Mike Lindell's net worth: The rise and fall of the MyPillow founder's fortune
Mike Lindell is an American entrepreneur, political activist, and conspiracy theorist. He built MyPillow, a bedding company, from the ground up, but numerous legal battles, business issues, and financial setbacks have led to a decline in his business and earnings. As a result, Mike Lindell's net worth has dropped to an astonishing figure.
Source: UGC
TABLE OF CONTENTS
- Key takeaways
- Mike Lindell's profile summary
- What is Mike Lindell's net worth in 2025?
- Mike's lawsuit and settlement costs
- Mike Lindell's real estate assets
- Mike Lindell's private jet
- Who is Mike Lindell?
- Where does Mike Lindell live?
- What happened to Mike Lindell?
- How much is Mike Lindell worth?
- Why is Mike Lindell's net worth $0?
- Who is Mike Lindell's ex-wife?
- Who is Mike Lindell married to now?
- What is Mike Lindell's Dominion lawsuit?
- How much is a MyPillow cross?
- Facts about Mike Lindell's financial woes and lawsuits
Key takeaways
- Lindell went from a $60 million net worth to being millions of dollars in debt.
- Reports suggest he is $10 million in debt.
- His financial distress led to investors pulling out of his companies.
- Some of his affiliated companies filed for Chapter 11 bankruptcy protection.
Mike Lindell's profile summary
| Full name | Michael James Lindell |
| Nickname | MyPillow Guy, Mike Pillow |
| Gender | Male |
| Birthdate | 28 June 1961 |
| Age | 64 years old (as of 2025) |
| Zodiac sign | Cancer |
| Birthplace | Mankato, Minnesota, USA |
| Residence | Texas, USA |
| Nationality | American |
| Ethnicity | White |
| Religion | Christianity |
| Sexuality | Straight |
| Height | 5'10" (178 cm) |
| Weight | Estimated - 184 lbs. (84 kg) |
| Eye color | Blue |
| Hair color | Light Brown |
| Father | James Lindell |
| Mother | Shirley Lindell |
| Siblings | Three |
| Marital status | Married |
| Wife | Kendra Reeves |
| Daughters | Heather Lueth, Lizzy Meyers |
| Sons | Darren Lindell, Charlie Lindell |
| Ex-spouses | Karen Dickey and Dallas Yocum |
| High School | Mankato East High School |
| University | University of Minnesota |
| Profession | Businessman, political activist, and conspiracy theorist |
| Net worth | $0 |
| @michaeljlindell | |
| X (Twitter) | @realMikeLindell |
What is Mike Lindell's net worth in 2025?
According to Celebritynetworth, the businessman has an alleged net worth of $0. At his peak, Mike allegedly had a net worth of between $200 million and $300 million.
His company, MyPillow, grossed $110 million per year. He also claimed to be spending $1 million monthly at one point while trying to launch and maintain his social media app, Frank Social.
Is Mike Lindell's net worth on Forbes?
The outlet has yet to publish an article about his net worth as of June 2025. Nonetheless, Forbes reported on 6 October 2023 that the MyPillow CEO had admitted he and his company had no money to pay the lawyers representing him in the 2020 election-related defamation cases.
Source: Original
Why did Mike Lindell's net worth drop?
Lindell's net worth dropped due to his legal troubles, including his controversial electoral rigging claims and poor business performance.
According to Newsweek, Lindell's defamation lawsuits against voting machine companies Dominion and Smartmatic significantly drained his finances.
He spent over $40 million on efforts to overturn the 2020 election. In October 2023, Lindell admitted financial difficulties and called for donations from his supporters. He said in an interview with Lindell-TV:
We're actually doing really good other than the fact that I don't have any more money into the effort but I can certainly keep being the salesman soliciting funds to keep us moving, and we really need all of your help. We will get our elections secure.
What is Mike Lindell's annual income?
Given his recent financial struggles and legal battles, Lindell's income had significantly reduced compared to his peak financial years. His company, MyPillow, had an annual gross revenue of $5 million in 2023, a 95% drop from the $110 million the previous year.
MyPillow Inc.'s rise
Mike Lindell founded MyPillow in 2004 after inventing and patenting an open-cell, poly-foam pillow design. He built the business into a major Minnesota manufacturing company, largely through the use of television infomercials. MyPillow has sold over 41 million pillows, contributing significantly to Lindell's wealth.
