Mike Lindell’s net worth is $174 million US dollars. He earns an annual income of over $32 million dollars from his successful business ventures and investments. Mike Lindell is an American businessman, conservative political activist, and conspiracy theorist who owns several cars and properties. In this article, we will discuss more details about his wealth and assets.
Mike Lindell Net Worth
Mike Lindell has a net worth of $174 million US dollars, and his company, MyPillow, generates over $30 million in revenue annually.
|Profession||Businessman, Political Activist, Conspiracy Theorist|
|Net worth||$174 million USD|
|Salary (monthly)||Not Known|
|Salary (yearly)||$30 million + (through MyPillow)|
|Taxes Paid||$7 million|
|Last Updated||March 2023|
Mike Lindell Assets
Mike Lindell possesses 13 real estate properties, 9 cars, and 4 luxury yachts. He also holds cash reserves exceeding $50 million and an investment portfolio of 15 stocks worth $25 million. Some of his stocks are listed below.
- Wells Fargo
Real Estate Properties: Mike Lindell currently resides in a luxurious mansion in Minnesota, spanning 21,000 square feet, which he acquired for $40 million USD. Its present value exceeds $58 million.
Car Collection: Mike Lindell devotes a considerable amount of his riches to procure extravagant automobiles. He has recently acquired a Bentley Flying Spur for $760,000 USD. Some of Mike Lindell’s other vehicles are listed below.
- Lincoln Navigator
- Range Rover Velar
- Lexus ES
- Mercedes-Benz C-Class
- BMW X8
- Audi A6
- Ferrari Portofino
Net Worth Growth of Mike Lindell
|Net Worth in 2023||$174 million USD|
|Net Worth in 2022||$170 million USD|
|Net Worth in 2021||$162 million USD|
|Net Worth in 2020||$155 million USD|
|Net Worth in 2019||$139 million USD|
|Net Worth in 2018||$130 million USD|
About Mike Lindell
Mike Lindell was born in 1961 in Mankato, Minnesota. He grew up in Carver and Chaska, Minnesota. Lindell began struggling with gambling addiction in his teenage years. After finishing high school, he attended the University of Minnesota but dropped out only a few months later. In his 20s, Lindell became addicted to cocaine and later switched to crack cocaine during the 1990s. His addiction issues caused him to accumulate gambling debts and eventually led to the foreclosure of his home, as well as his divorce. In 2009, Lindell credits his recovery from addiction to prayer.
Mike Lindell Career
During the 1980s, Lindell started and managed multiple small enterprises, such as carpet cleaning, lunch wagons, and some bars and restaurants in Carver County, Minnesota.
Mike Lindell invented My Pillow, a pillow filled with interlocking shredded foam, in 2004. He turned it into a manufacturing company in Minnesota.
In 2017, the Better Business Bureau (BBB) revoked My Pillow’s accreditation and gave it an F rating due to consumer complaints about a buy-one-get-one-free offer that became a continuous offer. Lindell expressed disappointment with the BBB’s decision.
In 2020, Lindell named his son Darren as the company’s chief operating officer, possibly because of his own political ambitions. In 2021, some major retailers stopped carrying My Pillow products, which Lindell attributed to his claims about the 2020 U.S. presidential election results. However, Kohl’s and Bed Bath & Beyond cited market research and low customer demand as the reasons for discontinuing the product.
Lindell runs two websites, Frank and FrankSocial, which offer video streaming and a social network, respectively. In March 2021, he announced plans for a social media platform called Vocl, which he compared to a combination of YouTube and Twitter. However, he later changed the name to Frank after a dispute with another company. Frank launched on April 19, 2021, but experienced technical difficulties that Lindell attributed to a “massive attack”. The site does not include social networking features and primarily offers embedded video streams, including a controversial video promoting conspiracy theories about the 2020 presidential election.
Lindell has invested millions of dollars into Frank’s development. According to leaked invoices, he spent nearly $1 million on hardware, labor, and services to launch the platform. However, some critics have suggested that Lindell may be overspending on various products and ventures, including Frank. Lindell himself has stated that he is spending over $1 million per month on the platform as of March 2022.
In April 2022, Lindell launched FrankSocial, a social networking site with a basic news feed and no messaging function. It has been compared to Facebook’s design in 2012.
Lindell donated to various organizations such as the Salvation Army and Union Gospel Mission during the early stages of My Pillow.
He later established the Lindell Foundation, a non-profit that supports former addicts in obtaining treatment and other services, with a focus on extending help to cancer victims and veterans. Lindell initiated the Lindell Recovery Network in 2019 to link substance abusers with individuals who have overcome drug addiction and the recovery process. Additionally, the network connects individuals with faith-based treatment facilities and other recovery organizations.