MyPillow CEO Mike Lindell Net Worth 2024 (Forbes) and Assets

Mike Lindell is the CEO and founder of MyPillow, a popular pillow manufacturing company. He’s known for his rags-to-riches story and his transition from entrepreneur to political activist. Lindell’s journey has been marked by both significant success and notable controversies, making him a familiar face in American business and politics.

Ever wondered how a pillow salesman became a millionaire and a household name? Mike Lindell’s story is full of twists and turns. From battling addiction to inventing a revolutionary pillow, his life reads like a movie script. But what’s the real story behind his wealth and fame?

As of 2024, Forbes estimates Mike Lindell’s net worth at $28 million, a significant drop from previous years. His assets include real estate, luxury cars, and investments in various stocks.

Despite recent financial challenges, Lindell’s MyPillow company continues to generate substantial revenue. His wealth and assets remain a topic of interest and speculation among business observers and the general public.

Mike Lindell Net Worth

As of 2024, Mike Lindell’s net worth is estimated to be around $28 Million, according to Forbes. This figure represents a significant drop from his peak wealth, which was once reported to be over $300 million. Lindell’s fortune is closely tied to the success of MyPillow, the company he founded in 2004.

Despite recent challenges, MyPillow continues to be a major player in the bedding industry, with annual revenues reportedly exceeding $300 Million. The fluctuations in Lindell’s wealth reflect the volatile nature of his business and personal life.

While MyPillow’s success initially catapulted him to millionaire status, recent legal battles and boycotts have taken a toll on his finances. Nevertheless, Lindell remains a prominent figure in both business and political circles, with his net worth still placing him among America’s wealthy entrepreneurs.

‎Drop in Net Worth

In recent years, Mike Lindell’s net worth has taken a significant hit. This decline can be attributed to several factors, including legal challenges and business setbacks. Lindell has been embroiled in numerous lawsuits related to his claims about the 2020 U.S. presidential election, which have resulted in substantial legal fees and damage to the MyPillow brand.

The impact on his business has been considerable. Many retailers have stopped carrying MyPillow products, leading to a drop in sales. In October 2023, Lindell himself claimed on his online show that he had “run out of money” personally and was unable to pay his legal fees.

This admission, coupled with the launch of a “Lindell Offense Fund” for donations, paints a picture of a man whose financial empire is under serious strain.

Mike Lindell Assets and Investments

Despite the recent downturn, Mike Lindell still maintains a significant portfolio of assets and investments. His holdings include 13 real estate properties, 19 cars, and 5 luxury yachts. Additionally, Lindell has a cash reserve reported to be over $50 Million and an investment portfolio of 15 stocks valued at $25 Million.

Among his stock investments are shares in major companies such as Walmart, Wells Fargo, Apple, ExxonMobil, Tesla, and Starbucks. This diversified portfolio suggests that while Lindell’s primary wealth comes from MyPillow, he has also sought to spread his investments across various sectors of the economy.

MikeLindell Car Collection

One of the more visible signs of Mike Lindell’s wealth is his impressive car collection. The MyPillow CEO is known for his love of luxury vehicles, with a collection that includes 19 high-end cars. Among the standouts in his garage is a Bentley Flying Spur, which he reportedly purchased for $760,000.

Other notable vehicles in Lindell’s collection include a Lincoln Navigator, Range Rover Velar, Lexus ES, Mercedes-Benz C-Class, BMW X8, Audi A6, and a Ferrari Portofino.

This diverse array of automobiles reflects Lindell’s taste for both luxury and performance, spanning American, European, and Japanese brands. While some might see this collection as extravagant, for Lindell, it represents both a passion and a symbol of his success.

Mike Lindell House

Mike Lindell’s primary residence is a testament to his wealth and success. The MyPillow CEO lives in a sprawling 21,000-square-foot luxury mansion located in Minnesota. This impressive property was reportedly purchased by Lindell for $40 Million, though its current value is estimated to be over $58 Million.

The mansion is said to reflect Lindell’s admiration for Napoleon Bonaparte, featuring design elements inspired by the French emperor’s style.

While specific details about the home’s amenities aren’t publicly known, a property of this size and value likely includes numerous bedrooms, bathrooms, entertainment areas, and possibly features like a home theater, gym, and expansive grounds.

This residence stands as a physical representation of Lindell’s rise from a struggling entrepreneur to a multimillionaire business mogul.

