Mike Lindell Net Worth 2024 – From Crack Addict to My Pillow CEO

Mike Lindell, the face behind the ubiquitous “My Pillow” infomercials, has led a life defined by both entrepreneurial success and significant controversy. If you are particularly inclined towards rags to riches stories, Lindell’s life deserves a shoutout in that regard.

From his experiences with the shortcomings in his life to the kind of wins that he has managed to acquire along the way, Mike Lindell is one of those names that you genuinely want to pay close attention to.

To give you an objective idea about Mike Lindell’s net worth and his career and struggles, we have all the details lined up for you.

Early Life

Mike Lindell was born on June 28, 1961. He was born in Mankato, Minnesota into a reputed and social middle-class family. Despite the grounding that Mike had as a child, it wasn’t enough to keep him on the right track.

Despite being born in Mankato, Mike and his family moved quite a lot and he was raised in Carver and Chaska, both of which are towns in Minnesota. He acquired his school education from the local public schools but didn’t have the most fruitful childhood.

There are reports that Mike got into gambling quite early on in his life, especially during his teenage years. However, he did it so stealthily that none of his family was aware of what he was up to. After completing his high school education, Mike’s parents enrolled him at the University of Minnesota but he decided to ditch college a few months in.

The majority of his early 20s was spent being addicted to drugs, including stronger items like cocaine. His abuse was also meddled with gambling debts, which led to his downfall.

Career

Lindell’s turning point came in 2004 when he embraced Christianity and entered a rehabilitation program. Following his recovery, he founded My Pillow, a company specializing in memory foam pillows. 

Starting with local fairs and small stores, Lindell leveraged his charisma and direct marketing skills to turn My Pillow into a national phenomenon. The company’s signature infomercials, featuring Lindell himself, became ubiquitous, catapulting him to national recognition as “The My Pillow Guy.”

My Pillow grew exponentially under Lindell’s leadership, generating millions in revenue and employing thousands. 

Additionally, Lindell’s outspoken support for former President Donald Trump and his promotion of unproven claims of election fraud in 2020 alienated some customers and led to criticism from various media outlets.

Personal Life

Lindell has been married four times and has four children. He openly discusses his past struggles with addiction and credits his faith with his turnaround. He also does a lot of charity and philanthropy, particularly supporting addiction recovery programs and Christian ministries.

Net Worth

During the peak of his career, Mike Lindell’s net worth was estimated to be around $200-$300 million. However, current reports suggest that his net worth is roughly around $30-$40 million. It could be lesser or more as well but we don’t have any clear insight about his investments and the current financial state.

FAQs

1. Has Mike Lindell’s net worth changed recently?

Yes, there’s been a decline in his net worth. After supporting Donald Trump and making controversial claims about the 2020 election, several major retailers stopped carrying My Pillow products. This impacted the company’s sales and, consequently, Lindell’s net worth.

2. Has Mike Lindell been involved in any controversies?

Yes, Lindell has been involved in numerous controversies due to his political statements and allegations of election fraud. These controversies have impacted his business and reputation.

3. How successful is MyPillow?

MyPillow was highly successful for several years, generating substantial revenue. However, it has faced challenges due to controversies surrounding Lindell and the company being dropped by major retailers.