Mike Lindell's net worth remains substantial despite facing lawsuits. He won't disappear anytime soon; he'll feel even more comfortable taking risks and launching new ventures.
Mike Lindell, born June 28, 1961, is known as the My Pillow Guy.
Lindell is the founder and CEO of My Pillow, Inc., a pillow, bedding, and slipper manufacturing company. My Pillow, Inc. was founded fifteen years ago on July 1, 2009, his Personal Year 9. Those born on the 28th of any month are undeniably strong-willed, independent, and ready to make sacrifices to achieve their goals
Many people born on the 28th of any month tend to initiate numerous projects or endeavors but often need help with laziness and, therefore, fail to complete them.
Lindell played a significant role in supporting and financing Trump's attempts to overturn the election result; he spread disproven conspiracy theories about widespread electoral fraud in that election. He has also promoted unproven medical treatments for COVID-19.
Major retailers stopped carrying My Pillow products in 2021. Lindell suspected that this was a result of his claims relating to the 2020 United States presidential election results. However, outlets like Kohl's and Bed Bath & Beyond have said it was due to market research and low customer demand. In July 2023, MyPillow auctioned off equipment and subleased some of its manufacturing space after more retailers, including Walmart and Slumberland Furniture, stopped retailing My Pillow products.
FrankSocial & FrankSpeech
Lindell reportedly spent almost a million dollars to develop two websites under the Frank brand. One website focused on video streaming, positioning it as an alternative to mainstream social media platforms. The other website, FrankSocial, is hosted on a different domain and became available in April 2022. FrankSocial is described as reminiscent of Facebook's design in 2012, with a primary news feed and no messaging function.
Since its launch, FrankSpeech has been embroiled in several controversies. The platform has faced criticism for allowing the spread of misinformation and extremist content. Lindell has also repeatedly used FrankSpeech to solicit donations for his legal battles against voting machine companies like Dominion Voting Systems, which have sued him for defamation over his election fraud claims.
It's been reported that Mike Lindell is seeking to raise funds for his social media platform, FrankSpeech, by taking it public. However, former Daily Beast journalist Zachary Petrizzo reports that the plan is not going well. Adding to the trouble, Lindell's partner in the merger, a media holding company named InCapta, Inc., has an accumulated deficit of nearly $150 million.
Lawsuits
A Colorado federal judge has dismissed Mike Lindell's attempt to dismiss a defamation lawsuit brought against him by Eric Coomer, a former executive of Dominion Voting Systems. The lawsuit revolves around Lindell's claims that Coomer interfered with the 2020 election, which Lindell amplified through his website FrankSpeech.The defamation lawsuit alleges that Lindell called Coomer "corrupt," "criminal," and a "traitor to the United States." The case is now heading to trial.
Lindell publicly promised to pay anyone $5 million to disprove his claim that the election was rigged in Joe Biden's favor. A computer expert proved that Lindell's data was erroneous and went to court to claim his $5 million. He is seeking financial records from Lindell and his company, Lindell Management LLC so that he can recover the money. Lindell had until Friday, August 23, to hand over documents in a $5 million lawsuit, or he would be forced to appear in federal court.
By The Numbers
With First Challenge 5 during his Formative Years from 1961-1991, Lindell's gambling addiction began to emerge in his teenage years. Lindell became addicted to and a frequent user of cocaine in his 20s. This addiction became worse after he switched to crack cocaine in the 1990s. Lindell was also incurring gambling debts. The buildup of his addictions between the 1980s and 1990s led to the foreclosure of his house and his wife filing for divorce. Lindell stated that he achieved sobriety through prayer in 2009.
Third and Fourth Challenge 2: Lindell's outward display of confidence may not accurately reflect his internal feelings or actual level of self-confidence.
Soul Urge 8 suggests a person who prefers to approach things in a grandiose manner. Individuals with a Soul Urge 8 feel a strong sense of importance and entitlement. They assert their independence by making their own decisions and managing their lives accordingly.
Lindell is currently in his Harvest Year 17/8 and Final Pinnacle 23/5. Between 2021 and 2023, the Transit Letters S, J, and A indicate that he is starting in a new direction. However, it's important to note that during this period, Lindell was also experiencing a three-year cycle, which could pose challenges to the success of his new endeavors.
Lindell will persist and conquer, no matter how challenging it may seem. Harvest Year 8 increases the success and achievement of any venture, undertaking or endeavor. The numbers suggest that in 2025, a new initiative, a shift in focus, an expansion or a new addition to one of his existing businesses is possible.
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