Mike LindellNet Worth Growth

MikeLindell Social Media Accounts

In today’s digital age, social media presence can be a significant asset for public figures and entrepreneurs. Mike Lindell maintains an active presence on several social media platforms, using them to promote his business, share his political views, and connect with supporters.

On Instagram, Lindell has amassed almost 365,000 followers, providing a platform for sharing updates about MyPillow and his personal endeavors. His LinkedIn profile boasts nearly 167,000 followers, where he likely engages with business professionals and shares industry insights.

Interestingly, while many public figures maintain a presence on YouTube and Pinterest, Lindell’s activity on these platforms is not prominently mentioned, suggesting he may focus his social media efforts on other channels.

Facts

Mike Lindell’s life story is filled with intriguing facts that have contributed to his unique public persona. Born on June 28, 1961, in Mankato, Minnesota, Lindell’s journey to success was far from straightforward. Before founding MyPillow, he struggled with cocaine addiction, a challenge he overcame in 2009, which he often cites as a turning point in his life.

Lindell’s entrepreneurial spirit was evident from an early age. He started and ran several small businesses before hitting it big with MyPillow, including a carpet cleaning service and a lunch wagon business.

His invention of the MyPillow came from his own struggles with sleep and dissatisfaction with existing pillows on the market. This personal experience drove him to create a product that would eventually turn into a multimillion-dollar company.

Biography

Mike Lindell’s biography reads like a classic American rags-to-riches story, with some unique twists. Growing up in Minnesota, Lindell faced numerous challenges, including addiction issues that plagued him for years. Despite these obstacles, he managed to launch MyPillow in 2004, initially selling his pillows at trade shows, state fairs, and via a kiosk in a local mall.

The turning point for MyPillow came in 2011 when Lindell began using infomercials to market his product. This strategy proved incredibly successful, catapulting MyPillow into the national spotlight and driving sales to new heights.

As the company grew, so did Lindell’s public profile. He became known for his distinctive mustache and his enthusiastic pitches for MyPillow products. In recent years, Lindell has become increasingly involved in political activism, which has had both positive and negative impacts on his business and personal brand.

Mike Lindell Philanthropy

Despite the controversies surrounding him, Mike Lindell has been involved in various philanthropic efforts throughout his career. One of his most notable charitable initiatives is the Lindell Foundation, a non-profit organization he founded to assist individuals struggling with drug addiction. This cause is particularly close to Lindell’s heart, given his own history of substance abuse.

The Lindell Foundation aims to provide resources and support for addiction recovery, including funding for treatment programs and support services. Additionally, Lindell has made donations to other organizations, including the Salvation Army, particularly during the early days of MyPillow’s success.

While the exact extent of Lindell’s charitable giving is not publicly known, his philanthropic efforts form an important part of his public image, demonstrating a commitment to giving back to the community.

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Is MyPillow made in China?

No, MyPillow is not made in China. The company proudly markets its products as “Made in America,” with manufacturing facilities located in the United States. This commitment to domestic production has been a key part of MyPillow’s brand identity and marketing strategy.

How old is Mike Lindell?

Mike Lindell is 62 years old as of 2024. He was born on June 28, 1961, in Mankato, Minnesota, United States.

Where did Mike Lindell go to college?

Mike Lindell attended the University of Minnesota after high school. However, he dropped out after only a few months of study. Despite not completing a college degree, Lindell went on to achieve significant success as an entrepreneur.

What is my pillow company’s net worth?

The net worth of MyPillow as a company is estimated to be around $350 Million. This valuation takes into account the company’s assets, revenue streams, and market position. However, it’s important to note that private company valuations can be subject to fluctuation and may not always be publicly disclosed.

How much does my pillow make a year?

According to reports, MyPillow earns approximately $300 Million in revenue each year. This figure represents the company’s gross income before expenses and taxes. The company’s annual earnings have played a significant role in building Mike Lindell’s personal wealth over the years.

What is Mike Lindell height?

Mike Lindell stands at 6 feet 2 inches tall, which is equivalent to 1.88 meters. His height, combined with his distinctive mustache and energetic personality, contributes to his recognizable public image.

Final Thoughts

Mike Lindell’s journey from a struggling entrepreneur to the CEO of a multimillion-dollar company is a testament to the power of perseverance and innovation.

While recent years have seen challenges to both his personal wealth and business success, Lindell remains a significant figure in American business and politics.

His story serves as a fascinating case study in the intersection of entrepreneurship, media savvy, and political activism in modern America.