Mike Lindell Net Worth Revealed: MyPillow CEO's $1000 Weekly Reality

Mike Lindell's net worth has crashed from $60 million to basically nothing. The MyPillow CEO now survives on just $1,000 weekly. His story stands out as one of the most dramatic financial collapses in recent business history.

The MyPillow founder's journey from success to struggle is stark. His company once brought in $300 million yearly, but now he claims he doesn't "have $5,000 or five cents". Reports show Lindell drowning in debt, and his company owes the IRS over $70 million.

MyPillow's business has taken a massive hit too. The company's yearly revenue dropped by 95%, falling from $110 million to a mere $5 million in 2023. While Lindell faces these money troubles, he has managed to raise about $362,000 in his fight against what he calls "lawfare."

Mike Lindell’s Net Worth in 2025: The $0 Reality

Mike Lindell's financial collapse shows how far the MyPillow founder has fallen. The man who once led a thriving business empire now barely scrapes by—a dramatic shift from his previous lifestyle.

How much is Mike Lindell worth today?

Mike Lindell's net worth in 2025 paints a grim picture: zero. The MyPillow CEO's previous fortune of $60 million has vanished completely. "I don't have $5,000 or five cents," Lindell revealed in recent interviews. His words reflect just how far he's fallen financially.

Money experts who've watched Lindell's downward spiral say his wealth disappeared into a black hole of legal fees, business losses, and court payments. His story has changed from a success story that inspired many to a warning about how quickly money can slip away.

What led to the $1000/week lifestyle?

Several factors pushed Lindell into his current financial squeeze:

1. Business revenue collapse: MyPillow's yearly earnings crashed by 95%, dropping from $110 million to just $5 million in 2023. This massive drop cut off Lindell's main source of money.
2. Massive debt accumulation: Lindell and his company now owe the IRS more than $70 million. This doesn't even count what he owes other creditors and courts.
3. Court-mandated restrictions: Legal battles forced courts to put Lindell on a strict budget. He now gets $1,000 per week—barely enough for simple living expenses.

Is Mike Lindell bankrupt or broke?

Lindell hasn't filed for personal bankruptcy, but he's definitely broke. The difference between these terms matters less each day. He can't pay his debts, even though he hasn't officially declared bankruptcy.

MyPillow itself faces serious money troubles. The company sells off assets just to pay its debts. This business that once brought in $300 million yearly now runs on fumes, with fewer workers, less production, and almost no presence in stores.

Lindell tried to exploit his money problems by asking supporters for help. He managed to raise $362,000, but all the same, this money barely dents his massive debts and ongoing legal costs.

The Rise and Peak of MyPillow

Mike Lindell built MyPillow from scratch into a multimillion-dollar empire before his financial downfall. His story shows a remarkable transformation from a simple dream to a business that generated nearly $300 million yearly. This stands in stark contrast to his current money troubles.

How MyPillow started and grew

A dream in 2004 gave Lindell the idea for MyPillow. He had sleep problems throughout his life. The next year was spent with his son testing different foam combinations until they created their patented design using various foam chunk sizes.

The business faced early setbacks. Big retailers said no to his product. He started selling at a mall kiosk and moved just 80 pillows in his first month. His luck changed after a customer who managed the Minneapolis Home & Garden Show gave him exhibition space. He sold every pillow he brought.

The Minneapolis Star Tribune ran a human interest story in 2011 that changed everything. MyPillow received more orders in one day than the last six months combined. This pushed Lindell to put $500,000 into making an infomercial. The results were amazing – the company grew from 5 to 500 employees in just 40 days.

Revenue milestones and product expansion

MyPillow's growth numbers tell an impressive story. The company's revenue jumped from $3 million to $102 million between 2010 and 2012. This is a big deal as it means that by 2017, yearly revenues hit $280 million. The company's value reached between $300-350 million.

MyPillow grew beyond pillows to include mattresses, mattress toppers, Giza cotton sheets, towels, and pet beds. By 2017, the company had 17 retail stores in five states. They also went international with a UK branch that included manufacturing in Coventry.

Lindell's role in the brand's success

Lindell's personal touch was vital to MyPillow's success. He chose to appear in his own infomercials instead of hiring actors. This created a real connection with customers. His unscripted, genuine style appealed to Baby Boomers.

Lindell's marketing expertise drove the company's growth. During peak times, he spent about $1 million weekly on advertising. His infomercials played around 200 times each day. This bold strategy helped sell more than 41 million pillows, making MyPillow a well-known brand across America.

The Fall: Lawsuits, Retailer Dropouts, and Financial Collapse

Mike Lindell's financial empire crumbled due to a series of legal battles that drained his fortune. His business decisions and public statements have torn apart his wealth since 2021.

Defamation lawsuits from Dominion and Smartmatic

Dominion Voting Systems hit Lindell with a massive $1.3 billion defamation lawsuit in February 2021. The company claimed he made false accusations about them rigging the 2020 election. Smartmatic followed suit and filed their own case against him in January 2022.

These legal battles got pricey. The court held Lindell in contempt when he failed to provide discovery documents. His lawyers eventually walked away because of millions in unpaid legal fees.

