Mike Lindell Net Worth: Up To $300 Million? [2023 Update]

Mike Lindell is an ’American businessman and activist who is synonymous with the MyPillow brand. Although he has other ventures, the pillow business is by far the biggest contributor to the Mike Lindell net worth.

Besides selling pillows, the 61-year-old tycoon is also known for being a staunch Donald Trump supporter. He has also come to be associated with conspiracy theories.

Mike has been politically active since 2016 and even held summit as well as spoke at the Conservative Political Action Conference.

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Mike Lindell Net Worth 2023

Table of Contents

Who is Mike Lindell?

Michael James Lindell, or the “My Pillow Guy” is a businessman best known as the founder of My Pillow. He is also known for supporting Trump’s presidency and directing and starring in the documentary, Absolute Proof, in which he tried to prove that Trump had won the 2020 election. The video was taken down from YouTube and Vimeo a few hours after it was streamed on the One America News Network.

He is also known as a key supporter of former President Donald Trump. He began supporting the 45th president of the US in 2016 after meeting him at his office. After Trump was defeated in the 2020 election, he spread what was widely regarded as conspiracy theories about widespread electoral fraud. He has also been promoting an alternative medicine for the COVID-19 virus.

He is also a published author having published What Are the Odds? From Crack Addict to CEO in 2019.

Early Life

Michael James Lindell was born in 1961, in Minnesota. Lindell grew up in Minnesota where he struggled with a gambling addiction. After high school, he went to the University of Minnesota but dropped out a few months after joining.

Personal Life

Mike Lindell married his first wife Karen Dickey on May 9, 1987, and they had four children, Heather, Darren, Lizzy, and Charlie. They divorced after two decades of marriage. Mike married Dallas Yocum in 2013. They separated and Lindell filed for divorce the following month after Yocum left him.

Some sources report that Mike Lindell lives in a 21,000 square-foot luxury mansion in Minnesota, but this is unconfirmed.

Drug Problems

As a young adult, Lindell was addicted to cocaine and was a frequent abuser. When the addiction became more serious, he switched to crack in the 1990s. He also struggled with alcohol abuse.

Mike Lindell’s drug abuse and gambling debts cost him his first marriage (Mike Lindell’s wife left him after two decades). There was also the foreclosure of his home. Mike’s drug addiction was so severe that his dealers held an intervention. He had been awake for 19 days straight so they refused to sell him more drugs. In fact, one of them tried babysitting him until he fell asleep. Mike cleaned up his act and got sober in 2009.

Mike Lindell’s Net Worth

Mike Lindell’s net worth is estimated to be at about $50 Million. He derives most of that from MyPillow, a pillow-manufacturing company that he founded in 2004. He is the latest businessperson we are looking into after we did reviews of Mary Barra, Bernard Arnault, and Tom Bilyeu.

In the early phases of his career before launching My Pillow, he launched several small businesses, including bars and restaurants.

Mike Lindell Career

My Pillow

Although he was struggling with a drug problem that had taken away his house & marriage, Lindell invented MyPillow pillow in 2004. He built the brand My Pillow around it and he oversaw the business grow into a major manufacturing company.

The key to the success of the company was holding the patent for the pillow’s open-cell, polyfoam design. It became instrumental for Mike Lindell to grow his net worth. Although he started the company with a mere five employees, he grew that number to 1,500 people.

MyCoffee

Mike recently started a new business called MyCoffee. He released a promotional video at the time where he claimed, “I get products all the time from entrepreneurs. When I tried MyCoffee for the first time, I was blown away.”

He says that it is “the best coffee” he has ever had in his entire life.

Mike revealed that the coffee beans for his brand are grown in Honduras, Central America, as the country’s volcanic soil and climate aid the growth of the best beans.

Mike’s MyCoffee can be bought on the website, mystore.com. On the website, the coffee is said to be certified organic and low in acidity. There are a number of roast options available, including decaf, light, medium and dark roast.

Mike Lindell’s Politics

Mike Lindell started supporting Donald Trump’s presidential bid in 2016 when he was still only a presidential candidate. He’s been supporting him since then and in a show of solidarity Trump reportedly slept on a MyPillow while at the White House.

Other than being “the MyPillow guy” Mike Lindell’s politics have become an integral part of his public persona. It has gotten to the point where it now affects his business and his net worth.

