Michael James Lindell was born in Mankato, Minnesota, on June 28, 1961. He grew up in Carver and Chaska, Minnesota, and started gambling when he was a teenager. Mike attended the University of Minnesota for a short time after high school, but he eventually left. In 2008, he was so dependent on crack c0caine that he claimed to have gone 19 days without sleep. On January 16, 2009, he went to his last party before giving up dr*gs and @lcohol for good.
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What Is The Net Worth Of Mike Lindell?
Mike Lindell is a successful businessman, CEO, and author in the United States, and he is worth an estimated $20 million, according to Celebrity Net Worth. Mike Lindell became wealthy by creating the company My Pillow. He once served as a role model for Americans with his story of perseverance and business success.
My Pillow and Mike’s extraordinary journey to health and happiness between 2009 and 2016 is inspiring. His ads seemed to pop up everywhere, but mainly on Fox News. Mike Lindell amassed a fortune of $200 million to $300 million at his peak in 2016 and 2017.
Mike’s business used to bring in about $300 million annually in sales until he became an entrenched conspiracy theorist and was hit with a $1.3 billion defamation charge. Walmart, Bed Bath & Beyond, Kohl’s, HEB Stores, Wayfair, and the Canadian Shopping Channel all carried the products, and they were all best-sellers. My Pillow was valued at roughly $500 million in 2017, which is in line with the valuations of similarly situated companies.
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In The ‘Prove Mike Wrong’ Election-Fraud Challenge, Mike Lindell’s Company Is Fined $5 Million
A judgement from the arbitration panel, states that My Pillow CEO Mike Lindell must pay $5 million to an expert who discredited his research concerning the 2020 election, as reported by The Washington Post.
Lindell, who spreads election theories, promised to give the millions of dollars to any cyber security expert who could show that his data was wrong. Robert Zeidman, a software developer with decades of experience, won a $5 million arbitration award against Lindell on Wednesday.
News outlets has seen arbitration filings, as well as video depositions, including one from Lindell.
“Based on the foregoing analysis, Mr. Zeidman performed under the contract,” the arbitration panel wrote in its decision. “He proved the data Lindell LLC provided, and represented reflected information from the November 2020 election, unequivocally did not reflect November 2020 election data. Failure to pay Mr. Zeidman the $5 million prized was a breach of the contract, entitling him to recover.”
After publicly promoting unfounded claims of widespread fraud in the 2020 presidential election, this move is another blow to the credibility of the MyPillow CEO. Defamation actions against Lindell have also arisen out of his election allegations.
According to Brian Glasser, founder of Bailey & Glasser, LLP and Zeidman’s attorney, “the lawsuit and verdict mark another important moment in the ongoing proof that the 2020 election was legal and valid, and the role of cybersecurity in ensuring that integrity.” In other words, “Lindell’s claim to have 2020 election data has been definitively disproved.”
In a brief phone interview, Lindell predicted that “this will end up in court,” criticized the news media, and advocated for the elimination of electronic voting machines. You might also check the official tweet by Andrew Wortman below.
“I’ll pay five million dollars to anyone who can prove me wrong about the 2020 election.” Mike Lindell claimed.
“Ok,” said software developer Robert Zeidman. And he did. Then he sued Lindell for the money.
And an arbitration panel just ruled that Lindell must pay him. Amazing. pic.twitter.com/aIf4VfDFKt
— Andrew Wortman (@AmoneyResists) April 20, 2023
He told Erin Burnett on Thursday’s “OutFront” that the ruling was a relief and that he had filed the lawsuit not for the money but to debunk electoral myths.
He also announced the “Prove Mike Wrong Challenge,” in which anyone who could show that his data had nothing to do with the 2020 election could win a multimillion-dollar prize. He did this to get the media to pay more attention to his claims of election fraud.
In a deposition, Lindell explained, “I thought, well what if I put up a $5 million challenge out there, then it would get news, which it did. So, then you got some attention.”
Zeidman accepted the challenge, accepted the terms of the contract, and found Lindell’s data to be generally incoherent.
“Normally data analysis could take weeks or months and I had three days,” Zeidman told. “But the data was so obviously fake that I spent a few hours before I could show it was fake.”
The arbitration panel made it clear that in making its decision, it would only be considering whether or not the data Lindell provided to experts was related to the 2020 election, despite Lindell’s numerous absurd and unproven claims about the election.
Contestants were not expected to deny electoral meddling. Consequently, the challenge for the candidates was to “disprove” the arbitration panel’s finding that the information provided was not accurate information from the 2020 election held in November.
“The Contest did not require participants to disprove election interference. Thus, the contestants’ task was to prove the data presented to them was not valid data from the November 2020 election,” the arbitration panel wrote.
The panel’s ruling ran over all of the materials Zeidman had submitted and concluded that none of the information was relevant to the 2020 election.
Zeidman may or may not be able to receive his payment at this point. While fighting defamation charges stemming from his fraudulent election claims, Lindell recently told right-wing podcaster and former Trump administration official Steve Bannon that his company borrowed over $10 million.
“I’m afraid he’s going to be out of money before I ever see my five million,” Zeidman told Burnett. In his testimony, Lindell claimed he never gave any thought to the possibility that he may lose the challenge. Lindell laughed and added, “No, because they have to show it wasn’t from 2020 and it was.”
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