Mike Lindell Net Worth 2025: The Shocking Fall From MyPillow Millions

Mike Lindell's net worth has crashed to virtually nothing by 2025. The MyPillow CEO now faces millions in debt. His wealth peaked at an estimated $100-300 million, but during his June 2025 defamation trial, Lindell testified about his massive debt from mounting legal expenses.

The MyPillow founder's financial collapse tells a remarkable story. His company once brought in $300 million yearly revenue, but now Lindell survives on just $1,000 per week. His money troubles started right after the 2020 presidential election when he launched his voting fraud claims campaign.

Lindell openly admitted spending $25-50 million of his own money on these efforts. The situation became so dire that he confessed he doesn't "have $5,000 or five cents" and owes over $70 million in debt and back payments to the IRS.

Let's get into the complete story of Lindell's net worth collapse – from his rise as a successful entrepreneur to the chain of decisions and legal fights that left him financially ruined by 2025.

Mike Lindell's Net Worth in 2025: From Millions to Debt

Mike Lindell's story is a dramatic reversal of fortune. The MyPillow founder's wealth has crashed from an estimated $100-300 million to virtually nothing. His net worth sits at negative $70 million as of mid-2025, making it one of the most dramatic wealth reversals in recent business history.

How much is Mike Lindell worth today?

The answer to Mike Lindell's net worth is brutally simple – he's in the red. During the June 2025 defamation trial, Lindell testified that he doesn't "have $5,000 or five cents" left. This fall is staggering for a businessman whose company once brought in $300 million yearly at its peak.

The numbers tell a grim story. Lindell's debt exceeds $70 million in combined obligations and back payments to the Internal Revenue Service. His income has nosedived from millions each year to about $1,000 weekly—just $52,000 annually. That's nowhere near what he made as MyPillow's CEO.

His wealth ranged between $100-300 million during MyPillow's best days. Financial experts say his worth had dropped to about $50 million by early 2023. The next two years saw his remaining wealth disappear completely.

What caused the dramatic drop in his net worth?

His financial collapse stems from several connected factors. His strong support for Donald Trump and election fraud claims started a chain of financial disasters.

Major retailers dealt the first blow. Kohl's, Bed Bath & Beyond, and Wayfair cut ties with MyPillow after Lindell's controversial statements, which crushed the company's distribution network. His self-funded media project "Frank Speech" burned through millions without making much money back.

Legal battles delivered the knockout punch. Dominion Voting Systems sued him for $1.3 billion. An arbitration panel ordered him to pay software developer Robert Zeidman $5 million for disproving Lindell's election data claims. The June 2025 defamation verdict hit him with another $2.3 million in damages owed to former Dominion executive Eric Coomer.

Lindell admits he spent $25-50 million of his own money chasing election fraud claims. This investment brought zero returns while draining his savings.

Is Mike Lindell broke now?

Yes – Mike Lindell is flat broke. His sworn testimony shows he has no liquid assets and faces crushing debt. Court documents reveal his desperate measures to stay afloat:

• He lives on a $1,000 weekly allowance
• He runs crowdfunding campaigns on platforms like GiveSendGo
• He sells personal assets including properties and vehicles
• He restructures MyPillow's operations after losing major retail partners

The IRS problems make everything worse, as he owes huge back taxes. His chances of bouncing back look slim while MyPillow's revenue keeps falling and legal bills pile up.

A financial analyst summed it up: "Lost retail partnerships, personal spending on political causes, and massive legal judgments created a perfect storm that wiped out Lindell's pillow business wealth."

His financial future looks bleak as more legal battles loom, threatening what's left of his business empire.

The Rise of MyPillow: How Lindell Built His Fortune

Mike Lindell created an American success story with MyPillow before falling millions into debt. He transformed a simple dream into a multi-million dollar enterprise. His story from small-time entrepreneur to pillow magnate shows how quickly fortunes can both rise and fall.

The invention of MyPillow

Lindell claimed the idea for MyPillow came to him in a dream in 2004. Sleep problems had plagued him throughout his life, and he grew frustrated with pillows that lost their shape and caused neck pain.

He started experimenting with different foam combinations and spent nearly a year testing various prototypes. He worked with his son until they found a winning formula by combining differently-sized foam chunks that would interlock and maintain shape.

The original product used shredded foam pieces to create an adjustable, supportive pillow that stood out in the market. Lindell taught himself to sew to create his prototypes. He believed his design would change how people sleep.

Major retailers weren't interested. Big box stores rejected him, so Lindell opened a mall kiosk in December 2004. He sold only about 80 pillows in his first month. This modest start led to his first breakthrough when a customer connected him to the Minneapolis Home & Garden Show.

Infomercial success and retail expansion

Everything changed in 2011 when the Minneapolis StarTribune published a human-interest story about MyPillow. The media coverage sparked unprecedented sales—Lindell got more orders that day than in the previous six months combined.

