Mike Lindell suffered against substance abuse before creating MyPillow. Lindell was addicted to cocaine, alcohol and crack going back to the early 80s. Lindell dabbled with multiple other entrepreneurial ventures during this period, including raising pigs for a time, running a bar and running a carpet cleaning company.
Mike Lindell Net Worth is approximately $300 Million
Mike Lindell has a net worth of $300 Million and is an American entrepreneur and corporate executive. Lindell is most notable for being MyPillow’s founder and developer. In 2004, he founded My Pillow Inc., Lindell is the inventor and patent proprietor of the open-cell, poly-foam concept of the pillow.
Lindell had five staff when the firm launched. More than 1,500 employees are employed by the company today. At a mall kiosk, he sold his first cushion. Lindell spent the company’s first six years marketing the commodity at stores, trade shows and state fairs. My Pillow released its first infomercial in 2011. The show required $500K to make and screened an average of 200 times a day for 30 minutes.
Lindell sold around $100 Million worth of the product during the next 12 months. Since 2009, Mike Lindell has been sober and today his firm makes $280 Million in sales each year. Lindell has sold more than 30 Million pillows, at an estimated base price of $45, as of 2020. Since opening a new factory in his homeland, he plans to manufacture 85,000 pillows a day. Mike Lindell is a staunch republican and President Donald Trump’s supporter. Donald allegedly used to sleep at the White House on MyPillow.
Lindell still President Trump’s close mate and a catalyst for controversy. Over the years, the CEO has made some dodgy allegations about his alleged magic pillows, suggesting that a whole host of sleep-related conditions, including sleep apnea and insomnia, may be healed. In fact, the Better Business Bureau revoked the company’s accreditation and lowered its rating to an “F” after a raft of complaints about the company’s seemingly never-ending BOGO promotion. As a result, according to NBC News, MyPillow Inc. had to pay a total $1 Million fine for misleading advertisement in November 2016. Lindell got the idea for MyPillow in a dream in 2004. He clarified,
“I got up in the middle of the night, about two o’clock in the morning, and I had ‘My Pillow’ written in the kitchen and all over the house everywhere.”
Lindell later invented his silicone cushion, pitching it to fairs from nationally broadcast infomercials, home shows, and kiosks.
Lindell releases a new book called “What are the odds? From Crack Addict to CEO”
Lindell released a book at the end of 2019, titled “What are the odds? From Crack Addict to CEO”. Mike said the book is devoted to those hoping for a sign of redemption as well as to those dealing with addiction. Mike said he will be a strong choice for the Republicans in February 2020.
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