Mike Lindell's Net Worth (Updated 2022) | Wealthy Gorilla

Net Worth:	$0
Age:	64
Born:	June 28, 1961
Gender:	Male
Height:	1.78 m (5 ft 10 in)
Country of Origin:	United States of America
Source of Wealth:	Businessman
Last Updated:	Jan 6, 2026

Table of Contents

Toggle

• Introduction
• Net Worth History
• MyPillow
• 2020 Election Claims
• Dominion & Smartmatic Defamation Lawsuits
• Highlights

Introduction

Mike Lindell is an American entrepreneur and founder of My Pillow with an estimated net worth of $0.

Net Worth History

At the peak of MyPillow’s success, Mike Lindell was reportedly worth approximately $300 million. Following his 2020 election claims and numerous lawsuits, Mike Lindell’s wealth has tanked. In 2022, we reported his net worth at $50 million, but this was before the $1.3 billion judgment in MyPillow’s defamation lawsuit against Dominion and Smartmatic.

In 2024, Lindell told reporters he had just $10,000 in his personal bank accounts, but he still lived in his million-dollar home. Some sources currently place his net worth at a flat $0,

MyPillow

Although Mike Lindell had invested in several businesses before getting into the pillow business, none of them would reach the same heights. In 2004, Lindell established MyPillow, presenting a self-invented pillow design that utilized a patented filling material and could be manually adjusted by the user. Due to its functionality, machine-washability, and the fact that it was made in the United States, it didn’t take long for MyPillow to become successful. The company was also very effective in promotion, often offering aggressive discounts and coupons, which significantly aided growth.

Revenue Growth

By 2010, MyPillow’s annual revenues had reportedly reached $3 million, which at the time was typically generated from sales at mall kiosks and trade shows. Just two years later, a successful infomercial strategy boosted annual revenues to $102 million, marking the point at which Lindell’s net worth began to ramp up significantly. By 2018, the company’s yearly revenues reportedly fell somewhere between $280 million and $300 million, and they reached a peak of approximately $1 billion in 2020.

Decline & Downfall

In 2016, despite increasing revenues, MyPillow Inc. began suffering from numerous legal issues. That year, they were hit with a civil lawsuit, brought by ten district attorneys in California, for false advertising and misleading health claims. The company claimed that their products could treat medical conditions such as:

• Sleep Apnea
• Insomnia
• Migraines
• Fibromyalgia
• Acid Reflux
• Restless Leg Syndrome

MyPillow later settled the suit by paying just under $1 million in civil penalties and agreeing to stop making such medical claims. That same year, the company’s accreditation with the Better Business Bureau was revoked, and it was downgraded to an “F” rating.

Financial Issues

Over the past decade, since MyPillow’s civil lawsuit, the company has also been fined $1.1 million for sales tax issues and was recently sued by FedEx for $8.8 million in unpaid shipping fees. DHL also piled on, filing its own lawsuit for $775,000 in unpaid fees. MyPillow was placed on a 24-month payment plan with DHL, but it paid only $64,583 and later defaulted.

2020 Election Claims

Since the first couple of lawsuits occurred during MyPillow’s peak, and the most recent lawsuits occurred after the beginning of its decline, none of these issues were ultimately responsible for the business’ financial ruin.

That catalyst was, in fact, Mike Lindell’s claims that widespread voter fraud occurred during the 2020 United States presidential election. Lindell claimed that the voting machines were manipulated and that Donald Trump should have won by a landslide. He was adamant about proving his claim and reportedly spent as much as $50 million of his own money to produce documentaries and run media campaigns, including “Absolute Proof”, “Absolute Interference”, and “Scientific Proof”.

As a result, the demand for MyPillow products tanked, halving the company’s revenue in a single year. Many retail stores stopped selling MyPillow products, and by 2024, its annual revenues had reportedly dropped to just $5 million.

Dominion & Smartmatic Defamation Lawsuits

The final nail in the coffin came when Dominion Voting Systems & Smartmatic, the companies responsible for the electronic voting machines, filed a defamation lawsuit against Mike Lindell and MyPillow. They were awarded $1.3 billion in damages, and Lindell’s subsequent counterclaim was dismissed.

Highlights

Here are some of the best highlights of Mike Lindell’s career:

• My Pillow (2004)
• Frank Website (2021)
• Lindell Foundation
• Lindell Recovery Network