Mike Lindell says he had to borrow $10 million last year to keep MyPillow afloat — and is running out of cash, too

Yahoo News via Business Insider ^ | 03/16/2023 | Cheryl Teh

[SeekAndFind]

* MyPillow CEO Mike Lindell told Insider he had to borrow $10 million in 2022 to keep MyPillow afloat.

* Lindell said he'd also sold a building for $2 million and borrowed a further $2 million for himself.

* Lindell says he's burning through $1 million dollars every month on causes related to voter fraud.

* Mike Lindell, the CEO of MyPillow, says he had to borrow $10 million in 2022 just to keep his pillow company afloat.

Speaking to Insider on Wednesday night, Lindell said that to keep MyPillow going, he borrowed "about 4 million in May, 2 million in the summer, and 4 million in September."

And on top of that, Lindell said he's personally been borrowing money to stay liquid, too.

"I sold a building I had in Savage, in Minnesota, in October," Lindell told Insider. "And I had to borrow 2 million too. I've spent it all on fighting for this country."

Lindell told Insider that some creature comforts — like his private jet, which had a door come off it in October — haven't been sold yet.

"I have to get around, you know," Lindell said.

Lindell declined to reveal who loaned him the money but told Insider that a majority of the borrowed cash had gone to defending MyPillow against the lawsuits filed against the company. One of the major ongoing lawsuits is a $1.3 billion defamation lawsuit from Dominion Voting Systems, which cites both MyPillow and its owner, Lindell, in the case.

[SeekAndFind]

Dominion sued Lindell in February 2021, alleging that the pillow mogul defamed it by falsely claiming Dominion helped rig the 2020 election. Lindell is countersuing Dominion for $1.6 billion.

Lindell has been facing financial issues for months. In January 2022, one of Lindell's banks, the Minnesota Bank & Trust, described him as a "reputation risk" and cut ties with him a month later. And in June, Walmart, MyPillow's biggest distributor, pulled Lindell's pillows from its stores.

[Vermont Lt]

Mike wanted to be involved in politics.

Mess around and find out.

[Larry Lucido]

Will he have a soft landing?

[bray]

He has given everything for the cause.

[sauropod]

I’m glad he’s involved.

[gibsonguy]

Walmart was the kill shot. The woke mob wins.

[Round Earther]

“Lindell told Insider that some creature comforts — like his private jet, which had a door come off it in October — haven’t been sold yet.”

Oddly, there is not much a market for private jets that have doors that just happen to come off.

[EBH]

Well...duh...

He got canceled.

Dear Mike, let it go. Start over. It is just a business decision.

Don’t let your heart get in the way ....ask Trump, he’s been BK many times.

[Brian Griffin]

Pillows talk?

Mike uttered his personal views personally.

[Gay State Conservative]

Not surprising....Rat Party Headquarters labeled him Public Enemy #2 some time ago.

[KittyKares]

He’s a real patriot. I had no idea he was having to borrow money. I heard he wants to keep his employees on the payroll. I think he’s done more than his fair share. Where’s the RNC on this? He should live his life and let others carry the torch forward now

[megaMAGA]

He put his money were his mouth is. Prayers for Mike

[38special]

I’ve already bought pillows and sheets from him. I can’t afford any more.

[Leaning Right]

I admire Mike Lindell. But he is probably the naive victim of con men.
“Hey Mike. We’re so very close to proving election fraud! Just one more check should do it!”

The lesson here is to stick to what you know. If you are an investigative journalist, do investigative journalism. And if you are a pillow guy, stick to making pillows.

[bankwalker]

The RNC? You’re kidding, right?

[DIRTYSECRET]

Back to the coke?

[dadfly]

my family will continue to support Mike and MyPillow. may God continue to bless and protect him, his work, and his business. Amen.

it’s amazing to me, but i’ve actually had to defend Mike (and others like Flynn and Sidney and other patriots) on this site from accusations that they are in it all for the money and themselves. just goes to show you no good deed goes un-punished. even here on FR.

[xyz2]

He always seemed a little WIRED to me.

[napscoordinator]

I agree with you. He’s been all over the place making movies, interviewing, investigating. The one place he needs to be is his primary job. You cannot spread yourself so thin or you won’t succeed in anything. A lesson he’s finding out.

[gibsonguy]

Back to the coke?“

I pray not. Sobriety is a fragile thing and this is enormous pressure. No one is going to help him. He put it on the line to get the truth out and it looks like it will cost him everything. The worthless GOP should be ashamed.