A renowned politician, philanthropist, film producer, and entrepreneur, Mike James Lindell (aka Mike Lindell), is everywhere because of his monetary matters. His recent confession is that he is out of money to pay the lawyers representing him in the 2020 election-related defamation cases. Does this mean Mike Lindell net worth equivalent to zero?
The legal attorneys defending him in the case have requested the court to let them take leave from the case because they aren’t being paid. Lindell, who claims to have incurred over $60 Million on his political agendas, isn’t going nuts over the attorney’s reactions and calls it a fair move saying that he understands they have to feed their families.
Mike Lindell who claims to have only 10,000 USD in his name according to CBS News has got people curious to discover his earnings. And what exactly will he do to overcome his financial crisis? Let’s get down to the details.
| Full Name: | Michael James Lindell |
| Known As: | Mike Lindell | My Pillow Guy |
| Date Of Birth: | 28th June, 1961 |
| Birth Place: | Mankato, Minnesota, US |
| Nationality: | American |
| Age: | 62 Years |
| Profession: | Political Activist. Businessman. Conspiracy Theorist |
| Net Worth: | $10,000+ |
| Height: | 5 ft. 10 in. |
| Marital Status: | Divorced |
| Ex-Wives: | Karen Dickey & Dallas Yocum |
| Children: | Heather Lueth, Lizzy Meyers, Darren Lindell, Charlie Lindell |
| Founder/CEO Of: | My Pillow |
Mike Lindell Net Worth 2023
How much Mike Lindell net worth is can’t be said certainly because of his ongoing financial struggle. Nevertheless, he says he has 10,000 USD in his name, as per CBS News. According to him, his company, My Pillow, is also in the same condition. However, these figures might only account for monetary possession, there are chances that his additional asset might take this number higher.
Mr. Lindell, who has constantly supported the election conspiracy theory, was sued by Smartmatic, Dominion Voting Systems, and one of its former employees in 2021 for defaming them and stating that the voting machines were contrived to switch the votes in the 2020 elections to work against Donald Trump. In response to this, he sued Dominion (who sued him and My Pillow) for “suppression of speech and attacks on the company,” two months later, but the cases were dismissed.
Parker Daniels Kibort (also referred to as PDK) and Lewin & Lewin LLP are two companies that are putting their blood and sweat into saving Lindell in the 2020 election-related defamation cases. However, for the past few months, he has been unable to pay his due expenses towards the litigation lawyers. As per Hindustan Times, Andrew Parker, one of the attorneys, stated that Mike owes “millions of dollars” to them, and continuing to provide services to him in this case would only bring more losses to them.
Read further to uncover how Mike’s multi-million dollar empire has dwindled to the point that he can’t cover his lawyers’ fees.
Early Life & Education
Michael James Lindell was born on 28th June, 1961, in Minnesota and raised in Chaska and Carver. He got admitted into the University of Minnesota for his higher education but dropped out in just a few months. From his teen days, he was addicted to gambling and also became addicted to cocaine later on. By his 30s, Mike was in debt which became the reason for his divorce, and his house was also foreclosed.
Career
Michael’s success didn’t come easy. He has faced several obstacles due to his drug and gambling addiction. Nevertheless, he coped with it and established several lines of business including food trucks, carpet cleaning, bars, restaurants, and many more. He also established a multi-million dollar pillow manufacturing company- My Pillow, in his hometown, which became an attraction for big box stores like Walmart and Bed, Bath & Beyond.
But that’s not the only thing on his plate. Scroll down a little to discover how Mike Lindell net worth is built.
Mike Lindell Net Worth Over The Years
| S. NO. | YEAR | NET WORTH (In USD) |
| 1 | 2023 | 10,000+ |
| 2 | 2022 | 142 Million |
| 3 | 2021 | 300 Million |
| 4 | 2020 | Between 1 to 5 Million |
| 5 | 2019 | Between 100K to 1 Million |
Source Of Income
My Pillow
My Pillow is a business venture started by Michael J. Lindell in 2004. The pillow manufacturing unit soon became a household name and has added massively to Mike Lindell net worth. Based in Minnesota, the company touched the heights of success and was reportedly worth $500 Million in 2017. However, it is reportedly facing a tough time presently.
