MyPillow CEO Mike Lindell tells judge he’s in dire financial straits

The 2020 election denier said he will “never stop fighting” electronic voting machines.

The Minnesota Star Tribune
April 17, 2025 at 8:29PM
My Pillow CEO Mike Lindell speaks at a Trump-Vance rally in July 2024 at Herb Brooks National Hockey Center in St. Cloud. (Glen Stubbe/The Minnesota Star Tribune)

The embattled MyPillow CEO and election denier Mike Lindell told a judge this week that his legal troubles have left him without liquid cash.

Voting software company Smartmatic filed a motion to hold Lindell in contempt last month, alleging that he has been dodging a court-ordered payment for months.

“I’m in ruins,” he told U.S. District Court Judge Carl Nichols of his financial situation, during a hearing Wednesday in Washington, D.C., according to ABC News. Back in January, Nichols ordered Lindell to pay Smartmatic more than $50,000 over unfounded claims against the company.

In an interview Thursday with the Minnesota Star Tribune, Lindell said that his attorney called the hearing because Smartmatic was using dated numbers to assess what he could pay.

“I don’t have any liquid cash laying around,” Lindell said. “They got their numbers back in 2021 or 2022, before I spent all the money helping to save this country, fighting these voting machine companies.”

Smartmatic is concerned about its ability to collect “the fees and costs incurred in defending itself,” according to a company court filing on Wednesday. Lindell said he’s taking home a small wage rather than the extravagant CEO salary that the company is alleging.

Chaska-based MyPillow took out several high-interest loans last year as the company’s bills piled up and traditional funding sources grew scarce. Court filings have called MyPillow a “cash-strapped” company, which has also faced numerous eviction filings over late rent and lawsuits over unpaid bills.

The pillow maker was dropped by many major retailers after Lindell launched his election fraud campaign following the 2020 election.

Lindell told the Star Tribune earlier this month that he is considering running for Minnesota governor in 2026, though he currently lives in Texas.

“Obviously, if I go all in to run, I have got to be a Minnesota resident. I know the rules,” Lindell said recently.

The voting machine companies want Lindell to back down from his debunked election fraud claims involving their equipment, but the pillow magnate isn’t giving up.

“We need to get paper ballots hand-counted, and I will never stop fighting for that,” he said.

Brooks Johnson of the Minnesota Star Tribune contributed to this story.

about the writer

about the writer

Zoë Jackson

Reporter

Zoë Jackson is a general assignment reporter for the Star Tribune. She previously covered race and equity, St. Paul neighborhoods and young voters on the politics team.

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