Fact Check: Mike Lindell claimed that he used to be worth about $60 million before speaking out about the 2020 election and is now $10 million in debt.

Fact Check: Mike Lindell's Financial Claims

What We Know

Mike Lindell, the founder of MyPillow, has publicly stated that he was once worth approximately $60 million before he began speaking out about the 2020 presidential election and is now $10 million in debt. This claim was reiterated during his recent defamation trial concerning statements he made about Eric Coomer, a former employee of Dominion Voting Systems. Lindell's financial struggles have been attributed to the fallout from his promotion of conspiracy theories regarding the election, which led to significant losses for his business as major retailers, including Walmart, ceased carrying his products (CBS News, CBS News).

During the trial, Lindell claimed that he had "spent nearly all his resources" in efforts to expose what he believes to be corruption in the election systems. He also mentioned that he had only about $10,000 left to his name after incurring substantial legal costs (CBS News).

Analysis

The assertion that Lindell was once worth $60 million and is now $10 million in debt is supported by his own testimony during the trial and corroborated by reports on his financial situation. Lindell's claims about his financial decline are consistent with the broader narrative of his business struggles following the 2020 election. His company, MyPillow, has faced significant revenue losses, leading to the liquidation of assets and a reliance on crowdfunding to support his legal battles (CBS News, CBS News).

However, it is important to note that while Lindell's statements about his financial status are self-reported, they align with the documented decline in his business's performance. The credibility of these claims is further supported by the fact that Lindell has faced multiple legal challenges and significant financial repercussions due to his public statements regarding the election (The Guardian, CPR).

Conclusion

The claim that Mike Lindell was once worth about $60 million and is now $10 million in debt is True. This conclusion is based on Lindell's own statements during his defamation trial and corroborated by reports detailing his financial struggles following his controversial actions related to the 2020 presidential election. The evidence indicates a significant decline in his financial status, consistent with the broader impact of his public claims and the resulting business consequences.

Sources

1. Jury finds MyPillow founder Mike Lindell defamed a former ...
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5. On the stand for his defamation trial, Mike Lindell sticks ...
6. Lindell trial: What's deflamation?
7. Mike Lindell's net worth in 2025