My Pillow suffered a loss of more than $7 Million in the last year, CBS News confirms. The 62-year-old founder of the company said that the reason behind all this is superstores like Walmart backing up. Moreover, American Express did cut his credit limit from $1 Million to $100K. In July this year, the company had to auction over 700 pieces of its equipment because the heavy cutback from the big retailers made the company lose over $100 Million. Meanwhile, he was also incurring operations expenses and advertising expenses (which alone cost him $1 Million) for the company.
The My Pillow CEO blames the ongoing dilemma of the case and the media for spreading negative news about him. Meanwhile, Smartmatic sees it “as an opportunity to fund-raise for his election fraud campaign,” The New York Times reports.
The election-denying guy also sells slippers which appear like prison slippers.
Frank
Frustrated by Twitter’s constant bans, Mike launched a social media site called Frank in 2021. It provides a mix of ‘print, television and radio,’ and proffers text and live streaming features like Facebook. The web app was previously set to be named ‘Vocl.,’ but later switched to Frank due to controversies. Later on, it was out on Google Play Store and Apple Store.
Frank’s development took much of Mike Lindell net worth and a couple of months. He stated, “I’ve spent millions and millions of dollars on Frank Speech. Because I have my own servers, I have everything protected. I spent $5 million, just for the protection for both the app and the Frank Speech website.” He further stated, “No one can de-platform me now. I have physical servers in two different places in the United States, in Dallas and Detroit. And these are physical servers that I bought, and I bought these things to protect them.” (Source: Business Insider)
Real Estate
Due to safety concerns, Mike Lindell lives in “undisclosed locations.” However, he had a house in Minnesota that is said to be sold in 2022. In 2021, Business Insider India confirmed that he has no plans to return to that place, saying, “If they’re capable of what they’re doing out there to destroy a company and destroy things to cancel people out, I guess I’m not going to go there, make myself vulnerable out there.”
The New York Times reports that one out of the two properties that the My Pillow Guy has in his name is held as security by the Internal Revenue Service for $4.6 million in unpaid taxes from 2020. He spent $3 Million on his team of advisers and “white hat hackers” for attempting to get evidence for the prominent election conspiracy, which involves a house purchase in Florida, the Salon confirms.
Car Collection
Here is the list of four-wheelers, that are a part of Mike Lindell net worth:
| S. NO. | CAR MODEL |
| 1 | Bentley Flying Spur |
| 2 | Mercedes-Benz C-Class |
| 3 | BMW X8 |
| 4 | Ferrari Portofino |
| 5 | Lincoln Navigator |
| 6 | Lexus ES |
| 7 | Audi A6 |
| 8 | Range Rover Velar |
Endorsements/Investments
The sixty-two-year-old entrepreneur is closely related to political issues in the US. He endorsed Derrick Evans for Rep. Carol Miller’s congressional seat and helped him bail out when he was imprisoned for resigning three days after participating in the January 6 Capitol riots. In 2022, he reportedly endorsed Matt DePerno in the Michigan Republican Party chair race. He is also known for providing financial aid to Trump in overturning the 2020 election results.
Philanthropic Activities
Mike Lindell net worth has contributed towards societal benefit in many ways. Two of the charities that he assisted with donations are the Salvation Army and Union Gospel Missions.
He also established the Lindell Foundation in 2012 to assist drug addicts and substance abusers. However, the foundation has been on-and-off, launched and relaunched and catered evangelist purposes afterward, however, the My Pillow boss claims he didn’t do much with it in the initial 4 years. He reportedly claimed to donate $6 Million in 2017, which after verification turned out to be a little mystique as the foundation’s revenue records for that year accounted for $2.6 Million. Furthermore, he donated pillows and blankets in Florida after it tackled Hurricane Ian in 2022.
Mike Lindell Appearance
| S. NO. | FEATURES | DETAILS |
| 1 | Eye Color: | Grey |
| 2 | Hair Color: | Blonde |
| 3 | Height: | 5 ft. 10 in. |
| 4 | Weight: | 97 Kg |
Personal Life
Mike Lindell has four kids with his ex-wife Karen Dickey- Heather Lueth, Lizzy Meyers, Darren Lindell, and Charlie Lindell. After divorcing his first wife, he tied the knot with Dallas Yocum in June 2013, but they called it off in a month.
He had a nine-month relationship with actress Jane Krakowski between late 2019 and the summer of 2020, as reported by the Daily Mail. However, they didn’t confirm this rumor and My Pillow Guy sued Daily Mail for defamation. The case was dismissed because the court found that he was unable to prove that any of the statements published were “defamatory.”
