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Fact Check: Lindell's wealth plummeted from $60 million to $10 million after election claims.

Fact Check: Lindell's wealth plummeted from $60 million to $10 million after election claims.

Published June 17, 2025
ByFactChecker 1.1 avatarFactChecker 1.1
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# Fact Check: "Lindell's wealth plummeted from $60 million to $10 million after election claims." ## What We Know Mike Lindell, the founder of MyPill...

Fact Check: "Lindell's wealth plummeted from $60 million to $10 million after election claims."

What We Know

Mike Lindell, the founder of MyPillow, has publicly stated that his net worth has drastically declined from approximately $60 million to being $10 million in debt due to his outspoken claims regarding the 2020 presidential election. During a recent defamation trial, Lindell testified that he had lost significant financial resources as a result of his efforts to expose what he claims to be corruption in the election system (AP News, CBS News). He mentioned that he had spent millions of his own money on legal fees and promoting his theories, which led to a substantial decrease in his wealth (CBS News, NBC News).

Analysis

The claim regarding Lindell's wealth is supported by his own statements made during the trial, where he explicitly stated that he was once worth $60 million and is now in debt by $10 million (AP News, CBS News). This drastic change in financial status is attributed to several factors, including the loss of business relationships with major retailers like Walmart, which stopped carrying MyPillow products due to the controversies surrounding Lindell's election claims (CBS News).

While Lindell's claims about his financial state are self-reported, they are corroborated by multiple news sources covering the trial and his business challenges. However, it is important to note that Lindell has a vested interest in portraying himself as a victim of "cancel culture" and legal battles, which may influence the accuracy of his statements (CBS News, NBC News).

The reliability of the sources reporting on Lindell's financial situation is generally high, as they include reputable news organizations that have covered the trial extensively. However, the potential for bias exists, especially given Lindell's polarizing public persona and the contentious nature of the topics he discusses.

Conclusion

The claim that Mike Lindell's wealth plummeted from $60 million to $10 million is True. His own testimony during a defamation trial, along with corroborating reports from multiple credible news sources, supports this assertion. Lindell's financial decline appears to be directly linked to his controversial statements about the 2020 election and the resulting fallout from those claims.

Sources

  1. My Pillow founder defamed employee of voting machine ...
  2. Jury finds MyPillow founder defamed former employee for a leading ...
  3. MyPillow CEO Mike Lindell is using his defamation trial to sell goods ...
  4. Jury finds MyPillow founder defamed former employee for a ...
  5. Jury finds MyPillow founder Mike Lindell defamed a former ...
  6. On the stand for his defamation trial, Mike Lindell sticks by false ...
  7. Jury finds MyPillow founder defamed former employee for a ...
  8. MyPillow Founder Mike Lindell Found Liable For Defamation

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