How is The Net Worth of Mike Lindell a Whopping $175m?

What is Mike Lindell’s net worth?

Net Worth$174 million
Source of WealthMy Pillow Inc.
Date of BirthJune 28, 1961
Height5 ft 10 in (1.78 m)
Place of BirthMankato, Minnesota
Star SignCancer
Marital StatusKaren Dickey (divorced) 

The Usual Intro

Born in Minnesota in 1961, Mike Lindell is an American businessman most known for his pillow company and his nickname, “My Pillow Guy.” In interviews, Lindell has shared stories of his past problems with drug addiction and his subsequent rise to CEO of his own multimillion-dollar company. His net worth is reportedly $174 million. 

In recent years, he’s become more famous for supporting former President Donald Trump than his pillows. He endorsed Trump’s attempts to overturn the 2020 election results and has frequently shared his opinions on various conspiracy theories regarding the COVID-19 pandemic and the 2020 presidential election.

Before the Spotlight

Mike Lindell was born in 1961 in Mankato, Minnesota, and lived in the towns of Chaska and Carver during his childhood. He developed an addiction to gambling in his teen years. After graduating high school, he attended the University of Minnesota for a few months but dropped out. 

When he reached his 20s, Lindell became a cocaine user and developed a full-blown addiction in the 1990s when he switched to crack cocaine. During his time spent addicted to cocaine, he also racked up gambling debts, which led to the foreclosure of his home and his wife filing for divorce. An interview in 2009 indicated that Lindell believed the power of prayer later cured him of his addictions.

The Journey to Success

Mike Lindell spent the 1980s and 1990s launching several businesses, but none of them took off. Some of his enterprises included lunch wagons and carpet cleaning, and he also tried his hand at running bars and restaurants. In 2004, he invented his famous pillow and started a business called My Pillow. The company grew rapidly, and one of his selling points was that his pillows were manufactured in the United States.

Eventually, Lindell ran afoul of the business community, and the Better Business Bureau (BBB) revoked its accreditation of his company based on several complaints from consumers. In the late 2010s, Lindell became heavily invested in Donald Trump’s presidential campaigns, and he was an ardent supporter of Trump and the conspiracy theories surrounding the former president. 

He gave up his position as CEO of his company in 2020 because he wanted to pursue political ambitions. He gave the leadership of the company to his son, Darren. Since the 2020 election and Lindell’s insistence on perpetuating conspiracy theories related to it, several major retailers have dropped his products from their shelves.

In interviews, Lindell has stated that he believes the removal of his pillows from store shelves stemmed from his support of Donald Trump. Companies like Bed Bath & Beyond and Kohl’s have denied those accusations, blaming a lack of demand on the decision to stop selling My Pillow products. Lindell’s most recent project includes the development of a social media network called FrankSocial.

The Best Moments

  • Grew up in Minnesota and had some difficulties in early life with addictions.
  • Attended college briefly before dropping out to pursue various business ventures.
  • Had a gambling addiction and cocaine addiction in the 90s that ruined his marriage.
  • Developed a pillow and the My Pillow company in 2004 and experienced immense success.
  • Built a fortune with his pillow company and created the Lindell Foundation to help former addicts.
  • Became an advocate for conspiracy theories and unproven Covid-19 cures in the early 2020s.

The Private Side

Mike Lindell married twice, but both marriages ended in divorce. His first marriage ended after 20 years and his second marriage lasted just a few months. He has four children from his first marriage.

Their children are named Heather, Darren, Lizzy, and Charlie. Lindell considers himself an evangelical Christian and holds an honorary Doctorate from the religious institution Liberty University.

Mike Lindell’s Related YouTube Video

MyPillow CEO Thinks His Moment Of Vindication Has Finally Arrived

The Social World

Here are some statistics on Mike Lindell’s social media accounts:

Lessons for Entrepreneurs

  • He trusts in God over everything else. He routinely speaks about his dedication to his faith and says his success is due to prayer and the consistency of his faith.
  • He is an ardent proponent of capitalism. He believes that all successes in the United States stem from the country’s system of capitalism.
  • He maintains a firm belief in himself. He says he stands firm in what he believes in and never wavers from his belief in himself and his ideals.

The Unusual Stuff

  • Mike went from a gambling addiction and using cocaine to the CEO of a multimillion-dollar company in the span of just 20 years.
  • Mike spends almost $1.5 million a week on advertising and has sold more than 18 million pillows during his company’s operations.
  • Lindell offered $5 million to anyone who could disprove his theory that China stole the 2020 election and that Donald Trump was the real winner.
  • Mike developed his idea for a pillow because he had a terrible time getting to sleep and suffered from a sore arm and stiff neck as a youth.

Answering Frequent Questions

What does Mike Lindell pay his factory employees?

Reports suggest factory workers receive a salary of approximately $33,800 annually and that many My Pillow employees receive benefits.

How much does Mike Lindell make?

Lindell’s salary varies each year, but his business ventures earn him more than $30 million a year.

Is Mike Lindell married?

Mike Lindell was married twice, but both of his marriages ended in divorce. He was last married and divorced in 2013.

The Closing Remarks

Mike Lindell is a controversial American businessman with many wild ideas regarding politics and the United States. However, he built his own company from the ground up after beating two addictions.

He manufactures his products in the United States and employs more than a thousand people at his factory and business. Unfortunately, his pursuit of crazy conspiracy theories may prove quite detrimental to his business. He may see his $174 million fortune disappear as more and more companies decide to stop carrying his famous pillows.

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Asad Elahi

Asad Elahi is a personal finance expert and author with over 5 years of experience in the industry. He has written extensively on topics such as saving, investing, and building wealth, focusing on helping individuals achieve financial independence. His work has been featured in major publications such as Forbes and The Wall Street Journal, and he is a regular contributor to financial websites and blogs.