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Prediction: Hysterical zealot Mike Lindell will flush all his vast wealth down the toilet (Original Post) TomDaisy Feb 2021 OP
He is headed for disaster on a number of levels. Irish_Dem Feb 2021 #1
what he hasn't put up his nose demtenjeep Feb 2021 #2
Or his crack pipe. liberaltrucker Feb 2021 #4
And no help from Trump. Srkdqltr Feb 2021 #3
Good bet. Squinch Feb 2021 #5
He blew his chance getting Ivanka to do free commercials for him FakeNoose Feb 2021 #6
I think he's headed for a breakdown. His history is not one of mental of emotional stability Stinky The Clown Feb 2021 #7
Yeah, when I saw that interview with him on Newsmax that was posted here...he looked way off. cwydro Feb 2021 #10
There's Less Wealth Than Advertised ProfessorGAC Feb 2021 #8
He may be like Trump. Most of his worth is in his brand TexasBushwhacker Feb 2021 #9
A Few Things ProfessorGAC Feb 2021 #11

Irish_Dem

(45,640 posts)
1. He is headed for disaster on a number of levels.
Fri Feb 5, 2021, 08:37 PM
Feb 2021

His wealth, family, friends, etc are going to take major hits.
He has gone crazy.

FakeNoose

(32,356 posts)
6. He blew his chance getting Ivanka to do free commercials for him
Fri Feb 5, 2021, 09:17 PM
Feb 2021

... like the Goya guy got. Too late now Mikey!




 

cwydro

(51,308 posts)
10. Yeah, when I saw that interview with him on Newsmax that was posted here...he looked way off.
Fri Feb 5, 2021, 10:13 PM
Feb 2021

Something weird about him even more than his love for the tangeranus.

ProfessorGAC

(64,425 posts)
8. There's Less Wealth Than Advertised
Fri Feb 5, 2021, 09:32 PM
Feb 2021

The commonly reported $300 million is taken from his Wikipedia page.
There are VERY few Wiki pages that list the person's net worth.
There is suspicion that number was added by Mikey, himself.
The financials of the company don't support sufficient net income for him to have built a $300 million fortune in 12 or 13 years.
I suspect this is a flailing attempt to cement his brand with the radical right, because debt service is greater than risk assessments deduced. (Sound familiar?)
With revenues falling, debt service oppressive and the brand toxic, he's grifting.
And he doesn't fear the lawsuit, because he just emptied the piggy bank on his dumbass documentary. Remember, he welcomed the lawsuit. Sound like a guy with nothing to lose.

TexasBushwhacker

(20,044 posts)
9. He may be like Trump. Most of his worth is in his brand
Fri Feb 5, 2021, 10:09 PM
Feb 2021

He started with MyPillow, which seems to be a love it or hate it product, but he has an "F" rating with the Better Business Bureau because he doesn't always honor his "buy one, get one free" offers, or his return policy.

Now he has MyPillow Sheets and MyPillow Towels. The sheets are 100% Egyptian cotton, 400 thread count - nothing really exceptional. $100 for queen size (regular price is $200) The instructions say to iron them on low. Iron my sheets?

He backs both sheets and towels with a 10 year warranty. Who expects sheets or towels to last 10 years?

He invented MyPillow in 2004. He become sober and born again in 2009. That's right. He invented MyPillow while he was still a crackhead.

I find it interesting that Mr. Christian Mike Lindell had his second wife sign a prenuptial agreement. She left him after 6 weeks.

BTW, my Trumpvangelical wife of the boss just ordered $250 worth of stuff from his website because he's a "patriot".

ProfessorGAC

(64,425 posts)
11. A Few Things
Sat Feb 6, 2021, 07:18 AM
Feb 2021

That company was incorporated in 2008. So, for the first 5 years, he was a "company" selling pillows at a mall kiosk. Not "titan of industry" stuff.
The value of the company is $150 million with a D/E of 4.8. That puts equity at under $26 million.
Revenues are $152 million in the prior 12 months as of Dec 1 last year. They claim 1,500 employees. So, margins before SG&A likely don't exceed 20%. That's $30 million before advertising, debt service ($4.5-5 million) and administrative overhead.
It's very unlikely that even at current revenues, the after tax profit is $10 million. Even if he gets it all, there isn't time to accumulate $300 million in net worth in 13 years, because 13 years ago revenues were much lower.
The comparison to T%+$p is apt, primarily because they both lie about how much they're worth.

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