Retailers dropping MyPillow products

Major retailers cut ties with MyPillow after Lindell made election claims:

• Bed Bath & Beyond and Kohl's dropped the brand in 2021
• Wayfair and HEB supermarket chain pulled products
• Walmart, a vital retail partner, stopped selling MyPillow

This retail exodus cost MyPillow "$100 million from attacks by the box stores," according to Lindell.

Auctioning assets and downsizing operations

MyPillow put over 850 pieces of equipment up for auction on K-Bid. The sale included sewing machines, forklifts, and office furniture. Many items sold at rock-bottom prices – some conveyors went for just $6 each. The company also cut its workforce and manufacturing space dramatically.

Legal fees and unpaid debts

Legal expenses sped up Lindell's downfall. He owes millions to his former attorneys. A software engineer who disproved his election fraud claims won a $5 million judgment against him.

IRS and FedEx lawsuits

FedEx sued MyPillow for $8.8 million in unpaid shipping fees. Lindell told the court he faces $70 million in combined debt with ongoing IRS garnishments. This leaves him with just $1,000 weekly to live on.

How Lindell Is Coping: Fundraisers, Appeals, and Public Pleas

Mike Lindell stands on the brink of financial collapse. The MyPillow CEO now depends on his supporters' donations to keep fighting legal battles and maintain his lifestyle. His wealth has vanished.

Using promo codes and product sales to raise funds

Lindell's financial troubles pushed him to get creative with sales tactics. His defamation trial became a marketing opportunity. He reached out to his social media followers to support

MyPillow with a special "JURY" promo code that offered a free Multi-Use MyPillow 2.0 with any purchase. MyPillow prices dropped significantly with some items selling at 60 percent below regular prices through promo codes. The Men's Moccasin MySlippers price plummeted from $139.98 to $49.98 with a code.

The Mike Lindell Legal Defense Fund

Lindell created several ways to raise money. His Legal Defense Fund asks for donations between $10 and $1,000. He released a video plea saying, "I urgently need your financial support to cover the massive expenses" of his trials. These efforts brought in about $362,000. The amount seems tiny compared to his $70 million debt.

Public statements and emotional court appearances

The courtroom became a stage for Lindell's emotional pleas. He broke down in tears before a judge and said: "I borrowed everything I can. Nobody will lend me any money anymore… I don't have any money". He paints himself as a target of "lawfare" and claims these lawsuits aim to silence him.

Attempts to appeal and future legal battles

A rare bright spot emerged for Lindell in July. A federal appeals court threw out a $5 million judgment against him. He took to his LindellTV network and called this ruling "a miracle" and "righteous." The victory became another opportunity to ask supporters for more donations.

Conclusion

Mike Lindell's financial collapse stands out as one of the most dramatic downfalls in recent business history. The MyPillow CEO once had a $60 million fortune but now lives on just $1,000 per week—his lifestyle has shrunk by 99.9%.

His story from successful businessman to financial disaster shows how quickly money can disappear. He built MyPillow into a $300 million business with great products and aggressive marketing. But his empire fell apart for several reasons.

His controversial political statements led to huge defamation lawsuits from Dominion Voting Systems and Smartmatic that racked up massive legal bills. On top of that, big retailers like Walmart, Bed Bath & Beyond, and Kohl's cut ties with MyPillow. Sales dropped by 95%.

The money problems hit hard. MyPillow now owes around $70 million to the IRS, and Lindell says he doesn't "have $5,000 or five cents." His company now sells off equipment—sometimes at rock-bottom prices like $6 for conveyor systems—and has cut back operations drastically.

Lindell tried to make use of his situation through fundraising, which brought in about $362,000, but that's nowhere near enough to cover his huge debt. Even with some wins in court, like getting a $5 million judgment overturned, his financial future looks grim.

Mike Lindell's story shows that business success needs more than just being good at selling things. His rise showed his talent for marketing and product development, while his fall proves how personal choices can wreck a business. His story is a great way to get lessons about managing a brand, checking risks, and finding the right balance between personal beliefs and business success.

FAQs

Q1. What is Mike Lindell's current net worth?

Mike Lindell's net worth has plummeted to effectively zero. He now claims he doesn't have even $5,000 to his name, a stark contrast to his former $60 million fortune.

Q2. How did Mike Lindell's financial situation deteriorate so drastically?

Lindell's financial collapse resulted from a combination of factors, including massive defamation lawsuits, major retailers dropping MyPillow products, and a significant decline in company revenue. These issues led to mounting legal fees and substantial debt.

Q3. Is MyPillow still in business?

While MyPillow is still operating, it's a shadow of its former self. The company's annual revenue has dropped by 95%, from $110 million to just $5 million in 2023. They've also had to auction off equipment and downsize operations significantly.

Q4. How is Mike Lindell managing his current financial situation?

Lindell is living on a court-mandated allowance of $1,000 per week. He's also attempting to raise funds through product sales with promotional codes, establishing a legal defense fund, and making public appeals for donations from supporters.

Q5. What lessons can entrepreneurs learn from Mike Lindell's story?

Lindell's story demonstrates how quickly business success can unravel due to personal decisions. It highlights the importance of brand management, risk assessment, and maintaining a balance between personal beliefs and business interests in entrepreneurship.