Mike Lindell Net Worth – $20 million
What is Mike Lindell’s net worth? Also, who is Mike Lindell’s wife?
Introduction
Mike Lindell is an American entrepreneur, author, businessman, and CEO of MyPillow, one of the most successful pillow companies in the US.
From his entrepreneurial endeavors to his personal and political interests, there’s a lot to tell about Lindell’s involvement.
Read on to learn about his early life, his business adventures, his relationships, and more.
The Origin Story
In 1961, Mike Lindell was born in Mankato, Minnesota.
Throughout his childhood, he was mostly raised in the Minnesota towns of Chaska and Carver.
He grew up in a trailer down the road from a pickle factory in Chaska.
Lindell always felt that he was never quite like the other kids, which made it hard to fit in.
Lindell learned from a young age that showing off was a decent way to get people to like him at all.
He would often partake in pretty daredevil-esque stunts, many of which got him almost dead. “Almost” only counts in horseshoes though, right?
Over the years, Lindell was known to jump from moving vehicles, once was trapped under an ice sheet after falling into a frozen lake, wrecked two motorcycles, was electrocuted, and went skydiving with a parachute that only partially opened.
Mike Lindell & Jeanine Pirro – © Guliver / Getty Images
Even Mike’s teen years showed signs of his addictive personality in the form of gambling.
Lindell started college at the University of Minnesota, but his studies were short-lived. He picked up the skill of counting cards at a part-time bartending job he had after dropping out of university.
In the 1980s, Mike’s twenties brought along with them a ravenous cocaine addiction.
By the time the ’90s and crack cocaine rolled around, he needed the stronger drug to feed his addiction.
All the years of drug use were accompanied by his long-standing gambling problem – so much so that his home was foreclosed on, and his wife filed for divorce.
Mike was at an all-time low.
He was addicted to several substances, owed numerous bookies tens of thousands in debts, and had a record of DUIs and theft.
The world showed him a little mercy in 1990 when he was offered ownership of a bar in Victoria, Minnesota, called “Schmitty’s Tavern.”
He used some gambling winnings to buy the place from a friend, and dove headfirst into the hospitality industry.
Lindell loved owning Schmitty’s. He was heavily involved in the day-to-day goings-on and was a fan favorite with all his patrons.
Sure, he was offering a place to drink, but more than that, he was offering community – a place for people to feel that they belonged. A place he never had as a boy or young man.
People who knew Mike in those days say he’d go on substance abuse binges for days on end, and that they always expected they’d find him dead sooner or later.
Mike says his time managing a bar taught him people-reading, marketing, and networking skills.
As of 2021, the bar is under a new name and new ownership, but lots of Mike’s friends still drink there.
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The Road To Success
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In 2009, Mike claims he found sobriety through the power of prayer.
He even went on to write a book titled “What Are the Odds? From Crack Addict to CEO” about his newfound relationship with God.
Just a few years earlier, in 2004, he had invented an industry-shaking pillow called the “My Pillow.”
He explained: ”I got up in the middle of the night – it was about 2 in the morning – and I had ‘My Pillow’ written everywhere in the kitchen and all over the house.”
He went on to grow the simple idea into the maverick manufacturer it is today.
In 2017, the Better Business Bureau retracted My Pillow’s rating and replaced it with an “F” as the result of many, many consumer complaints.
By 2021, many retailers stopped carrying My Pillow products, potentially due to Mike’s extreme and very public political stance on Trump losing his second presidential election.
Some retailers stated they only ceased to carry the product due to the fact that no one was buying them.
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Twitter Ban
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In January 2021, Twitter has permanently banned Lindell’s account due to “repeated violations” of its civic integrity policy.
Wife
Two marriages have come and gone in Mike Lindell’s life.
His first marriage, lasting 20 years, led to a bitter divorce after his addictions reached a new peak his wife couldn’t handle.
The marriage is survived by the children the two had in their time together.
In 2013, Mike Lindell married Dallas Yocum, an American businesswoman with an otherwise private life.
For unknown reasons, Dallas left Mike after only a few weeks.
The couple was married from June to mid-July, but she did sign a prenup.
At one point there was a rumor circulated by the Daily Mail that Lindell was seeing American actress Jane Krakowski for nearly a year in 2019-20, but both Mike and Jane denied this ever happening.
Mike was so bothered by the rumor that he sued Daily Mail for libel.
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Quotes
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”It’s been very good for business, but I just do what I’m supposed to do, what God’s called me to do.”
”I didn’t know anything about politics when I came out of crack addiction.”
”I don’t think addiction is a disease. I believe it manifests from childhood wounds and or trauma.”
”Find someone in that business that you can trust to mentor you, or at least to ask advice so you don’t waste time on things that don’t work.”
”We will all learn together how these machines work.”
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Trivia
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In 2013, My Pillow received its Q-Star Award by QVC for Product Concept of the Year.
In May 2018, his company broke the Guinness World Record for the world’s largest pillow fight.
On August 21, 2019, Mike was awarded an honorary Doctor of Business from Liberty University.
In March 2017, he produced a documentary about overcoming drug addiction and building his company.
Lindell is the founder of the Lindell Recovery Network and the Lindell Foundation.
In November 2020, Ricky Schroder and Mike helped pay for Kyle Rittenhouse’s $2 million bail. ”Special thanks to Actor Ricky Schroder @rickyshroder1 & Mike Lindell @realMikeLindell for putting us over the top,” said in a tweet attorney Lin Wood.
Other famous entrepreneurs are Alexander Gilkes and Naval Ravikant.
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Mike Lindell – Net Worth
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So, how much is Mike Lindell worth?
Lindell earned most of his wealth from founding and managing his company – MyPillow.
In 2018, it was reported that MyPillow spends around $1.5 million a week on commercials.
MyPillow has sold more than 41 million pillows worldwide.
In 2022, to keep his company going, Lindell had to take out a $10 million loan.
At the end of 2019, he released a book titled – ”What Are the Odds? From Crack Addict to CEO.” Mike revealed that the book is dedicated to those looking for a message of hope as well as to anyone struggling with addiction.
Lindell said that he was a drug addict (his habit cost him from $500 to $1,000 per week) for almost 3 decades.
Therefore, entrepreneur Mike Lindell has an estimated net worth of $20 million.
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