Mike Lindell’s Political Rallies

Mike Lindell hosted the Missouri summit where he is said to have perpetuated various conspiracy theories about the 2020 election.

The MyPillow CEO called the summit “the most important event in our lifetimes,” and he had it live-streamed on his website.

Among the speakers at the event were Dr Douglas Frank and Jenna Ellis. Dr. Douglas Frank is an Ohio math teacher who became infamous for making controversial claims about the 2020 election. Jenna, on the other hand, is Trump’s former campaign attorney.

Mike told the crowd that they should always vote in person. He said, “tell everybody you know, you have to vote in person. In person,”

Mike Lindell’s Controversy

Mike Lindell’s passionate support of Donald Trump has proven to be a blessing and a curse for MyPillow. Since Trump’s electoral defeat in 2020, things haven’t been all rosy for Mike Lindell.

Lindell has been making repeated claims that the presidential election was stolen from Trump. This led to a series of MyPillow boycotts, along with a Twitter ban. He even faces a defamation lawsuit.

Defamation Lawsuit by Dominion

The defamation lawsuit was brought forth by Dominion Voting Systems. Mike Lindell’s accused the company of “stealing millions of votes” and rigging the 2020 presidential election. In response to these claims, the company filed a $1.3 billion lawsuit citing Lindell’s election fraud allegations were a marketing ploy to sell more pillows.

$1.3 billion is certainly a large amount of money and could be large enough to bankrupt Mike Lindell & MyPillow. According to some websites looking into Mike Lindell, his net worth is between $300 million and $310 million. That’s still less than $1.3 billion.

Mike Lindell hasn’t been letting this get to him and has, in fact, only ramped up his rhetoric. He believes that he’ll win the lawsuit and that when it goes to the Supreme Court, he will win in a 9-0 majority.

The Better Business Bureau Downgrading MyPillow’s Rating

In 2017, the Better Business Bureau revoked MyPillow’s accreditation, downgrading its rating to an F. The explanation for this was that the company had a shady “Buy One, Get One” offer that had become a permanent feature. They argued that this wasn’t an offer, but rather the normal price of the products.

Major retailers stopped selling My Pillow products and Lindell thought that they did that because of his claims relating to the 2020 United States presidential election results. Lindell decided to step down as CEO and appoint his son to the position.

During the pandemic, Mike Lindell also became infamous for promoting the plant extract oleandrin as a cure for COVID-19. He pushed it hard although there wasn’t scientific evidence that oleandrin was a safe or effective treatment against the virus. He may have been doing that because he sits on the board of Phoenix Biotechnology, a company that makes oleandrin.

Lost Revenue

Although these developments haven’t stopped him from supporting Trump and claiming the election was stolen, the bad publicity has certainly cost his business. The boycotts, the Twitter ban. and other consequences of his actions have affected the MyPillow bottom line.

He said in an interview, “I lost 20 retailers, and it’s cost me $65 million this year that I won’t get back, OK? There’s your story. Print it right. Don’t try and twist it,”

Therefore, even if he wins the case, Mike Lindell has been financially hurt by all this, and his net worth has taken a beating.

Mike Lindell’s Non-Profit Organizations

Mike Lindell is quite generous as he has been making donations to the Salvation Army, Union Gospel, and other organizations.

Since he grew up as an addict, it doesn’t come as a surprise that he decided to create his own non-profit organizations for former addicts. A good example is the Lindell Foundation.

In addition to that, in 2019, he launched the Lindell Recovery Network to connect addicts that have had drug addictions.

Launching a New Social Media Platform

A little while ago, reports emerged that Lindell was launching a social media platform. He said that it would be a platform that looked like a blend of Youtube and Twitter called “Vocl.”

However, Lindell was forced to change the name to “Frank,” because of a dispute with a company that had established a website called Vocal. It had taken him a few years years to develop Frank.

Closing Remarks on Mike Lindell

Mike Lindell became well known when he did an informercial to promote My Pillow. That certainly grew his company and he employed many people. The other thing that made him infamous was being a supporter of Donald Trump. He was even involved in Trump’s attempts to overturn the presidential elections.

Lindell provides financial support to Trump and has been known to spread conspiracy theories that aren’t always backed by evidence. On the brighter side, Lindell founded the non-profit organization Lindell Foundation, to help drug addicts get treatment. Having suffered a life of addiction, he resonates with people who struggle like he did and he has been doing all he can to help.

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David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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