Mike Lindell Net Worth 2023; Age, Height, Wife & Biography

Credit: Wikipedia

Full Name	Mike James Lindell
Gender	Male
Date of Birth	28^th June, 1961 (62 Years old)
Birth Place	Mankato, Minnesota, USA
Net Worth	$100
Wife	Dallas Yocum
Marital status	Divorced
Religion	Christian
Children	Heather Lueth, Darren Lindell, Lizzy Meyer, Charlie Lindell
Profession	Founder and CEO of My Pillow
University	The University of Minnesota

What Is Mike Lindell net worth?

Mike Lindell is a zero-net-worth American author, business leader, and entrepreneur. Mike Lindell’s net worth easily reached $100 million and may have reached $200–300 million at the height of his wealth.

Before his election-related scandals, Mike’s business, My Pillow, brought in $110 million yearly. According to Mike, his company is expected to generate only $5 million in revenue in 2023—a 95% decrease.

A significant portion of the decline happened after retailers like Walmart and Bed Bath & Beyond stopped carrying their products.

The bulk of Mike’s prior income has been lost because of his legal expenses and the costs involved in trying to demonstrate that the 2020 election was rigged, which has only made his issues worse.

Mike stated in various interviews in 2022 and 2023 that he had invested between $25 and $50 million of his own funds to demonstrate that Donald Trump was the victim of election fraud in 2020.

At one point, he also stated that he was spending $1 million a month to try to get his social media program Frank Social launched and running.

In October 2023, Mike’s lawyers submitted a request to be removed from the case because they claimed he owed millions in unpaid legal bills in a defamation lawsuit. Mike responded by saying he had “lost everything” and that he was “out of money”. Every penny. It’s all gone.”

Mike used to be a living example of an incredibly motivational tale of American entrepreneurship and rehabilitation. Mike, who left college early, started My Pillow in 2005.

In 2008 he was so heavily addicted to crack cocaine that he once stayed awake for 19 days straight, by his own account. On January 16, 2009, he enjoyed one last party before giving up alcohol, cocaine, and crack.

Between 2009 and 2016, My Pillow and Mike’s tales of triumph and healing were amazing. He had a lot of television advertising, particularly on Fox News.

Between 2016 and 2017, Mike Lindell’s net worth reached a peak of $200 to $300 million. Prior to becoming a well-known conspiracy theorist and facing a $1.3 billion lawsuit for defamation, Mike’s business brought in well over $100 million annually.

Best-selling retailers included Walmart, Bed Bath & Beyond, Kohls, HEB Stores, Wayfair, and the Canadian Shopping Channel carried the merchandise. According to comparable company estimations, My Pillow’s 2017 valuation was approximately $500 million.

As you are probably aware, Mike is better recognized now for his controversial and outspoken support of Donald Trump and for peddling bogus conspiracy theories than for My Pillow.

Lindell has contributed financially to Trump’s efforts to rig the 2020 presidential election and disseminated untrue conspiracy theories.

Numerous retailers (including the six establishments listed in the preceding paragraph) ceased to stock My Pillow products as a result.

The biggest financial setback for Mike occurred in June 2022 when Walmart, My Pillow’s largest retailer, decided not to stock the company’s goods.

Mike Lindell declared his candidacy for the Republican National Committee Chair in November 2022. On January 27, 2023, he was voted out of office with only four of the 167 total votes cast.

Credit: Wikipedia

Early Life

On June 28, 1961, Michael James Lindell was born in Mankato, Minnesota. He started gambling when he was a teenager and was raised in Carver and Chaska, Minnesota. Mike enrolled at the University of Minnesota shortly after high school graduation, but he left a few months later.

In his 20s, Lindell developed a cocaine addiction; in the 1990s, he started abusing crack. His first wife ended their marriage due to his drug usage and gambling debts, and he lost his house to foreclosure.

Mike’s crack dealers organized an intervention in 2008 because of his extreme drug addiction. They were three of the largest sellers in the city, according to Lindell.

They declined to sell to me once more. One of them attempted to watch me until I nodded off.” Mike claims that in 2009, prayer assisted him in becoming sober.

