Mike Lindell Net Worth 2022: What Is The “My Pillow” Company Worth?
Mike Lindell Net Worth: American business leader, author, and entrepreneur named Mike Lindell. The fact that Lindell founded My Pillow and came up with its concept makes him most famous. He is also renowned for vocally backing Donald Trump.
By providing Trump money and promoting conspiracies, he has assisted Trump in his attempt to influence the outcome of the 2020 presidential election. In 2012, Mike founded the nonprofit Lindell Foundation to support drug addicts in finding treatment.
To “assist struggling addicts to find hope, rehabilitation, and the love of Jesus,” he founded the Lindell Recovery Network in 2019. He attempted to demonstrate that Trump won the 2020 presidential election by directing “From Crack Addict to CEO” in 2019 and “Absolute Proof,” which he produced, required, and performed in 2021.
According to fact-checkers, the documentary offers “debunked, unsupported claims.” It was removed from YouTube and Vimeo a short while after being live-streamed on the One America News Network website.
Mike Lindell Early Life
Mike Lindell was born in Mankato, Minnesota, on June 28, 1961. Michael James Lindell is his full name. He began gambling as a teenager and was raised in the Minnesotan communities of Carver and Chaska.
After graduating high school, Mike enrolled at the University of Minnesota but soon left. When Lindell was in his 20s, he first used cocaine. He started using crack in the 1990s. His first wife left him due to his drug addiction and gambling debts, and the bank foreclosed on his home.
Mike’s crack dealers intervened in 2008 due to his severe drug abuse. According to Lindell, they were the three most prominent dealers in the city. They said that I hadn’t slept for 19 days. They wouldn’t work with me once more. One of them tried to keep me up till I fell asleep. Mike claimed in 2009 that prayer had aided his recovery.
Mike Lindell Personal Life
Lizzy, Heather, Darren, and Charlie are the couple’s four children. Mike and Karen Dickey were married on May 9, 1987. Following a 20-year marriage, Lindell and Dickey divorced, and on June 8, 2013, Mike married Dallas Yocum.
After Yocum broke up with him, Lindell filed for divorce the following month. The “Daily Mail” reported in early 2021 that Mike started dating the actress Jane Krakowski for nine months in late 2019. Krakowski’s representative refuted the claim, saying, “Mr. Lindell and Jane have never met.
She is not and has never been involved in romantic or other types of relationship with him.” Additionally, Lindell disputed it and sued the publication. In a March 2021 interview with “The Domenick Nati Show,” Mike claimed that he has been residing in unknown places out of fear for his safety.
He declared, “If someone is looking for me, they should know that I haven’t been back to Minnesota in two months. I’m unable to return there.” Check out our popular articles on James Earl Jones and Sarah Jessica Parker’s respective net worths.
Mike Lindell Career
In Minnesota, Mike opened several small enterprises in the 1980s, including bars, restaurants, and a carpet cleaning company. He created the My Pillow pillow in 2004 and marketed it for several years at trade events, mall kiosks, and state fairs.
He founded My Pillow, Inc. in 2009, and the business took off in 2011 after airing its first infomercial. The $500,000 30-minute program had a daily average of 200 airings, costing $500,000. According to Lindell, the infomercial “Quickly rose to the top of the global infomercial charts.
We increased from having five staff to 500 in 40 days.” As of this writing, the company has sold more than 50 million pillows, employed more than 1,600 people, and produced a whopping $280 million in revenue annually at its peak.
Due to client complaints, the Better Business Bureau removed My Pillow, Inc.’s accreditation in 2017 and reduced its grade to an F. In 2020, Mike named his son Darren the company’s CEO, and by 2021, many merchants had stopped carrying My Pillow merchandise.
While a Bed Bath & Beyond spokeswoman claimed that My Pillow was one of several “underperforming items and brands” the firm opted to drop, Lindell maintains that merchants stopped carrying his products due to his allegations of voter fraud in the 2020 election.
SCOTUS allows defamation lawsuit against MyPillow CEO, Mike Lindell, to proceed.
— Katie S. Phang (@KatiePhang) October 3, 2022
It was revealed in March 2021 that Mike would introduce Vocal, a social media site that would blend YouTube and Twitter. He eventually changed his name to Frank due to a disagreement with a business that created the Vocal website. Lindell developed Frank over four years, debuting in April 2021 despite having severe technological issues. My Pillow has an estimated $170 million in wealth.