MyPillow thrived, selling over 41 million pillows and increasing its staff from five to over 1,500 by 2017. In addition to selling beddings, MyPillow sponsored conservative political activities.
The company gained widespread attention through its direct marketing efforts, including infomercials and endorsements from influential figures.
MyPillow became a household name, known for its unique pillow design and Lindell's frequent advertisement appearances.
The company's success allowed Lindell to expand his product line to include mattresses, bed sheets, and other related products, further solidifying MyPillow's position in the bedding industry.
Source: UGC
Before MyPillow, Lindell had various small business ventures in the 1980s, including carpet cleaning, lunch wagons, and a few bars and restaurants in Minnesota.
However, it was the success of MyPillow that propelled him to significant wealth. The company started with five employees in 2004 and grew to 1,500 by 2017.
MyPillow Inc.'s fall
In 2017, the company received fines and multiple lawsuits related to misleading advertising. As a result, the Better Business Bureau revoked MyPillow, Inc.'s accreditation due to customer complaints, lowering its rating from an A+ to an F.
In late 2020, after the presidential election, major retailers like Walmart stopped carrying MyPillow products, citing low demand amid Lindell's controversial statements about rigging.
The retail boycott led to MyPillow company's net worth declining, with Mike indicating a loss of around $100 million in 2021.
In 2022, the founder disclosed that MyPillow had lost $7 million and that he borrowed $10 million to keep the company afloat.
In 2023, MyPillow auctioned off more than 700 pieces of company equipment due to declining business and lack of credit. In January 2024, Fox News stopped running MyPillow TV commercials, citing a payment dispute.
One month later, The New York Post reported that MyPillow's landlord in Shakopee, Minnesota, had evicted them from their warehouse after allegedly failing to pay over $200,000 in rent.
Mike's lawsuit and settlement costs
In 2021, Dominion Voting Systems filed a $1.3 billion defamation lawsuit against Lindell in the District of Columbia for alleging that their machines rigged the US 2020 presidential election.
In addition, voting machine company Smartmatic sued Mike Lindell for defamation. Due to the lawsuits and mounting legal expenses, Lindell's attorneys withdrew from his defamation cases, citing millions in unpaid fees.
The entrepreneur told CBS News in October 2023,
We're not able to pay — I can't borrow money to pay these attorneys. MyPillow can't pay because of what happened with lost sales. I have $10,000 to my name.
Source: UGC
In addition to the defamation cases, Mike faces a breach of contract lawsuit. In 2021, he offered a $5 million reward through Lindell Management to anyone who could prove his evidence that China rigged the 2020 US elections.
Lindell also wanted participants to demonstrate that the "packet captures" and other data he released "from the November 2020 election" were invalid.
The challenge was part of his "Prove Mike Wrong" contest, which was a central feature of a Cyber Symposium he hosted in August 2021.
A software engineer named Robert Zeidman took up the challenge and successfully showed that Lindell's data contained no information about the 2020 election.
Consequently, an arbitration panel ordered Lindell to pay Zeidman the $5 million reward, a ruling later affirmed by a federal judge.
Mike Lindell's real estate assets
Mike's real estate investments are unknown. He told NBC News, amid his financial woes in 2024, that all he had left was his pickup truck and the house he lives in but did not mention whether he owned or was renting the home.
Previously, Lindell owned a 5,400-square-foot luxury mansion in Chaska, Minnesota. He purchased the property in August 2016 for $745,000 and listed it for $1.1 million in September 2022. The businessman ultimately sold the property for $945,000 in December 2022.
Mike Lindell's private jet
Mike Lindell once owned a 1993 Dassault-Breguet Falcon 50 private jet, which he used for business and personal travel. According to The Independent, Lindell sold the plane in 2021 for $2.5 million to help fund his legal defence amid mounting legal troubles and financial strain.
Who is Mike Lindell?
Mike Lindell, also known as the "MyPillow Guy," is an American author, entrepreneur, and political activist. He is the founder and former CEO of MyPillow, Inc., which sells pillows and bedding products.
Source: UGC
Where does Mike Lindell live?