My Pillow

Mike started several modest companies in Minnesota in the 1980s, including eateries, carpet cleaning services, and pubs. He created the My Pillow pillow in 2004, and during the following few years, he marketed it at state fairs, mall kiosks, and trade exhibitions.

After he founded My Pillow, Inc. in 2009, the business took off in 2011 following its debut infomercial. The half-hour program, which aired 200 times a day on average, was produced for $500,000.

Regarding the infomercial, Lindell stated, “It rose to the top of the global infomercial rankings.” We went from having five staff to 500 in 40 days.”

The business reportedly brought in $280 million a year at its height. Over 1,600 people are employed by the company, which has sold over 50 million pillows as of this writing.

The Better Business Bureau canceled My Pillow, Inc.’s certification in 2017 as a result of customer complaints, and the company’s rating was reduced to an F.

In 2020, Mike named his son Darren as the company’s CEO. By 2021, My Pillow products were no longer sold in many stores.

Lindell thinks that his allegations of voter fraud in the 2020 election caused shops to stop carrying his products, but a representative for Bed Bath & Beyond stated that My Pillow was just one of several “underperforming items and brands” that the company chose to phase out.

It was revealed in March 2021 that Mike was introducing Vocl, a social media platform that combined elements of YouTube and Twitter.

Later on, he changed his name to Frank due to a disagreement with a business that had created the Vocal website.

Frank, which Lindell developed over four years, debuted in April 2021 despite several technological issues. Lindell was the most followed user on FrankSocial with 308 as of April 2022.

Decreased Income and Reduced Wealth

Mike Lindell stated in a December 2021 interview that he used between $25 and $50 million of his personal funds to investigate allegations that Donald Trump’s election was rigged.

Following Mike’s outbursts over the election, numerous retail establishments removed his pillows from their inventory.

MyPillow’s sales drastically decreased as a result of this change. Mike asserted in January 2023 that My Pillow lost over $100 million in income annually as a result of these activities.

According to reports, in January 2022, Lindell’s personal bank, Minnesota Bank & Trust, labeled him as a “reputational risk.” After a month, the bank terminated his account.

Walmart, the largest distributor of My Pillow, removed all of the company’s merchandise from its stores in June 2022.

Mike stated in March 2023 that in order to keep My Pillow afloat in 2022, he was compelled to borrow $10 million. In order to “stay liquid,” he also stated that he had been selling assets and taking out personal loans. According to his own words:

“In October, I sold a building that I owned in Savage, Minnesota. I also had to take out a $2 million loan. I have dedicated my entire life to serving this nation.”

Private Jets

Mike is frequently seen or heard on social media while traveling in one of his private planes.

Widespread news of MyPillow’s sale of a 1993 Dassault-Breguet Falcon 50 private jet surfaced in July 2021. At a top speed of 539 mph, the 10-passenger aircraft can get from Los Angeles to New York City in 5 hours. Similar models range in price from $1.5 to $3.5 million, depending on age, mileage, and condition.

Mike made hints that he was still the owner of at least one additional private plane during an interview in March 2023.

Personal Life

On May 9, 1987, Mike tied the knot with Karen Dickey. Together, they have four kids: Lizzy, Heather, Darren, and Charlie.

Following their two decades of marriage, Lindell and Dickey separated, and on June 8, 2013, Mike married Dallas Yocum. Dallas Yocum left him, and Lindell next month filed for divorce.

The “Daily Mail” reported in early 2021 that Mike and actress Jane Krakowski started dating in late 2019 and lasted for nine months. The representative for Krakowski refuted the claim, saying, “Jane has never met Mr. Lindell. She is not, and has never been, in a romantic connection with him.” In addition, Lindell refuted it and sued the publisher.

On “The Domenick Nati Show,” in March 2021, Mike claimed that he had been residing in hidden places because of fears for his safety.

I haven’t returned to Minnesota, and if someone has been looking for me, please know that it has been two months,” he said. I can’t go back there.

Dan Patrick disclosed that Lindell had relocated to Texas a few years prior to his swearing-in as Lieutenant Governor of Texas on January 17, 2023.

