Mike Lindell Net Worth: $300 MillionMike Lindell net worth and salary: Mike Lindell is an American entrepreneur and business executive who has a net worth of $300 million. Mike Lindell is most famous for being the founder and creator of MyPillow.
|Net Worth:||$300 Million|
Mike Lindell Net Worth
He was born on June 28, 1961 in Mankato, Minnesota. He then grew up in Chaske and Carver, Minnesota. Before the invention of MyPillow, Mike struggled with addiction. He was addicted to cocaine, alcohol and crack back in the early 80s.
During this time, Mike was engaged in other entrepreneurial endeavors, including raising pigs, owning a bar, and cleaning carpets. He founded My Pillow, Inc. in 2004. He is the inventor and patent holder for an open cell foam cushion design.
When the company started, he had five employees. Today the company employs over 1,500 people. He sold his first pillow at a mall kiosk. He spent his first six years with the company, selling products in malls, trade shows and government fairs.
In 2011, My Pillow launched its first commercial. The 30-minute show cost $ 500,000 to produce and was aired an average of 200 times a day. After the commercials began airing, his business grew dramatically.
Over the next 12 months, he sold $ 100 million worth of pillows. Mike Lindell has been sober since 2009 and today his company generates $ 280 million in annual revenue. At the time of this writing, he has sold over 30 million pillows at an average base price of $ 45.
He plans to produce 85,000 pillows a day after opening a new factory in his hometown. Mike Lindell is a staunch supporter of President Donald Trump. Donald is reportedly sleeping on my pillow in the White House.