MyPillow CEO Losing Tons Of Money After Paying Cyber Security 'Experts' Millions Of Dollars

MyPillow CEO Mike Lindell has a net worth of $300 million, but apparently he's also been spending cash faster than he can earn it these days. New reports have not only revealed that he had to sell one of his jets, as one staffer put it, to help pay for the Dominion lawsuit, but now reports show that he's also wasted several million dollars paying people to be his cyber security "experts." Farron Cousins explains why Lindell could likely end up with nothing after all is said and done.

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*This transcript was auto-generated. Please excuse any typos.

My pillow CEO, Mike Lindell might be struggling a little bit more with money than we had previously thought. Couple days ago, we told the story of how Lindell had to sell one of his private jets. We don't know how much he sold it for, but similar jets actually almost identical jets go for about two and a half million dollars. And one of his former staffers had told salon that yes, he sold the jet to pay for the dominion lawsuit. Now Mike Lindell has a net worth of $300 million. Okay. Guy's got money, but again, that's net worth. That includes all assets. Okay. Not just cash on hand, but a new report also from salon later in the week, revealed that Mike Lindell has basically been hemorrhaging money, millions and millions

Of dollars to pay for his, uh, evidence in his charges. The election

Was somehow fraudulent first and foremost, he is paid $3 million that we know of to his team of what he calls the white hat hackers,

$3 million

To these people who were supposed to go in and hack, I guess, get the packet captures, which he swears he has, but totally hasn't released them, even though that was literally the point of his cyber symposium. So he gave these individuals $3 million. He is also according to reports on top of that spent another $15 million on just the overall

Show itself, putting all of this together. So we're

Talking about a guy that's now almost $20 million, actually probably more than 20 million. Cause that's, uh, you know, was an 18 million that we know of. So I'm willing to bet probably more than 20 million, at least into this project. He has tried repeatedly to convince us that this election was stolen. He has said every time he goes on the air, that he has irrefutable evidence that it happened.

He refuses to show it to us. He

Is facing a $1.3 billion defamation lawsuit from dominion. And again, based on his net worth, he's about a billion dollars shy of being able to pay that if he gets found guilty here, or if dominion succeeds, it's not a matter of guilt. It's just if dominion succeeds, but anyway, the guy doesn't have the money to cover this.

If he

Did, he wouldn't sell his private jet. Although he did of course, report sages bought a $1.5 million house in Naples. So maybe he's not hurting that bad, or maybe he's trying to unload cash assets. Who knows? I don't know. All we can do is speculate at this point, but buying things and then perhaps putting them in the name of a different entity. We've we've seen wealthy people do that before when they're facing lawsuits or litigation. Sure. So not saying that's what Lindell's doing. I'm just saying that's certainly a possibility here because obviously the guy is spending more money at this point than he is bringing in his pillows have been pulled off the shelves from all the popular stores here in the United States. He's pulled his advertising, all Fox news, his core audience. So they're not even getting fed the, you know, go buy my pillows every day anymore.

He's in trouble.

He's in financial trouble. It certainly looks like. And if dominion is successful in their lawsuit against him, I have no doubt in my mind that Mike Lindell will be left with absolutely nothing. When all is said and done.