Chief Executive Officer of My Pillow, Mike Lindell has a net worth of $40 Million US Dollars. Lindell’s annual income is $7 million.
Mike Lindell is a prominent supporter of former U.S. President Donald Trump. Before launching My Pillow, Lindell was in the business of carpet cleaning and lawn mowing.
Just like what happened to Steve Bannon, Due to his association with Trump, Mike Lindell’s wealth has dropped by over 50% in the past few years.
Mike Lindell Net Worth 2024
Net Worth | $40 million |
Annual Income | $7.3 Million |
Alimony | $610K per year |
Real Estate Assets | $24 Million |
Inheritance | $10,000 |
How did Mike Lindell lose his money?
Once Mike Lindell began supporting Donald Trump, My Pillow experienced a surge in sales, especially from staunch Trump loyalists.
However, after he voiced contentious opinions regarding the 2020 Presidential Election results, major retailers, including Bed Bath & Beyond, decided to discontinue stocking My Pillow.
At his financial peak, Mike Lindell boasted a net worth of $70 million. But post-2020, this figure has been on a decline. It’s however not as bad as money Alex Jones lost.
A potential pathway for Lindell to regain his financial momentum might be a Trump resurgence to the presidency. Even someone like Kellyanne Conway is counting on that outcome.
Lawsuits and Settlements
Another factor contributing to Mike Lindell’s decreasing net worth is the multitude of legal settlements and notices he has received.
His comments about the 2020 Election resulted in court-ordered payments exceeding $20 million to various entities and individuals.
Lindell tried to get out of the settlement tangle by taking the help of Clarence Thomas, but it was in no vain. Infact Lindell was a big contributor for Thomas, sponsoring many trips of his.
Many past supporters of Lindell such as Candace Owens and Ben Shapiro have distanced themselves from him.
Fruitless Gifts & Other Losses
Mike Lindell has seen significant financial setbacks due to losses in poker and gambling, having reportedly spent around $3 million on poker over the last two years alone.
Furthermore, he has spent a considerable amount trying to foster relationships through lavish gifts.
How much is the My Pillow company worth?
As of today, My Pillow’s net worth is $390 Million. Mike Lindell owns 8% equity in My Pillow, which means the value of his share is $35 Million.
If not for political controversies, My Pillow could have become a global giant. However, its net worth is decreasing each year due to boycotts from Democrats and Liberals.
FAQs
Yes. My Pillow generates $24 Million in sales revenues and $10 million in profits each year.
Mike Lindell’s My Pillow employs over 1600 people across the United States and China.
Mike Lindell, the CEO of MyPillow, was married to his ex-wife, Karen Dickey.
Yes, Mike Lindell has a daughter. Her name is Heather Lueth.