Seeing media's potential, Lindell put $500,000 into producing his first infomercial, which launched on October 7, 2011. He chose to host it himself instead of hiring professional actors, creating an authentic, unscripted presentation. His bold move paid off—the 30-minute show aired about 200 times daily on local and national networks.

"It became the number one infomercial in the world. In 40 days, we went from five employees to 500," Lindell said about this explosive growth period. Annual sales jumped from $3 million to $102 million by 2012.

MyPillow opened its first retail store in Burnsville, Minnesota in 2012 and grew to 17 locations across the Midwest by 2017. The production facility in Shakopee expanded to 70,000 square feet and produced about 25,000 pillows daily.

Peak revenue and personal wealth

MyPillow generated between $280-300 million in annual revenue at its peak. The company's products became bestsellers at major retailers like Walmart, Bed Bath & Beyond, Kohl's, and Wayfair. MyPillow had sold over 30 million pillows by 2018.

The company's rapid growth boosted Lindell's personal wealth significantly. MyPillow's value reached approximately $500 million in 2017. This valuation, combined with his other assets, put Lindell's peak net worth between $200-300 million around 2016-2017.

Lindell invested $100 million in infomercial production and airtime over six years during this period. His marketing strategy worked well as the company grew to about 1,600 employees and sold 50 million pillows.

His story of overcoming addiction and building success appealed to many customers and enhanced both his personal and brand image. His business achievements highlight the dramatic heights from which his fortune would later fall.

The Turning Point: Political Involvement and Election Claims

Mike Lindell's net worth crashed after he took a closer look at politics – a choice that ended up costing him almost everything. The MyPillow CEO's life changed when he stepped away from business and got caught up in controversial political activism.

Support for Donald Trump

Lindell met Donald Trump in August 2016. This meeting sparked an alliance that would reshape his financial future. Their original business meeting quickly grew into passionate political support. Lindell described their first encounter as feeling like "a divine appointment".

He attended Trump's final presidential debate in Las Vegas and the inauguration. Trump gave him an inauguration lapel pin personally. Lindell's dedication to Trump became more obvious during his presidency.

He joined Trump at a White House industry roundtable event. His speech at the 2019 Conservative Political Action Conference declared Trump was "chosen by God" and "the greatest president in history".

Their relationship went beyond public events. Lindell kept meeting Trump regularly. He said, "I did just meet with the President — this is the third time now — about two weeks ago, and I'll hopefully see him again next week".

Claims of election fraud

Lindell became one of the loudest voices supporting election fraud theories after Trump's 2020 election loss. He spread baseless claims that voting machine companies Smartmatic and Dominion worked with foreign powers to rig voting machines.

He poured his personal money into these efforts. He spent between $35-40 million to support Trump's election lies through legal fees and films about the alleged fraud. He bought three hours of airtime on One America News Network to show "Absolute Proof," a documentary making false claims about the election.

He kept pushing these claims despite growing evidence against them. One county clerk watched "Absolute Proof" after concerned citizens mentioned Lindell's videos. She said "it made me angry…He has created a lot of doubt in a lot of peoples' minds, even though the count was accurate".

Impact on MyPillow's retail partnerships

Lindell's finances took an immediate hit. Major retailers like Bed Bath & Beyond, Kohl's, Wayfair, and Walmart stopped selling MyPillow products. Lindell blamed his political activism, but some retailers pointed to poor sales.

MyPillow's business model crumbled as retailers left. The company lost 80% of its retail sales, which had generated nearly half of its total revenue. MyPillow started auctioning equipment and subleasing manufacturing space by 2023, showing clear signs of decline.

Lindell's political choices turned him from a thriving business owner into a controversial figure. His company's financial stability collapsed under his growing political activism.

Legal Battles and Defamation Lawsuits

Mike Lindell's election fraud claims led to devastating legal consequences that destroyed his mike lindell net worth. Multiple lawsuits drained his fortune and pushed him toward financial collapse.

Dominion and Smartmatic lawsuits

The aftermath of the 2020 election saw both Dominion and Smartmatic voting systems file major defamation lawsuits against Lindell. Dominion's lawyers sent several retraction notices before they filed their complaint in the United States District Court for the District of Columbia against

MyPillow and Lindell. Smartmatic sued Lindell for defamation in 2022. They claimed he lied about the company's role in the election to make money. A federal judge later found him in contempt of court because he failed to provide discovery and financial documents. The judge also ruled that Lindell had defamed Smartmatic by making false statements about its voting machines.

The $2.3 million Coomer verdict

The biggest financial hit came in June 2025. A federal jury determined that Lindell had defamed Eric Coomer, a former Dominion Voting Systems employee. Lindell made defamatory statements on May 9, 2021, calling Coomer "a traitor to the United States". He struck again on April 6, 2022, accusing Coomer of being "part of the biggest crime this world has ever seen". The jury ordered Lindell to pay Coomer $2.3 million in damages. This verdict played a major role in making mike lindell broke.