Mike Lindell, the founder of MyPillow, lives in Mankato, Minnesota. He is originally from Minnesota and has been a resident of Mankato for a significant period.
What happened to Mike Lindell?
In recent years, Mike Lindell has faced several financial challenges, including multiple defamation lawsuits. Major retailers like Walmart and Bed Bath & Beyond have dropped his product, MyPillow, partly due to his controversial claims about the 2020 election.
How much is Mike Lindell worth?
Mike Lindell's net worth is allegedly $0 in 2025.
Why is Mike Lindell's net worth $0?
Mike Lindell's net worth is zero due to multiple lawsuits, the loss of major retail partners, and substantial spending on ventures and legal fees.
Who is Mike Lindell's ex-wife?
Mike Lindell has two ex-wives. His first marriage to Karen Dickey lasted 20 years, while his second to Dallas Yocum began in June 2013 and ended in mid-July 2013.
While it is clear that Mike Lindell's wives were a part of his life during his rise to success, there is no evidence to suggest they directly contributed to his wealth in a way that significantly impacted his financial success. His business, MyPillow, was largely built on his own entrepreneurial drive and unique marketing approach.
Why did Mike Lindell's wife leave him?
Karen, his first wife and the mother of his four children filed for divorce when his addictions between the 1980s and 1990s led to the foreclosure of his house. Lindell became addicted to and a frequent user of coca*ine in his 20s.
Karen Dickey and Lindell's net worth suffered significantly when his addiction became worse after he switched to crack coca*ine in the 1990s. He was also incurring gam*bling debts.
His second wife, Dallas Yocum, reportedly complained to Lindell that being in Minnesota with him meant she could not see her family. He said that she told him:
I never loved you. You're boring. We don't have anything in common and you've ruined the last two years of my life.
Lindell also said:
She took the ring with her. The ring was worth a lot, so was the jewelry.
Who is Dallas Yocum married to?
It is unknown whether she remarried after leaving the popular MyPillow guy, Mike Lindell. Yocum left the limelight after their divorce.
Does the MyPillow guy have a wife?
The MyPillow CEO, Mike Lindell is on his third marriage. He married Kendra Reeves in a private wedding on 23 April 2023 in Chaska, Minnesota, USA.
Who is Mike Lindell married to now?
Mike Lindell's wife, Kendra Reeves, is an events planner and a former television producer based in the United States of America.
Where can you find Mike Lindell's new wife's photos?
You can find Kendra Reeves and Mike Lindell's pictures on reputable online stock image sources like Getty Images.
Source: Getty Images
What is Mike Lindell's Dominion lawsuit?
Mike is involved in a $1.3 billion defamation lawsuit with Dominion Voting Systems for spreading false claims about their voting machines being used to rig the 2020 election.
How much is a MyPillow cross?
Lindell is selling MyCross necklaces for $250 a pop. He told The Independent in January 2025 that he is offering the replica necklaces for sale because ‘everybody was asking for them,’ adding that they are ‘made in the USA.’
Facts about Mike Lindell's financial woes and lawsuits
- His company, MyPillow, faced a "cancel culture" primarily due to him claiming the 2020 presidential election was stolen.
- Major retailers like Walmart and Bed Bath & Beyond, along with shopping networks, also stopped selling MyPillow products.
- The company lost an estimated $100 million in revenue due to these actions.
- Mike was ordered to pay Eric Coomer, a former election security personnel at Dominion Voting Systems, $2.3 million in damages for falsely accusing him of aiding in rigging the 2020 election.
- He was also ordered to pay $5 million to Robert Zeidman, a man who won a contest challenging him to prove his claims about the 2020 election.
- Dominion Voting Systems and Smartmatic sued Lindell over the election claims, with Dominion seeking $1.3 billion in damages, while Smartmatic sought unspecified monetary damages.
- In a lawsuit not related to the US elections, MyPillow was ordered to pay nearly $778,000 to DHL for unpaid shipping bills and associated costs.
It is difficult to say definitively whether Mike Lindell's net worth will rise again. While his company, MyPillow, has seen significant success in the past and he has invested heavily in other ventures like FrankSpeech and FrankSocial, he has also faced financial setbacks and legal challenges. His net worth is likely to fluctuate based on the performance of these different ventures and his ability to manage his finances effectively.
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