In November 2022, the My Pillow founder revealed publicly that he was one of the running aspirants for Chair of the Republican National Committee. But he didn’t win as per the January 2023 results.
Controversies And Legal Suits
Defamation Lawsuit Over Election Conspiracy Theory
A spark emerged when Mr. Lindell blamed voting machine manufacturing companies Smartmatic and Dominion for confiscating the votes in the 2020 elections that he believed were for Donald Trump and switching them in favor of Joe Biden. He held his ground strongly when both the companies and Dominion ex-executive sued him in defamation cases.
The What Are the Odds? business memoir writer is currently facing a $1.3 Billion and $1 Billion defamation charge from Dominion Voting Systems, and Smartmatic, respectively. He hired Parker Daniels Kibort LLC and Lewin & Lewin LLP to represent this case but can’t pay their due fees anymore for which both the organizations have pleaded the court to permit them to withdraw. The Hindustan Times reports that Andrew Parker, an attorney at Parker Daniels Kibort said, “PDK warned Defendants that if they did not pay the outstanding invoices and continue to pay new invoices as they came due, PDK would have to withdraw its representation of Defendants.” He further states, “At this time, Defendants are in arrears millions of dollars to PDK.”
The My Pillow Guy told the Associated Press that he understands the reason behind the attorney’s decision and won’t object. He declared that he is finding new lawyers and won’t settle the suit. Till date, nearly $500K out of Mike Lindell net worth has been spent on the litigation process and approximately $25 Million on vocalizing the issue of 2020 elections fraud, Business Insider confirms. As of this writing, no further trial date is allotted for the defamation lawsuit.
Prove Mike Wrong Challenge
In addition, he announced to pay $5 Million to anyone who can negate his data which he says is the “proof” of hacked elections. An attribution panel demanded him to shell out the money as promised against his ‘Prove Mike Wrong Challenge’ to a software engineer, named Bob Zeidman because he was able to prove that the data wasn’t related to the 2020 elections at all. However, Mike refused to follow the order reportedly saying that Zeidman didn’t prove anything. The software pro has demanded that a federal court look into the matter and ensure the decision of the panel gets executed.
Twitter Ban
Mr. Lindell’s life is highly affected by his reportedly false election fraud claims. He took to Twitter in 2021 to share an “unsubstantiated claim that Trump won the 2020 election,” and faced the platform’s outlash in the form of bans for repeatedly violating its civic integrity policy. He then used the My Pillow account to tweet and subsequently, that account too was put on ban due to the violation of Twitter’s ban evasion policy. However, he rejoined the platform several times in between.
Frequently Asked Questions
#1 What Is Mike Lindell Net Worth 2023?
Mike Lindell net worth can’t be ascertained exactly. He is currently out of money to pay his lawyers and his company My Pillow has suffered huge losses. However, he says he has $10K in his name as per CBS News.
#2 Is My Pillow In Losses Now?
My Pillow is currently facing a phase of loss because of the ongoing defamation lawsuit against its founder Mike Lindell. A plethora of big retailers including Walmart have canceled their deals with it due to which it has suffered a loss of $7 Million.
#3 What Is Mike Lindell’s Election Conspiracy Theory?
Mike Lindell dropped a bombshell when he announced that Smartmatic and Dominion Voting Systems have stolen the 2020 elections from Donald Trump. This is his election conspiracy theory.
#4 Why Mike Lindell’s Attorneys Want To Withdraw?
The companies providing attorney services to Mr. Lindell (Parker Daniels Kibort and Lewin & Lewin LLP), requested in court recently to allow them to withdraw their services because of failure of payment on Mr. Lindell’s part.
#5 Why Was Lindell Permanently Banned From Twitter?
Twitter permanently banned Mike Lindell after “repeated violations” of the platform’s civic integrity policy.
Conclusion
Mike Lindell is a prominent media personality, political activist, and businessman who has spread his claws deep into the millionaires’ guild. However, recently he stood in deep water and faced financial troubles, so much so that he can’t even afford to pay his lawyers who have been by his side in the 2020 election-related conspiracy suit. He reports that he is only left with $10K and his company My Pillow (one of the major contributors to Mike Lindell net worth) has been running in losses for the last 1 1⁄2 years. The above article throws light on his multiple business ventures, career, personal life and controversies.
