What is Mike Lindell net worth in 2024? known as “My Pillow Guy”, he is an American businessman and political activist. He built MyPillow from scratch into a successful bedding company. But recently, legal battles and financial setbacks have hit his business hard, causing his fortune to plummet significantly. So, what is Mike Lindell’s net worth in 2024? Let’s dive into that and the story behind it.
Mike Lindell’s Profile Summary
| Attribute | Details |
|---|---|
| Full Name | Michael James Lindell |
| Nickname | My Pillow Guy, Mike Pillow |
| Gender | Male |
| Date of Birth | June 28, 1961 |
| Age | 63 years old (as of 2024) |
| Zodiac Sign | Cancer |
| Place of Birth | Mankato, Minnesota, USA |
| Current Residence | Texas, USA |
| Nationality | American |
| Ethnicity | White |
| Religion | Christianity |
| Sexuality | Straight |
| Height | 5’10” (178 cm) |
| Weight | 184 lbs (84 kg) |
| Hair Color | Light Brown |
| Eye Color | Blue |
| Mother | Shirley Lindell |
| Father | James Lindell |
| Siblings | Three |
| Marital Status | Married |
| Wife | Kendra Reeves |
| Children | Four |
| School | Mankato East High School |
| University | University of Minnesota |
| Profession | Entrepreneur, Inventor, Political Activist |
| Net Worth | $0 |
| @michaeljlindell | |
| X (Twitter) | @realMikeLindell |
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Mike Lindell Net Worth 2024: What’s the Real Deal?
So, what is Mike Lindell’s net worth in 2024? According to reports from Celebrity Net Worth and Kahawa Tungu, Mike Lindell has an estimated net worth of $0. Yeah, you read that right, zero dollars. At his peak, Lindell allegedly had a net worth ranging between $200 million and $300 million.
Why Did Mike Lindell’s Net Worth Drop So Much?
Mike Lindell went from millions to zero largely due to legal troubles, his controversial election-rigging claims, and poor business performance. Newsweek reported that defamation lawsuits against Lindell by Dominion and Smartmatic voting machine companies drained his finances. Plus, he spent over $40 million trying to overturn the 2020 election.
Mike Lindell’s Annual Income: Declining Fast
Celebrity Net Worth reported that Lindell’s income has shrunk dramatically compared to his peak. In 2023, MyPillow had an annual gross revenue of just $5 million, a staggering 95% drop from the $110 million reported in 2022. Talk about a nosedive!
The Rise and Fall of MyPillow Inc.
- MyPillow’s Rise:
Founded in 2004 by Lindell, MyPillow thrived after he patented his unique pillow design. The business grew, selling over 41 million pillows and expanding its staff from five to over 1,500 by 2017. Direct marketing and endorsements from influential figures helped the brand become a household name. - MyPillow’s Fall:
Lawsuits and fines due to misleading advertising started the company’s decline in 2017. After Lindell’s controversial 2020 election claims, major retailers like Walmart stopped carrying MyPillow products. This led to a massive financial hit, eventually causing Lindell to lose $100 million in 2021.
In 2022, Lindell disclosed that MyPillow lost $7 million and he borrowed $10 million to keep the company afloat. By 2023, MyPillow auctioned off over 700 pieces of equipment due to declining business and lack of credit. In early 2024, Fox News even stopped running MyPillow ads due to a payment dispute.
Mike’s Legal Battles: Lawsuits and Settlements
- Dominion Voting Systems Lawsuit:
Dominion sued Lindell for $1.3 billion, alleging false election-rigging claims. Smartmatic filed a similar defamation lawsuit. - Breach of Contract Lawsuit:
In 2021, Lindell offered $5 million to anyone proving his election fraud data was false. Robert Zeidman took up the challenge and won the reward after proving Lindell’s data had no information about the 2020 election. Lindell was ordered by an arbitration panel to pay him $5 million.
Mike Lindell’s Real Estate and Private Jet
Amid financial woes, Lindell said, “All I have left is my pickup truck and the house I live in.” He used to own a mansion in Chaska, Minnesota, which he sold for $945,000 in December 2022. He once owned a 1993 Dassault-Breguet Falcon 50 private jet but sold it in 2021 for $2.5 million to help fund his legal defense.
FAQs
Mike Lindell, aka the “My Pillow Guy,” is an American entrepreneur, author, and political activist. He founded MyPillow, Inc., which produces pillows and bedding products.
Reports suggest Mike Lindell’s net worth is $0 in 2024.
MyPillow faced lawsuits, a retail boycott, and declining sales due to Lindell’s controversial election claims, leading to a massive financial blow.
Dominion Voting Systems sued Lindell for $1.3 billion over defamation after he falsely claimed their machines rigged the 2020 election.
Mike Lindell is married to Kendra Reeves. They got married on April 23, 2023.
Overall, Lindell’s financial troubles have been intense and rapid, mainly driven by unsuccessful ventures and controversial claims about the 2020 election.
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