Mike Lindell Net Worth: His Losses in President Election!

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Mike Lindell is an American businessman, CEO, and author who has accumulated a net worth of $50 million throughout his career. Lindell is probably best known for founding and developing the company that bears his name, My Pillow. Additionally, he is well-known for being a vocal supporter of Donald Trump, and he has participated in Trump’s efforts to overturn the presidential election in 2020 by providing financial support and spreading conspiracy theories.

He is also known for being a vocal supporter of the alt-right movement. Mike Lindell established the non-profit organization known as the Lindell Foundation in 2012 to assist drug addicts in obtaining treatment. In 2019, he launched the Lindell Recovery Network with the mission of “assisting struggling addicts in discovering hope, restoration, and the love of Jesus.”

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Mike is the one who wrote the book “How High Are the Stakes? In 2019, he directed, produced, and starred in the documentary “From Crack Addict to CEO,” and in 2021, he directed, produced, and starred in the documentary “Absolute Proof.” “to make an effort to demonstrate that Trump was victorious in the 2020 election. The video was taken down from YouTube and Vimeo just a few hours after it was live-streamed on the One America News Network website because fact-checkers found it to include “debunked, unsubstantiated allegations.”

Early life

Michael James Lindell was born on June 28th, 1961 in the city of Mankato, Minnesota. Mike Lindell is the son of Michael James Lindell. He spent his childhood in Carver and Chaska, both located in Minnesota, and he got his start in the gaming industry when he was a youngster. Mike went on to enroll in the University of Minnesota after graduating from high school; however, he left the university after only a few short months of attendance.

Mike Lindell Net Worth

 

When Lindell was in his twenties, he started abusing cocaine, and when he was in his nineties, he started abusing crack. His addiction to drugs and his gambling problems caused his first wife to file for divorce, which ultimately resulted in the foreclosure of his home. An intervention was necessary for 2008 due to the severity of Mike’s drug addiction, which was caused by his crack dealers. According to Lindell, “They were three of the most successful merchants in the cities.

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They said that I had been awake for 19 days in a row without stopping. They would not do business with me again, so I had to find another vendor. One of them pretended to be my babysitter and tried to put me to bed until I went asleep.” Mike has stated that prayer was important in his recovery in 2009, helping him to stay sober.

career

After graduating from high school, Mike opened a bar and a carpet cleaning business in Minnesota in the 1980s before moving on to bigger things. In 2004, he came up with the My Pillow pillow, which he sold at trade exhibitions, mall kiosks, and state fairs for the next five years. In 2009, he founded My Pillow, Inc., and in 2011, following the release of its first infomercial, the business took off.

The production of the 30-minute show cost $500,000, and it was shown 200 times a day on average. The infomercial, according to Lindell, is a waste of time “It quickly rose to prominence as the world’s most popular infomercial. We went from five employees to 500 in just 40 days.” As of this writing, the company has sold over 50 million pillows and employs more than 1,600 people, with annual revenues estimated to be as high as $280 million. Due to customer complaints, the Better Business Bureau removed My Pillow, Inc.’s accreditation in 2017 and downgraded its rating to an F.Mike Lindell Net Worth

Many merchants stopped selling My Pillow products in 2021 after Mike’s son Darren was named CEO 2020. A spokesman for Bed Bath & Beyond said that My Pillow was one of many “underperforming items and brands” that the business decided to withdraw due to Lindell’s claims of voter fraud in the 2020 election.

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When Mike announced his plans to establish Vocal in March 2021, many assumed it would be some sort of hybrid of Twitter and YouTube. This prediction proved to be correct. Because of a conflict with a corporation called Vocal, he later changed his name to Frank. In April 2021, Lindell launched Frank after a four-year development process that was plagued by several issues.

The net worth of Mike Lindell

In the course of his career, Mike Lindell has built up a net worth of $50 million. My Pillow was founded and developed by Lindell, and he is probably best recognized for that. Since Trump’s election victory in November 2016, Trump’s supporters have known him to be an outspoken Trump supporter, and he has contributed financially and promoted conspiracy theories to help Trump win the 2020 election.

personal life

In 1987, Mike married Karen Dickey, and they have four children, Lizzy, Heather and Darren, and Charlie, as well as two grandchildren. Mike married Dallas Yocum on June 8, 2013, after Lindell and Dickey split following two decades of marriage. Following Yocum’s departure, Lindell filed for divorce.Mike Lindell Net Worth

The “Daily Mail” reported in early 2021 that Mike had a nine-month romance with actress Jane Krakowski at the end of 2019. In response to the claim, Krakowski’s lawyer said, “Jane has never had the opportunity to meet Mr. Lindell in person. She has never had a romantic relationship with him, and she has never had a relationship of any kind with him.” Despite Lindell’s denials, he sued the publisher.

During an interview on “The Domenick Nati Show” in March 2021, Mike said that he had been residing in an unknown place owing to safety worries. He made the statement “The last time I returned to Minnesota was two months ago; anyone seeking for me should know that I haven’t been there in that time. I’m not allowed to return.”

Mike Lindell Losses

Many retail stores removed Mike’s pillows off their shelves following his public rants over the election. MyPillow’s sales fell by $80 million as a result of this decision.

Mike Lindell told CNBC in December 2021 that he spent $25 million of his own money between November 2020 and December 2021 trying to prove that Donald Trump’s election had been rigged.

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