MINNESOTAN Mike Lindell is the founder and CEO of the pillow manufacturing company MyPillow.
The 59-year-old American businessman and a self-made millionaire is also a vocal champion of former President Donald Trump.
What is CEO of My Pillow Mike Lindell’s net worth?
Mike Lindell – who pushed unfounded election fraud claims following President Joe Biden’ victory – is believed to have a net worth of about $300million.
His company – which began with only five employees – currently employs more than 1,500 people, according to Celebrity Net Worth.
Lindell’s first pillow was sold at a mall kiosk and his business kicked off six years after his first sale – with the help of his My Pillow informercial airing in 2011.
TrendCelebNow reported Lindell’s estimated net worth in 2020 to be approximately $1million to $5million.
Lindell’s net worth for 2019 is estimated by the website to be between $100,000 to $1million.
On February 22, Lindell told Business Insider that he expects to lose $65million in revenue this year, after retailers dropped his product after his bogus election claims.
“I lost 20 retailers, and it’s cost me $65 million this year that I won’t get back, OK?.
“There’s your story. Print it right. Don’t try and twist this,” he told the outlet.
When was MyPillow launched?
Lindell launched the pillow manufacturing company in 2004.
MyPillow – which is based in Chaska, Minnesota – has a patented open-cell, poly-foam design.
Lindell invented the MyPillow pillow after overcoming an addiction to crack cocaine.
Back in 2017, Lindell told CNBC: “I look back now, and I go, ‘The only way that we were able to do that was divine intervention.”
Lindell expanded his MyPillow product line to include beds, linens and pet beds and is friends with actor Stephen Baldwin, according to the news outlet.
How many children does he have?
Lindell shares four children with his ex-wife Karen Dickey – Heather Lueth, Lizzy Meyers, Darren Lindell, Charlie Lindell.
He married a second time to Dallas Yocum in 2013, but the pair later divorced one month after their wedding.
Rumors recently surfaced that the MyPillow boss was dating Jane Krakowski.
However, both Krakowski and Lindell have denied the rumors.
Why have some stores stopped selling MyPillow?
The prominent Trump ally faced a boycott of his products this month by major retailers after repeatedly claiming election fraud.
Lindell said several companies banned his products from their stores for supporting the president’s claims of vote rigging in the 2020 presidential election.
During an interview with Right Side Broadcasting Network’s Brian Glennon on Monday, Lindell said Bed Bath & Beyond, Kohl’s, H-E-B, and Wayfair are all dropping MyPillow.
Lindell claimed: “They’re trying to cancel me out.
“I just got off the phone with Bed Bath & Beyond. They’re dropping MyPillow.
“Just got off the phone not five minutes ago. Kohl’s, all these different places.”
Why was he permanently banned from Twitter?
Lindell’s Twitter account has been permanently banned by Twitter.
The new ban was enforced on February 1, over the My Pillow CEO’s baseless election fraud claims.
He was removed from the social media platform after “repeated violations” of Twitters civic integrity policy, a Twitter spokesperson stated.
It is unknown which exact Twitter posts prompted Lindell to be banned.
MyPillow’s logo was also prominently featured on TrumpMarch.com, a website that promoted the January 6 events in Washington, in which rioters stormed the Capitol.
However, Lindell – who has been to the White House – has revealed he doesn’t regret his election claims or his support of Trump, who he said he first met in 2016.
View more information: https://www.the-sun.com/news/2211151/what-is-mypillow-mike-lindells-net-worth/