AI-generated court filings and legal missteps

A strange turn of events saw a federal judge order two of Lindell's attorneys to pay $3,000 each. They had used artificial intelligence to prepare a court filing that contained numerous errors, including citations to nonexistent cases. Their filing had nearly 30 defective citations. It misquoted court precedents and referenced legal principles that weren't even part of the cited cases.

The $5 million challenge and arbitration

Lindell created the "Prove Mike Wrong" challenge in 2021. He offered $5 million to anyone who could disprove his alleged evidence of election interference. Software developer Robert Zeidman took up the challenge and showed that Lindell's data had no connection to the 2020 election.

An arbitration panel awarded Zeidman the $5 million, but Lindell appealed. He got a rare legal win on July 23, 2025, when the 8th U.S. Circuit Court of Appeals ruled in his favor. The court found that the arbitration panel had incorrectly interpreted the contest rules. This victory provided little comfort amid his growing financial problems.

How Lindell Is Coping Financially in 2025

MyPillow founder Mike Lindell's net worth has completely vanished by 2025. The businessman now struggles with crushing debt and must use extreme survival strategies to stay afloat.

Crowdfunding and GiveSendGo campaigns

Lindell desperately seeks help from his supporters. His GiveSendGo legal defense fund has collected over $400,000, but this barely covers his growing legal costs. He remains firm on his defense fund website and refuses to settle the lawsuits, which he calls "lawfare".

Selling assets and downsizing

MyPillow has sold more than 700 pieces of company equipment at auction. The sale included forklifts, office furniture, and manufacturing machinery. Lindell's personal assets are now being sold off too.

 "I have 'nothing' except for two houses, which are currently being liquidated, and a truck," he testified. The company has combined its operations and now subleases manufacturing space after losing $100 million in retail revenue.

Living on $1,000 a week

The former wealthy CEO now lives on just $1,000 weekly. "I don't have $5,000 or five cents," Lindell stated during a court hearing. This dramatic lifestyle change hits hard for someone whose company once made $300 million yearly.

Ongoing debt and IRS issues

Lindell's money problems go beyond lawsuits. The IRS wants millions in back taxes and asks about when he could write off losses from a failed COVID-19 drug investment. His total debt reaches about $70 million, with a $9 million FedEx lawsuit for unpaid shipping costs. "Nobody will borrow me any more. Not one dime," Lindell told the court.

Conclusion

Mike Lindell's net worth in 2025 has dropped to almost nothing—a dramatic turn of events for the once-successful entrepreneur. The MyPillow CEO's story shows how quickly someone can go from being a pillow mogul to facing financial ruin. His wealth disappeared at an alarming rate, plummeting from $300 million to millions in debt because of his own decisions.

His choice to take a closer look at political activism after the 2020 election started a devastating chain of events. MyPillow lost about 80% of its store sales when major retailers like Bed Bath & Beyond, Kohl's, and Walmart cut ties with his company.

It also didn't help that he spent $25-50 million chasing unproven election fraud claims, which drained his personal savings without any returns. His money problems got worse with failed projects like his "Frank Speech" platform that cost millions more but brought in little revenue.

Multiple defamation lawsuits dealt the final blow. The $2.3 million verdict favoring former Dominion executive Eric Coomer, along with other legal fights against Dominion and Smartmatic, buried him in legal debt. His life now tells a story of financial ruin—he lives on $1,000 weekly, sells his assets, and owes around $70 million.

Of course, Lindell's story warns us what it all means when business leaders change their focus from running companies to controversial political activism. He built MyPillow from scratch into a $300 million company, but his later choices wiped out that wealth in just a few years. The man once seen selling pillows on TV countless times each day now barely stays afloat, showing how mixing business with divisive politics can destroy everything quickly.

FAQs

Q1. What caused Mike Lindell's net worth to plummet by 2025?

Mike Lindell's net worth collapsed due to a combination of factors, including lost retail partnerships, personal spending on political causes, and massive legal judgments from defamation lawsuits related to his election fraud claims.

Q2. How much is Mike Lindell worth in 2025?

As of 2025, Mike Lindell claims to have a negative net worth. He owes approximately $70 million in debt and back taxes, and has stated under oath that he doesn't "have $5,000 or five cents" to his name.

Q3. What happened to MyPillow's business?

MyPillow lost about 80% of its retail sales after major retailers like Bed Bath & Beyond, Kohl's, and Walmart cut ties with the company. This led to significant downsizing, including auctioning off equipment and subleasing manufacturing space.

Q4. How is Mike Lindell managing financially in 2025?

Lindell is reportedly living on about $1,000 per week, selling personal assets, and relying on crowdfunding campaigns to cover legal expenses. He's also liquidating properties and consolidating MyPillow's operations to stay afloat.

Q5. What legal issues contributed to Lindell's financial downfall?

Lindell faced multiple defamation lawsuits from voting machine companies Dominion and Smartmatic. He was ordered to pay $2.3 million in damages to a former Dominion employee and is involved in ongoing legal battles that have drained his finances.