Mike Lindell, CEO of MyPillow, said he lost $7 million on COVID-19 masks

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Last year, MyPillow CEO Mike Lindell said his company would manufacture and donate COVID-19 masks. Lindell told The Daily Beast that he lost $7 million from that effort and has millions of masks left. “I can’t give them up,” Lindell told The Daily Beast. “No one wants things anymore.” See more stories on the Insider Business page.

In a speech from the Rose Garden last year alongside then-President Donald Trump, MyPillow CEO Mike Lindell said his company would produce and distribute face masks to do its part in the COVID-19 pandemic.

Now, the conservative says the operation cost him millions of dollars and that they have millions of masks they can’t get rid of. Lindell told The Daily Beast this week that the mask-making effort cost him and his company a total of $7 million.

“I can’t give them up,” Lindell told The Daily Beast. “I tried. Nobody wants things anymore.”

One of Lendl’s assistants told the enforcer that they had two million masks they couldn’t get rid of, while Lendl suggested they “should burn them”.

Read more: MyPillow man says God helped him beat crack addiction to build a multimillion dollar empire. Now, his religious devotion to Trump threatens to bring everything down.

Lindell, a loyal supporter of Trump, announced in March 2020 that MyPillow was diverting 75% of its US-based production to making face masks.

He told FOX9 at the time that he did not plan to sell the masks, but instead they would go to Minnesota and other hospitals across the United States. He also said the company was making 100% cotton masks due to the availability of the material.

But Lindell told The Daily Beast that despite his intent to donate masks to hospitals and nursing homes, the masks did not meet standards for health care workers set by the Food and Drug Administration, which require masks to be at least grade N-95

Lindell also said his mask-making process, which The Daily Beast said swings back and forth from a charitable effort to a business venture, has suffered from a saturated market.

Lendl has remained one of Trump’s strongest defenders. He continued to make baseless allegations about the election, and even said that the former president would be reinstated later this year, an outlandish theory that has no constitutional basis.

Lindell told Insider’s Jacob Shamsian in February that he had already lost $65 million in revenue due to retailers boycotting his business over allegations of election fraud. He was also sued for $1.3 billion in a defamation case brought by Dominion Voting Systems, an election technology company wrapped in fraud allegations.

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