Chief Executive Officer of My Pillow, Mike Lindell has a net worth of $40 Million USD. As of 2024, Lindell’s annual income is estimated to be $7 million. Due to various lawsuits, His wealth has dropped by over 50% in the past few years.
Lindell is a prominent supporter of former U.S. President Donald Trump. Before launching My Pillow, he was in the business of carpet cleaning and lawn mowing.
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 supporters. 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, Lindell boasted a net worth of $70 million. But post-2020, this figure has been on a decline. A potential pathway for Lindell to regain his financial momentum might be a Trump resurgence to the presidency.
Lawsuits and Settlements
Another factor contributing to 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 Clearance 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 Jeanine Pirro 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. 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 valuation is decreasing each year due to boycotts from Democrats and Liberals.
Wealth Graph
| Net Worth in 2024 | $40 Million |
| Net Worth in 1990 | $2 Million |
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.