What is Mike Lindell Net Worth 2025: How Much Has He Lost?

Mike Lindell, the founder of My Pillow, was once a multi-millionaire with a thriving business.

However, legal troubles, declining sales, and failed ventures have significantly impacted his fortune. His strong political stance led to major retailers cutting ties with his brand, causing a financial downturn.

But how did he build his wealth, and what challenges did he face? Let’s take a deep dive into Mike Lindell’s financial journey.

Mike Lindell Quick Facts

What is the Net Worth Of Mike Lindell in 2025?

Mike Lindell’s net worth in 2025 is estimated to be $0, a staggering fall from his peak fortune of $200–$300 million.

His financial struggles stem from declining My Pillow sales, legal battles, and personal expenditures on political campaigns and lawsuits.

His company once generated $110 million per year, but in 2023, revenue dropped to $5 million after retailers like Walmart and Bed Bath & Beyond stopped selling his products.

Unlike wealthy entrepreneurs in the same industry, Lindell’s financial status is now a cautionary tale. While some business leaders recover from setbacks, Lindell’s persistent legal troubles continue to drain his assets.

Related Figures in His Field:

• Donald Trump
• Dominion Voting Systems executives
• Bed Bath & Beyond leadership
• Walmart executives
• Frank Speech investors
• My Pillow competitors
• Smartmatic executives
• Republican National Committee officials
• Legal advisors in election lawsuits

For a list of high-profile millionaires and billionaires, check out some of the richest celebrities.

Mike Lindell Wealth, Salary, and Financial Overview

How Did He Build His Wealth?

Mike Lindell’s journey began in the 1980s with various small businesses, including bars, restaurants, and a carpet-cleaning company.

In 2004, he invented My Pillow, a unique shredded-foam pillow. The brand gained popularity through infomercials, and by 2016, the company was making $280 million annually.

Retail partnerships with Walmart, Kohl’s, and Bed Bath & Beyond fueled the business’s success. However, his financial decisions, including funding political campaigns and launching media ventures, would later contribute to his downfall.

What Are His Main Sources of Income?

At his peak, Lindell’s income streams included:

• My Pillow product sales – once sold in major retailers
• Direct marketing and infomercials – driving massive sales
• Frank Speech and Frank Social – an alternative media venture
• Political sponsorships and engagements – appearing at rallies
• Investments in alternative medical treatments – promoting oleandrin as a COVID-19 cure

However, since 2021, most of these revenue streams have dried up, leaving him financially unstable.

How Has His Financial Status Changed Over Time?

Between 2016 and 2017, Lindell was worth over $200 million. His company thrived, and he expanded his influence. But things started changing after he became heavily involved in election fraud conspiracy theories.

By 2022, My Pillow had lost its biggest retail partners, forcing the company to sublease warehouses and auction off equipment. He admitted in March 2023 that he had borrowed $10 million to keep the business afloat.

How Much Has He Lost Due to Legal Battles?

Legal troubles have played a major role in Lindell’s financial downfall. The biggest blow came from:

• Dominion Voting Systems’ $1.3 billion defamation lawsuit
• Smartmatic’s lawsuit, reducing his financial standing
• Failure to pay a $5 million “Prove Mike Wrong” challenge
• Millions spent on legal fees defending election fraud claims

By late 2023, Lindell’s lawyers withdrew from his cases because he couldn’t afford to pay them.

How Has His Business Been Affected by Retailers Dropping Products?

Retailers began pulling My Pillow products in early 2021, shortly after Lindell promoted election fraud claims. Stores like Walmart, Kohl’s, and Bed Bath & Beyond severed ties, citing underperformance.

This led to a 95% drop in My Pillow’s revenue, from $110 million annually to just $5 million in 2023. Lindell blamed political persecution, but companies stated it was simply a business decision.

Has He Faced Financial Difficulties or Bankruptcy?

Lindell admitted in October 2023 that he had “lost everything.” Though he hasn’t declared bankruptcy, financial reports indicate that he:

• Sold a Minnesota mansion for $945,000 in 2022
• Liquidated assets, including private jets
• Borrowed millions to keep My Pillow running

His bank accounts have also faced scrutiny, with Minnesota Bank & Trust dropping him as a client due to “reputational risk.”

What Assets Has He Sold or Retained?

With dwindling financial reserves, Lindell has offloaded:

• A commercial building in Savage, Minnesota
• A private jet, valued between $1.5–$3.5 million
• His personal residence in Chaska, Minnesota

Despite this, he continues to operate My Pillow, although the business’s future remains uncertain.

What Is the Future of His Financial Situation?

Lindell remains defiant, still pushing his political agenda while trying to keep My Pillow afloat. However, unless he can reverse revenue losses, settle lawsuits, and regain retail partnerships, his financial recovery seems unlikely.

Conclusion

Mike Lindell’s net worth has taken a drastic hit, going from hundreds of millions to virtually nothing.

His legal battles, poor investments, and declining business revenue have left him in financial turmoil. Will he bounce back? Share your thoughts below or explore more celebrity finance stories on Pennbook.