Michael James Lindell was born in Mankato, Minnesota, on June 28, 1961. His early years were spent in Carver and Chaska, Minnesota, where he took up gambling while still a youngster. Mike enrolled at the University of Minnesota after graduating from high school, but he left a few months after.
Mike opened a few bars, a couple of restaurants, and a carpet cleaning company in Minnesota in the 1980s. In 2004, he made the My Pillow pillow, which he sold at trade shows, mall booths, and state fairs for the next few years. Through this company, Mike Lindell has earned a massive net worth. Over the course of its history, the company has sold over 50 million pillows and grown to employ over 1,600 people. At its peak, the company reportedly generated $280 million in annual revenue.
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How Much Is Mike Lindell Worth?
Mike Lindell is a multi-millionaire American businessman, CEO, and author with a net worth of $50 million, as estimated by Celebrity Net Worth. Lindell is best known as the man who conceptualized and developed the My Pillow.
He is also well-known for his outspoken advocacy of and participation in Trump’s efforts to alter the results of the 2020 presidential election through the use of financial backing and the dissemination of conspiracy theories. The Lindell Recovery Network was established in 2019 to “help struggling addicts find hope, restoration, and the love of Jesus,” building on Mike’s previous work with the Lindell Foundation, a nonprofit he established in 2012.
Mike wrote a book titled “What Are the Odds? In 2019, he starred in the film “From Crack Addict to CEO,” and in 2021, he directed, produced, and starred in “Absolute Proof,” which aimed to demonstrate that Trump had won the 2020 election. The documentary was deleted from YouTube and Vimeo just hours after it was livestreamed on the One America News Network website, drawing criticism from fact-checkers for its “debunked, unsubstantiated claims.”
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Mike Lindell Goes Back On His Claim That MyPillow Is Going Out Of Business
Just hours after telling Steve Bannon that MyPillow was going bankrupt due to political pressure, CEO Mike Lindell says business is booming.
“I made MyPillow2.0, and it’s doing really well!,” Lindell told The Daily Beast. Lindell quickly peddled a different story after initially claiming that his company was the target of a political vendetta.
“More than half the loans are already paid back! MyPillow2.0 is made entirely by MyPillow in Minnesota! You must have seen the ads on every TV station in the country,” he said, referring to his deal with QAnon podcasts and web shows to sell MyPillow products and split the profits.
After spreading false information about the stolen 2020 election, voting machine manufacturers have sued Lindell multiple times. Lindell is an ardent supporter of Trump. In January, he told WCCO that MyPillow had lost $100 million in retailers and that “we are not up 30-40%—we are down,” despite the fact that the full extent of the financial crisis was not yet known.
After being sued for billions of dollars by machine companies, Lindell told former Trump adviser Steve Bannon on Wednesday, “We had to borrow almost $10 million at MyPillow.”
Lindell told news outlets,“MyPillow had to spend millions on lawsuits and the last two years lost 30 box stores and shopping channels,” but he would not confirm or deny whether MyPillow is currently losing money.
“All because their CEO wants to get rid of electronic voting machines and help a save our country! I will not stop until we fix our election platforms and get rid of voting machines.”
Lindell mentioned the audit of MyPillow in his interview with Bannon, agreeing with Bannon’s assessment that it was political payback for Bannon’s efforts during the election. Lindell later said that he, not MyPillow, was facing the U.S. Internal Revenue Service.