Mike started the drug addicts’ treatment-focused non-profit Lindell Foundation in 2012, and he started the Lindell Recovery Network in 2019 with the goal of “helping struggling addicts find hope, restoration, and the love of Jesus.”

Mike released his book “What Are the Odds? in 2019.” From CEO to Crack Addict.”

Minnesota Mansion

Mike spent $745,00 in August 2016 for a 5,400-square-foot estate situated on 2.5 lush acres in the Minnesota town of Chaska. In September 2022, he put the house up for sale, asking $1.1 million. He decided to pay $945,000 in December 2022.

Donald Trump Support

During their meeting with the then-candidate for president in August of 2016, Lindell turned pro-Trump. Mike subsequently stated: “When I met with Donald Trump, it felt like a divine appointment, and when I walked out of that office I decided I was going to go all in.”

Lindell has spoken at Trump rallies and the 2019 Conservative Political Action Conference. He also attended the last presidential debate and Trump’s inauguration.

He attended the signing of the SUPPORT for Patients and Communities Act, which addressed opioid use disorder, by President Trump in 2019, after they had a meeting to discuss the problem of opioid addiction.

During the onset of the COVID-19 epidemic, Mike temporarily moved the focus of the My Pillow factory from bedding products to face masks at the Trump administration’s request.

During that period, Lindell made an appearance at a COVID-19 press conference held at the White House and was appointed as the Minnesota campaign chair for Trump’s 2020 reelection campaign.

Mike is a board member of Phoenix Biotechnology, a firm that makes products that contain oleandrin, and he has marketed the toxic plant extract oleandrin as a COVID-19 cure during the pandemic.

Credit: Wikipedia

Conspiracies related to elections

Lindell was involved in funding a bus to go on a two-week trip to contest the election results after Joe Biden defeated Trump in the 2020 contest.

At some of the tour’s destinations, he also gave speeches. Mike claims he was not at the revolt, but he did attend the demonstration that took place before the attack on the Capital on January 6.

But he did disseminate conspiracy theories, according to which Antifa was responsible for the incident and was most likely “dressed as Trump people.”

Along with spreading conspiracy theories, Mike has led to Dominion initiating a $1.3 billion defamation lawsuit against him, claiming that the voting system manufacturers, Smartmatic and Dominion, conspired with foreign powers to manipulate their equipment and steal the election.

These unfounded allegations resulted in Lindell’s permanent ban from Twitter in January 2021.

A recount of ballots cast in the 2020 election was started in September 2021 in Bonner County, Idaho, following allegations by Lindell that over 40 Idaho counties had been compromised.

After finding that there was no evidence of hacking and that the recount’s accuracy was within 0.1%, Idaho’s Chief Deputy Secretary of State, Chad Houck, declared that Mike would be responsible for paying the state’s recount expenses.

In an attempt to demonstrate that Trump won the 2020 election, he also served as director, producer, and star of the documentary “Absolute Proof” in 2021.

A few hours after the video was streamed live on the One America News Network website, it was taken down from Vimeo and YouTube due to criticism from fact-checkers regarding “debunked, unsubstantial claims.”

$5 Million Challenge Lawsuit

Mike organized a three-day “Cyber Symposium” in August 2021 to present “irrefutable evidence”—which he never did—of voter fraud.

He also introduced the “Prove Mike Wrong Challenge” as part of the symposium, offering a $5 million reward to anyone who could refute his election-related facts.

Robert Zeidman, a cyber security specialist, accepted Lindell’s challenge and proceeded to thoroughly refute the information.

Zeidman then launched a lawsuit against Lindell because he refused to pay the $5 million reward. An arbitration panel upheld Zeidman’s work in April 2023 and mandated that Lindell compensate Zeidman.

“Based on the aforementioned analysis, Mr. Zeidman performed under the contract,” the panel concluded in its report.

He demonstrated that the data Lindell LLC offered and claimed to have reflected information from the November 2020 election was categorically false.

Mr. Zeidman is entitled to compensation as there was a breach of contract when the $5 million award was not paid to him.