Mike Lindell’s Net Worth: Breaking Down His Sources of Income and Investments!

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mike lindell net worth

Michael James Lindell is an American businessman, political campaigner, and conspiracy theorist who is also known as the “My Pillow Guy.” He started and runs My Pillow, Inc., a company that makes pillows, blankets, and slippers.

Lindell is one of the most well-known people who supports and advises former U.S. President Donald Trump. After Trump lost the 2020 U.S. presidential election, Lindell played a big part in helping and funding Trump’s attempts to change the election results.

He spread untrue conspiracy theories about widespread fraud in that election, which were used to support Trump’s efforts. He has also been a strong supporter of the toxic plant product oleandrin as a cure for COVID-19 in the form of alternative medicine.

Early Life

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On June 28, 1961, Michael James Lindell was born in Minnesota. Lindell grew up in the state of Minnesota. As a child, he battled an addiction to gambling. After high school, he went to the University of Minnesota.

Lindell stopped going to school a few months after he started. When he was an adult, he was hooked on cocaine and used it often. In the 1990s, when he turned to crack, his drug use got worse.

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What is Mike Lindell’s Net Worth?

Mike Lindell’s Net Worth is $174 Million US Dollars. MyPillow makes over $30 million in revenues each year.

Net Worth $174 Million
Taxes Paid $7 Million
Annual Income
$32 Million
Yachts Owned
5
Cars Owned
19
Mansions and Villas
14
Weight
200 lbs (91 Kg)

Mike Lindell’s Assets & Investments

Mike Lindell has 13 houses, 9 cars, and 4 luxury yachts that he owns. Mike Lindell’s list of assets also includes over $50 million in cash reserves. Mike Lindell also owns 15 stocks that are worth $25 million and make up his business portfolio. Here are some of the stocks that Kendall Jenner owns.

  • Walmart
  • Wells Fargo
  • Apple
  • ExxonMobil
  • Tesla
  • Starbucks

Mike Lindell’s Car Collection

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Mike Lindell spends a big chunk of his money on buying expensive cars. Mike Lindell just got a Bentley Flying Spur for $760,000 USD and brought it home. Here is a list of some other cars that Mike Lindell owns.

  • Lincoln Navigator
  • Range Rover Velar
  • Lexus ES
  • Mercedes-Benz C-Class
  • BMW X8
  • Audi A6
  • Ferrari Portofino

Mike Lindell House

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Mike Lindell is a huge fan of Napoleon Bonaparte, and he shows this by buying a number of expensive homes. Mike Lindell lives in Minnesota in a house with 21,000 square feet of space. Mike Lindell paid $40 million USD for this house, which is now worth more than $58 million.

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Career

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Lindell came up with the idea for My Pillow in 2004, and he grew the business into a big manufacturer. In the end, the Better Business Bureau took My Pillow’s registration away.

Lindell began giving money to groups like the Salvation Army, Union Gospel, and others. Since he grew up as a drug user, he thought it would be a good idea to start his own non-profit group for people who used to be addicts.

Because of this, he set up the Lindell Foundation. In 2019, he started the Lindell Recovery Network, which helps people who have been addicted to drugs meet with each other.

As of this year, most big stores no longer sell My Pillow goods. Lindell thought that was because of what he said would happen in the 2020 US presidential race. Lindell made his son CEO of the company in 2020.

In March of this year, the news said that Lindell was going to start a social media platform that looked like a cross between YouTube and Twitter. The name of it is “Vocl.”

Because of a disagreement with a company that had set up a website called Vocal, Lindell later changed the name to Frank. The whole process of making Frank took him four years.

My Pillow

Mike started a few small companies in Minnesota in the 1980s, including bars, restaurants, and a carpet cleaning service. In 2004, he made the My Pillow pillow, which he sold at trade shows, mall booths, and state fairs over the next few years.

He started My Pillow, Inc. in 2009, and after its first commercial in 2011, the business took off. It cost $500,000 to make the 30-minute show, and it was shown an average of 200 times a day.

Lindell said this about the program: “It became the most popular infomercial in the world. We went from having 5 workers to having 500 in 40 days.”

At its height, the company reportedly made $280 million per year in sales. As of this writing, the company has hired more than 1,600 people and sold more than 50 million pillows.

Because of customer complaints, the Better Business Bureau took My Pillow, Inc.’s accreditation away in 2017 and gave it an F grade.

In 2020, Mike made his son Darren the CEO of the business. By 2021, many stores no longer sold My Pillow products. Lindell thinks that retailers stopped selling his products because of his claims of voter fraud in the 2020 election.

However, a Bed Bath & Beyond spokesperson said that My Pillow was just one of many “underperforming items and brands” that the store chose to stop selling.

Mike said in March 2021 that he was going to start a social media site called Vocl that would be a mix of Twitter and YouTube.

He later changed the name to Frank because he had a disagreement with a company that had set up a website called Vocal. Lindell worked on Frank for four years, and when it came out in April 2021, there were many technical problems.

Lost Revenue and Lost Fortune

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Mike Lindell said in an interview in December 2021 that between November 2020 and December 2021, he spent $25 million to $50 million of his own money trying to show that Donald Trump’s election was stolen.

In the short run, many stores took Mike’s pillows off the shelves after he went on a public rant about the election.

Because of this change, MyPillow’s sales dropped by a lot. In January 2023, Mike said that because of these moves, My Pillow lost more than $100 million a year in sales.

In January 2022, the Minnesota Bank & Trust, one of Lindell’s personal banks, was said to have called him a “reputational risk.” After a month, the bank no longer did business with him.

In June 2022, Walmart, the biggest shop that sold My Pillow products, took them all off the shelves. Mike said in March of 2023 that he had to borrow $10 million in 2022 to keep My Pillow going.

He also said that he had sold assets and borrowed money for himself in order to “stay liquid.” From his own mouth: “In October, I sold a building I owned in Savage, MN. I also needed to borrow $2 million. I’ve used all of it to fight for this country.”