Mike Lindell, the founder and CEO of MyPillow, Inc., has become one of America’s most prominent entrepreneurs and political activists in recent years.
His rags-to-riches story and close ties to former President Donald Trump have made him a polarizing figure. But how much is the prominent businessman really worth?
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Comprehensive Biography of Mike Lindell
@Mike Lindell’s path to success has been an unlikely one. Born Michael James Lindell in 1961 in Mankato, Minnesota, he struggled with cocaine and alcohol addiction for years before getting sober in 2009.
After finding success with his pillow company MyPillow in the late 2000s, Lindell became a born-again Christian and prominent supporter of conservative political causes.
He has leveraged his business success and political ties to become a minor celebrity in some circles.
|Michael James Lindell
|The MyPillow Guy
|Mankato, Minnesota, United States
|Date Of Birth
|June 28, 1961
|Cardinal High School
|Dallas Yocum (m. 2013–2021)
|Heather Lueth, Lizzy Meyers, Darren Lindell
|Dorothy May Lindell, Lewis Albert Lindell
|Cardinal High School
|University of Minnesota
|Social Media Followers
|Facebook: Over 800k followers
|$300 Million (Approx.)
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Mike Lindell’s Wealth
@Mike Lindell has amassed an estimated $300 million net worth, making him one of Minnesota’s wealthiest businessmen.
The vast majority of his fortune stems from MyPillow, the pillow manufacturing company he founded in 2004 and still owns around 75% of.
MyPillow has brought in over $1 billion in total sales through infomercials and retail channels. Though no longer CEO, Lindell earns $2 million annually as the company’s spokesperson.
He has also earned money from real estate holdings, minor investments, paid appearances, and promoting election conspiracy theories in conservative media. But selling pillows remains the primary source of his wealth.
Assets & Investments of Mike Lindell
Much of Lindell’s estimated $300 million net worth comes from his ownership stake in MyPillow, Inc. He owns about 75% of the company, which has done over $1 billion in total sales.
He also owns a real estate company and minor stakes in other local Minnesota businesses.
Luxury Car Collection of Mike Lindell
While not known as a huge car enthusiast, Lindell does own several high-end vehicles. These include a Mercedes-Benz SL550, Cadillac Escalade, and Lexus LS600.
He uses these for personal and business transportation when traveling between his homes and offices.
Lindell’s Luxurious Homes
Lindell owns luxurious houses in Minnesota, Florida, and Arizona. His main residence is a 12,000-square-foot French-style chateau in Minneapolis worth over $2.4 million. He also owns a $1.5 million canal-front mansion in Naples, Florida.
Mike Lindell’s Charity Works
The devout Christian businessman has donated large sums to addiction recovery and religious charities over the years. He started the Lindell Recovery Network to help fund substance abuse treatment. He also contributes to organizations like The Salvation Army.
Mike Lindell Net Worth
Mike Lindell’s net worth is a testament to his success as an entrepreneur and business magnate. The CEO and founder of MyPillow, Lindell has amassed a substantial fortune through his innovative product offerings and astute marketing strategies.
His unique pillow design, coupled with compelling infomercials and advertising campaigns, catapulted MyPillow into a household name, significantly contributing to Mike Lindell’s net worth.
Beyond his business ventures, Lindell has diversified his income through investments and public appearances, further enhancing his financial standing.
While his exact net worth may fluctuate over time, it undeniably underscores his prominence in the world of commerce and his capacity to generate wealth through his various endeavors.
Sources of Wealth
Mike Lindell, the CEO and founder of MyPillow, has built his wealth through various means. While specific financial information may change over time, here are four primary sources of wealth associated with Mike Lindell:
MyPillow Business: Mike Lindell’s primary source of wealth is his ownership and leadership of MyPillow Inc. The company produces and sells a variety of sleep-related products, including pillows, mattresses, and bedding accessories. MyPillow has been a highly successful venture, contributing significantly to his net worth.
Inventor and Entrepreneur: Lindell’s invention of the MyPillow and his entrepreneurial spirit played a pivotal role in his wealth accumulation. He developed a unique pillow design and successfully marketed it through infomercials and other advertising channels.
Investments and Appearances: As a public figure, Lindell has made various investments and appearances. He has been involved in different business ventures and has been invited as a speaker or guest on several television shows and events. These opportunities could have contributed to his income.
Philanthropy: While not a direct source of wealth, Mike Lindell has been involved in various philanthropic activities. He has donated to causes such as addiction recovery and has been active in raising awareness about the opioid crisis. His philanthropic endeavors can influence his reputation and opportunities.
Q: What is Mike Lindell’s net worth?
A: Mike Lindell’s net worth is estimated to be around $300 million as of 2023.
Q: What is the source of Mike Lindell’s wealth?
A: The vast majority of Lindell’s net worth comes from his company MyPillow, of which he owns about 48%. MyPillow does over $300 million in annual revenue.
Q: How much money does MyPillow make?
A: MyPillow brings in annual revenues of over $300 million. Lindell owns close to half the company, making it the main source of his $300 million net worth.
Q: How did Mike Lindell get rich?
A: Mike Lindell founded and became CEO of the highly successful MyPillow in 2004. Aggressive marketing and TV infomercials helped boost MyPillow’s sales and profits, thus leading to Lindell’s immense fortune.
Q: What does Mike Lindell spend his money on?
A: Lindell spends his millions on luxuries like a private jet, expensive homes, luxury cars, charitable donations, and investments in conservative media platforms. He reportedly spent $25 million creating his “Frank” social network.