If you’ve watched a single minute of late-night TV over the last decade, you know the face. Mike Lindell, the guy with the mustache and the ever-present cross necklace, leaning over a bed and promising you the best night’s sleep of your life. For years, he was the king of the infomercial. He turned a simple foam pillow into a $300 million-a-year empire. He was living the American dream, a former crack addict who built a massive business from nothing.
But things have changed. Drastically.
When people search for the net worth of the my pillow guy today, they aren't looking at a stable fortune. They’re looking at a financial freefall. Honestly, it’s one of the most chaotic business stories in modern memory. We aren't talking about a dip in the stock market; we are talking about a man who recently told a federal judge, "I’m in ruins."
From $100 Million to "Nothing Left"
At his peak, Mike Lindell’s net worth was easily north of $100 million. Some estimates even pushed it toward $300 million depending on how you valued the private equity of MyPillow. He had the private planes, the massive Minnesota estate, and a brand that was a household name.
Now? Lindell says he has "no money personally. Nothing left."
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During a court hearing in April 2025, Lindell admitted to being in dire financial straits. He claims he’s living off roughly $1,000 a week. For a guy who used to spend millions on advertising every month, that’s basically peanuts. He told U.S. District Court Judge Carl Nichols that he doesn't have "5 cents" to pay court-ordered sanctions.
What Happened to the Money?
It wasn't just one thing. It was a perfect storm of retail rejection and massive legal bills.
After the 2020 election, Lindell became one of the most vocal proponents of theories regarding election fraud. This didn't sit well with big-box retailers. In short order, Walmart, Bed Bath & Beyond, Kohl's, and Wayfair all stopped carrying MyPillow products. Lindell claims this "cancel culture" cost the company over $100 million in revenue.
Then came the lawsuits.
- Dominion Voting Systems: Sued Lindell for $1.3 billion.
- Smartmatic: Sued for over $1 billion.
- Eric Coomer: A former Dominion executive who won a $2.3 million defamation verdict against Lindell in June 2025.
- Legal Fees: In late 2023, Lindell’s own lawyers asked to stop representing him because he owed them "millions of dollars" that he couldn't pay.
He admitted to spending at least $50 million of his own money trying to prove his election claims. That’s cash that just evaporated.
The MyPillow Financial Strain
The business itself is a shell of what it used to be. MyPillow has had to auction off over 700 pieces of equipment—everything from forklifts to office desks. They’ve been hit with eviction filings over unpaid rent at manufacturing spaces and were recently ordered to pay $778,000 to DHL for unpaid shipping bills.
Lindell has turned to his followers to keep the lights on. He’s launched a legal defense fund and frequently uses promo codes like "JURY" on his website to drum up quick cash. It’s a scrappy, desperate version of the high-flying marketing machine he used to run.
A Small Legal Win in a Sea of Loss
It hasn't been all bad news for him lately, though. In July 2025, a federal appeals court actually reversed a $5 million award he was supposed to pay to Robert Zeidman. Zeidman had taken Lindell’s "Prove Mike Wrong" challenge and successfully argued that Lindell's data was bunk. The court ruled the arbitration panel went too far, giving Lindell a rare moment of relief.
He called it a "miracle." But while it saved him $5 million, he’s still staring down billions in potential damages from the ongoing Smartmatic and Dominion cases.
The Current Reality
Calculating the net worth of the my pillow guy in 2026 is tricky because so much of it is tied up in debt. If you look at his assets minus his liabilities, many experts argue his net worth is effectively zero—or even negative. He claims to have $70 million in debt and is facing ongoing garnishment by the IRS.
He’s still out there, though. He’s currently eyeing a run for Governor of Minnesota in 2026. Whether he can fund a campaign while telling judges he’s broke is anyone’s guess.
What to watch next:
- Keep an eye on the Smartmatic trial dates. These are the "big ones" that could lead to massive judgments or settlements that would officially bankrupt Lindell.
- Monitor MyPillow's retail presence. If they can't get back into big-box stores, the company remains a direct-to-consumer play with a shrinking audience.
- Follow the IRS garnishment news. If the government is taking a cut of his $1,000 weekly "wage," his ability to fund his various social media platforms like FrankSpeech will eventually dry up.
Lindell’s story is a wild case study in how quickly a brand can crumble when business and high-stakes politics collide. He’s either a martyr or a cautionary tale, depending on who you ask, but the numbers don't lie: the "Pillow King" is currently fighting to keep his crown from being repossessed.