For years, Mike Lindell has been one of the biggest advertisers on Fox News promoting his company, "My Pillow."
That relationship ended this weekend when it was announced that Fox News was cutting ties with the controversial conservative, at least temporarily.
Talking Points…
- Mike Lindell's financial difficulties
- Fox News cuts My Pillow ads
- Analysis
It was not that long ago that My Pillow CEO Mike Lindell had a net worth close to an estimated $300 million. That is no longer the case, sadly.
Lindell got caught up in the Donald Trump election fraud narrative, spending millions to fight the outcome of the election on his own, as well as facing defamation lawsuits for comments he made in the aftermath of the 2020 election.
In October 2023, it was reported that Lindell's attorneys wanted to quit representing Lindell in the $1.3 billion defamation case that was brought by Dominion Voting Systems against Lindell. At the time, Attorney Andrew Parker claimed that Lindell owed his firm millions in legal fees and was unable to pay his bills.
Lindell also confirmed his financial issues during an October 2023 interview with NBC News. Lindell blamed his financial woes on the media, adding:
"We've lost everything, every dime. All of it is gone."
On Saturday, it was reported that Fox News had cut Lindell's My Pillow ads from the network due to advertising bills that were reportedly not paid. Lindell, however, says it is because the network is censoring him, stating, "They don't want my face even on the network leading up to the 2024 election." Lindell further stated:
"I believe this is all about stopping me from talking about the election platforms and the elections, and this — just getting rid of my voice."
Fox News responded, confirming that the invoices for past ads have not been paid, stating:
"As soon as their account is paid, we would be happy to accept their advertising."
Lindell's fall from grace is both tragic and epic. He had one of the best rags-to-riches stories I have ever heard, but his blind loyalty to Trump has left him in the wake. Lindell is now on a long list of Trump associates from the 2020 election that have lost everything. The other most recent case would be former New York City Mayor and Trump attorney Rudy Giuliani, who filed for bankruptcy three weeks ago after losing a defamation case that was related to Trump's 2020 election claims (as of about two years ago, Guiliani was worth an estimated $50 million).