Mike Lindell Political Activities
After speaking with the then-presidential candidate in August 2016, Lindell switched to supporting Trump. Mike remarked, “My meeting with Donald Trump felt like a divine appointment, and I determined I would go all in when I left that office.”
Lindell spoke at Trump rallies and the 2019 Conservative Political Action Conference. He attended the last presidential debate and Trump’s inauguration. He met with Trump in 2019 to discuss the problem of opioid addiction, and he was there when the president signed legislation addressing opioid use disorder called the SUPPORT for Patients and Communities Act.
At the request of the Trump administration, Mike temporarily switched the focus of the My Pillow factory from bedding products to face masks during the start of the COVID-19 outbreak. Lindell attended a COVID-19 press conference at the White House around that time, and he has later named the Minnesota campaign chair for Trump’s 2020 re-election campaign.
Mike has advocated oleandrin, a poisonous plant extract, as a COVID-19 treatment throughout the pandemic, and he serves on the board of Phoenix Biotechnology, a business that creates goods using oleandrin.
Lindell was involved in sponsoring a bus to embark on a two-week tour to contest the election results after Joe Biden upset Trump in the 2020 election, and he spoke at a few sites on tour. He also went to the protest that took place before the attack on the Capital on January 6, but he has claimed not to have been there during the uprising.
However, he circulated rumors that Antifa was responsible for the assault and that they were probably “dressed as Trump people.” Additionally, Mike has spread rumors that the makers of the Smartmatic and Dominion voting machines colluded with foreign governments to rig the election and steal it.
As a result, Dominion sued him for $1.3 billion. In January 2021, these fraudulent charges got Lindell permanently banned from Twitter. Mike held a three-day “Cyber Symposium” in August 2021 to provide “irrefutable evidence” of voter fraud, but he never did.
After Lindell claimed that more than 40 Idaho counties had been compromised, a recount of the votes cast in the 2020 election was launched in Bonner County, Idaho, in September 2021. After the recount revealed that there was no proof of hacking and that accuracy was within 0.1%, Idaho’s Chief Deputy Secretary of State, Chad Houck, declared that the state would charge Mike for the cost of the recount.
Mike Lindell’s Net Worth
Mike Lindell is an American businessman, novelist, and executive with a $50 million fortune. Lindell is so well-known because she founded and invented My Pillow. He is also famous for being a loud admirer of Donald Trump and has contributed financially and promoted conspiracies in favor of Trump’s efforts to rig the 2020 presidential election.
To assist drug users in finding treatment, Mike started the nonprofit Lindell Foundation in 2012. In 2019, he established the Lindell Recovery Network with the goal of “helping struggling addicts find hope, rehabilitation, and the love of Jesus.”
Mike wrote the book “How Do the Odds Look? He directed, produced, and appeared in the documentaries “From Crack Addict to CEO” in 2019 and “Absolute Proof” in 2021 “to demonstrate that Trump won the 2020 presidential election.
A few hours after it was live-streamed on the One America News Network website, the video was taken down from YouTube and Vimeo after fact-checkers slammed it for making “debunked, unsubstantial claims.”
Mike Lindell is a tremendous admirer of Napoleon Bonaparte, as seen by his acquisition of several pricey residences. Mike Lindell resides in a 21,000-square-foot house in Minnesota. This mansion, which Mike Lindell purchased for USD 40 million, is now worth more than $58 million.
Mike Lindell Cars Collection
Mike Lindell spends a significant portion of his income on pricey automobiles. For USD 760,000, Mike Lindell recently purchased a Bentley Flying Spur and brought it home. Mercedes-Benz C-Class, Range Rover Velar, BMW X8, Audi A6, Ferrari Portofino, Lexus ES, Lincoln Navigator.
Many retail outlets removed Mike’s pillows from their shelves due to his public rants regarding the election. MyPillow’s sales decreased by $80 million due to this decision.
Mike Lindell admitted to CNBC in December 2021 that he had spent $25 million of his own money between November 2020 and December 2021 attempting to show that Donald Trump had been the victim of election fraud.
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