Mike Lindell Net Worth (April 2024)

Mike Lindell is the founder and CEO of MyPillow and one of the most influential figures in the pillow manufacturing industry. He made a name for himself in the business world with his company famous for comfortable and supportive pillows. 

Lindell is renowned not only for his contributions to the business world but also for his impressive net worth of $40 million. In the article below, we’ll delve into Lindell’s net worth, exploring factors contributing to his wealth, like his investments and philanthropic endeavours. 

Who is Mike Lindell?

Michael James Lindell, professionally known as Mike Lindell, is an American businessman, political activist and conspiracy theorist. 

He is known as the My Pillow guy because he is the founder and CEO of MyPillow, which specializes in manufacturing pillows and other bedding products. 

Beyond his company, Lindell is also known as one of the biggest supporters and advisors to former President Donald Trump. When Trump lost the 2020 US Presidential election, Lindell significantly supported and financed Trump’s attempts to overturn the election result. 

He spread conspiracy theories about electoral fraud that led to Trump losing the elections. 

How Much is Mike Lindell’s Net Worth?

According to the information available on the internet, the founder and CEO of MyPIllow has a whopping net worth of $40 million. He is making around $7 million annually. In the past few years, his net worth has dropped by 50% due to his association with Donald Trump. 

However, once, when Lindell was giving opinions regarding the 2020 US Presidential elections, his company experienced a surge in sales. He has a net worth between $200-$300 million at his financial peak. 

Other factors that contributed to his decreasing net worth are a multitude of legal settlements and gambling losses. Since Lindell commented about the 2020 election results, his court-ordered payments exceeded $20 million to various entities and individuals. 

He also lost a significant amount due to losses in poker. As per reports, he reportedly spent around $3 million on poker over the last two years. 

MyPillow’s Net Worth

Currently, Lindell’s pillow manufacturing company has a net worth of $390 million. He owns 8% equity in his company, which is valued at around $35 million. If Lindell hadn’t gotten involved in any political event, his company would have become a global giant. 

Its net worth is also experiencing a significant loss day by day, just like Lindell’s wealth. 

Lindell’s Net Worth Trend From 2019 to 2024

Career

Early Businesses

Before founding MyPillow, Lindell operated numerous small businesses, including carpet cleaning, lunch wagons and a few bars and restaurants in Carver County, Minnesota. 

MyPillow

In 2004, Lindell came up with the idea of a pillow filled with pieces of shredded foam that interlock. Then, he decided to turn the idea into business and started a manufacturing company, MyPillow. 

The company gained immense popularity for its comfortable and supporting pillows. They expanded their product line to sheets, mattress toppers and many more. 

Everything was going well, but unfortunately, in 2021, some major retailers stopped carrying MyPillow products after his claims related to the 2020 Presidential elections. 

In July 2023, the company decided to sublease some of its manufacturing space and auction off equipment after more retailers, such as Walmart and Slumberland Furniture, stopped selling MyPillow products. 

As a result, it massively impacted the company’s worth in the industry. 

Other Ventures

Beyond MyPillow, Lindell is operating two video streaming websites under the Frank band. The sites are described as a cross between YouTube and Twitter. 

Frank primarily focuses on offering embedded video streams, including Absolute Interference and a two-hour video promoting conspiracy theories about the 2020 Presidential elections. 

Lindell’s Investments

Mike Lindell’s investment portfolio includes some real estate holdings and luxury vehicles. Unfortunately, we can’t provide you with any further information regarding his investments. 

Mike Lindell’s Philanthropic Side

Beyond his business and political involvement, Lindell is also involved in various philanthropic events. He owns a non-profit organization, Lindell Foundation, that assists cancer victims and drug addicts in getting treatment. 

He also launched a recovery network, which connects addicts with other fellow addicts and the recovery process. Lindell also made donations to the Union Gospel Mission and Salvation Army. 

Frequently Asked Questions

1. What is Mike Lindell’s Net Worth?

As per reports, Linder has an estimated net worth of $40 million. 

2. How Much is Mike Lindell Making Annually?

Lindell is earning around $7 million annually. 

3. Who is the Founder of MyPillow?

Currently, Mike Lindell is the CEO and founder of this pillow-manufacturing company. 

4. Is MyPillow Profitable?

Yes, the company is profitable, making around $10 million in profit each year. 

5. How Much Does MyPillow Make a Year?

Despite facing numerous challenges, the company is consistently earning $24 million in sales revenues. 

6. How Old is Mike Lindell?

Born on 28 June 1961, Lindell is 62 years old.

7. What is Mike Lindell’s Height?

As per reports, Lindell is 5 Feet 8 inches tall.

8. Who is Mike Lindell’s Wife?

Lindell was married to an entrepreneur and philanthropist, Dallas Yocum. Unfortunately, they got separated for unknown reasons.

Wrapping Up

Mike Lindell’s net worth of $40 million serves as clear evidence of his entrepreneurial success with MyPillow, strategic investments and dedication to philanthropy. He faced various challenges, such as legal settlements and gambling losses that massively impacted his net worth.

The future may hold new challenges and opportunities that could further shape his professional life and financial standings.