Mike Lindell, the founder of My Pillow, Inc., has an estimated net worth of $300 Million. This American entrepreneur, businessman, and also a conspiracy theorist is popular for his pillow manufacturing company situated in Minnesota, United States.
Despite being a prominent businessman, Lindell is also popular for being the advisor of the former US president, Donald Trump. During the 2020 United States Presidential Election, he was strongly in support of the attempts to overturn the election result.
How much does Mike Lindell make money?
Mike Lindell is worth $300 million. His income on a yearly basis, monthly basis, weekly basis, and daily basis is as follows-
- Yearly: $31.67 Million
- Monthly: $2.64 Million
- Weekly: $608k
- Daily: $87k
How Mike Lindell makes money?
Most of Lindell’s income comes from his own company My Pillow, Inc. Other than this he is the author of the famous book “What Are the Odds?”. A more detailed discussion on his current income sources is given below.
Earning as My Pillow CEO
Mike Lindell is the CEO of My Pillow, Inc. He sold his 4 bars and restaurants to develop this business more efficiently and effectively. At this moment this is Lindell’s main source of income.
It was estimated that this company has sold around 50 million pillows to date and generates a revenue of around $407 million with over 1600 employees in 15 retail locations.
Things are getting pretty sideways for My Pillow recently. Mostly because of Lindell’s political affiliations with the Republican president, Donald Trump. He lost 20 retailers that cost him around $65 million due to his activities in the 2020 US presidential elections.
Mike Lindell wrote his masterpiece “What Are the Odds? From Crack Addict to CEO” on 27th December 2019. This book invites its readers with serious importance. This is a must-read for those who not only want to become an entrepreneur and successful in life, but also those who are struggling with addiction and are looking for a message of hope.
“What Are the Odds?” is rated 4.6/5 in Goodreads and 5//5 in Christian Book Distributors. The hardcover version of this book costs around $27.97.
Biography of Mike Lindell
|Name||Michael James Lindell|
|Date of Birth||28 June 1961|
|Place of Birth||Mankato, Minnesota, United States|
|Net Worth||$300 million|
Mike Lindell Early life
Lindell was born on June 28, 1961. Though he was born in Mankato, Minnesota, he was raised in Chaska and Carver. Lindell had an unstable education life. He was admitted to the University of Minnesota. But after completing only a few semesters there he dropped out.
In 1980 he opened a business on carpet cleaning and lunch wagons. He also opened a few bars and restaurants. All of his businesses were centered in Carver County, Minnesota. After some years in his business, a derailed version of Mike Lindell came into existence. By 1990, he got addicted. He was doing gambling and became addicted to cocaine and alcoholic beverages.
His certain addiction to drugs has led him to face various social problems. He lost his house due to the failure of timely mortgage payments and got divorced from his wife because of his addiction problems. However, Lindell overcame his addiction and finally achieved sobriety.
Mike Lindell Career
Mike Lindell, throughout his life, has gone through many ups and downs. His path to becoming one of the significant entrepreneurs was not easy. From dealing with crack to dealing with business clients and more than 1600 employees working for him, this American has come a long way.
An overview of his career is discussed below.
Mike Lindell invented My Pillow in 2004. He started this business venture in Minnesota. Soon after the inception, this company became one of the major manufacturing companies in Minnesota, United States.
Though founded in 2004, the first sale of it was back in 2005 at a kiosk in a mall in Eden Prairie Centre, Minnesota. And then for the next six years, this company struggled to sell its goods at trade shows and shopping malls. However, My pillow, Inc. arrived at its peak soon after 2012.
This company has faced several challenges. One of the major challenges was from the Better Business Bureau (BBB), a non-profit organization that focuses on advancing marketplace trust. In 2017, BBB revoked and reduced My Pillow’s rating to an ‘F’ on the basis of Consumer Complaints.
The year 2021 was a bit rough for My Pillow, Inc. Lindell’s close affiliation with the 45th US President, Donald Trump has made him lose a bulk of retailers.
Not only that but his support towards overturning the 2020 US election results and promoting Oleandrin, a toxic plant extract as Covid-19 cure has made a negative impact on his business relations.
Though competitors like Kohl, and Bed, Bath and Beyond have argued that such a drastic reduction in consumers is due to low-quality market research and low customer demand.
Vocl (social media platform)
The media announced that Mike Lindell is about to launch an all-tech social media platform named Vocl. Mike describes Vocl as a platform that will have the functionalities of both YouTube and Twitter. Last but not least this platform will have its own server.
There are several political arguments regarding the inception of Vocl. After Lindell’s political tweets on Twitter in support of overturning election results and posing a potential threat of violence twitter banned Mike’s profile. Not only that his activities have led YouTube and Vimeo authority to take down a three-hour film based on election.
It is widely believed that such rage and the suppressed anger initiating from the deprivation of freedom of expression has led this republican supporter to open his own social media platform.
However, Lindell claimed all the voting machine fraud has led him to launch this site. This led to another interesting incident when Dominion, an election technology company, sued Lindell for $1.3 billion in damage for spreading baseless comments that the Dominion voting machines were used to steal votes for President Joe Biden.
Lindell married twice in his entire life. The first one sustained for 20 years and the last one was in 2013 with Dallas Yocum. Within a very short span of time, Dallas filed for divorce in mid-July, 2013.
Mike is blessed with 4kids. Two daughters, Heather Lueth and Lizzy Meyers, and two sons, Darren Lindell and Charlie Lindell.
- https://www.bloomberg.com/news/features/2017-01-11/the-preposterous-success-story-of-america-s-pillow-king – Mike Lindell on Bloomberg
- https://www.mypillow.com/ – Mike Lindell’s My Pillow Website
- https://www.amazon.com/What-Are-Odds-Crack-Addict/dp/1734283416 – Mike Lindell’s Book