Mike Lindell is an American entrepreneur, business executive, and author who has a net worth of $0. At his financial peak, Mike Lindell’s net worth easily topped $100 million, and may have been as high as $200-300 million. Prior to his election controversies, Mike’s company My Pillow grossed $110 million per year. Mike has claimed that in 2023 his company is on pace to gross just $5 million, a 95% drop. Much of that drop occurred after his products were dropped from stores like Walmart and Bed Bath & Beyond. Further adding to his problems, Mike’s legal expenses and the costs of attempting to prove the 2020 election was rigged have apparently wiped away the vast majority of Mike’s former fortune. In various interviews in 2022 and 2023, Mike claimed to have spent $25 – $50 million of his personal money trying to prove the 2020 election was stolen from Donald Trump. He also claimed to be spending $1 million per month at one point trying to launch and maintain his social media app Frank Social. In October 2023, Mike’s attorneys in a defamation case filed a claim that he owes millions in unpaid legal fees and therefore they requested to drop him as a client. In response Mike claimed to be “out of money” and that he had “lost everything. Every dime. All of it is gone.“
Mike was at one time an example of a very inspirational story of recovery and American entrepreneurship. A college dropout, Mike launched My Pillow in 2005. In 2008 he was so badly addicted to crack cocaine that he once stayed awake for 19 days straight, by his own account. He had one final party on January 16, 2009 and then quit everything – booze, cocaine, and crack.
Between 2009 and 2016, My Pillow and Mike were incredible stories of recovery and success. His commercials were ubiquitous on television, especially on Fox News. At his peak, circa 2016-2017, Mike Lindell’s net worth was $200 – $300 million. Before Mike became an entrenched conspiracy theorist and subject to a $1.3 billion defamation charge, his company generated well over $100 million per year in gross revenue. The products were best-sellers at stores such as Walmart, Bed Bath & Beyond, Kohls, HEB Stores, Wayfair and the Canadian Shopping Channel. Based on similar comparable company valuations, My Pillow was worth around $500 million in 2017.
