to 2017 was estimated to be between $200 and $300 million.
- What is the net worth of Mike Lindell? He reportedly has zero net worth ($0), though other sources state he still has an estimated net worth of $50 million.
- What is the advertising budget for MyPillow? Mike reportedly spent nearly $100 million advertising in digital space and on national TV.
Despite making headlines for business failure, his success story from a person with cocaine addiction to a multi-millionaire inspires many. Mike Lindell's net worth can rise again if all issues are resolved.
READ ALSO: Chrishell Stause's net worth: How rich is the Selling Sunset star?
As published on Briefly, Chrishell Stause garnered instant fame when she appeared on the hit Netflix series Selling Sunset.
And beyond that, her journey from acting to the real estate world testifies to her versatility and business acumen. Though her childhood was inundated with homelessness and poverty, she has attained financial freedom.
Source: Briefly News
