Jim McIngvale popularly known as “Mattress Mack” has an estimated net worth of $300 million as of 2023. He is renowned as the owner of the Houston-based Gallery Furniture chain. McIngvale is also famous for making large sports bets, particularly on the Houston Astros as a part of his store promotions.
Jim McIngvale Net Worth: How much is Jim McIngvale worth?
Jim McIngvale Net Worth: How much is Jim McIngvale worth? Jim McIngvale Jim McIngvale is a self-made millionaire with an estimated net worth of $300 million as of 2023. he is the brains behind Gallery Furniture a Houston-based retail chain that has become a household name in Texas. McIngvale’s journey to financial success is a classic rags-to-riches tale. He started with $5000 in life savings and a dream.
Over the years he has not only built a furniture empire but has also become a philanthropist and a significant player in sports betting. His unique advertising strategies including his famous catchphrase “saves you money” have made him a local celebrity. So if you’re wondering how Mattress Mack stacked up his millions it is through hard work business acumen and a knack for understanding his customer base.
Quick Facts About Jim McIngvale Net Worth
|Net Worth||$300 Million|
|Date of Birth||February 11, 1951|
|Country||United States of America|
|Height||5 ft 8 in (1.74 m)|
|Known For||Owning Gallery Furniture|
|Annual Revenue||Around $150 Million|
Jim McIngvale popularly known as “Mattress Mack” has had significant real estate holdings over the years. He once owned a home at 3002 Pine Lake Trail in Houston from 1988 to 2008. More recently he owns a newly constructed mega mansion located at 709 Ivean Pearson Road in Leander TX overlooking Lake Travis.
The estate consists of a 26000 square foot main house and a 10000 square foot 10-bedroom guest house. While Jim is best known for his Gallery Furniture empire his real estate investments also speak volumes about his success and lifestyle.
Who is Jim McIngvale?
Jim McIngvale better known as “Mattress Mack” is a business tycoon born in Starkville Mississippi in 1951. he is not just your average furniture store owner, this guy is a legend in Houston Texas. His father George McIngvale was a business owner and his mother Angela was a stay-at-home mom. Jim attended the University of North Texas and even played football there before dropping out in 1973.
He started his career journey working at a convenience store but destiny had bigger plans for him. He eventually found his calling in the furniture business. With $5000 and a dream, he and his wife Linda moved to Houston and started Gallery Furniture. The business took off, especially during Houston’s boom in industries like auto oil and steel. But what really sets him apart? His knack for sports betting. He has placed millions in bets and recently he netted a cool $75 million after betting on the Astros to win the 2022 World Series. Talk about a win-win in business and sports!
Jim McIngvale Parents
Jim McIngvale was born on February 11, 1951, in Starkville Mississippi. His father George McIngvale was a business owner and his mother Angela McIngvale was a stay-at-home mom. George McIngvale also known as “Mr. Mack” passed away at the age of 89.
Jim attributes much of his philanthropic spirit to his father stating that his dad was a giver all his life and that it left a lasting impression on him and his siblings. His father’s generosity not only shaped Jim’s character but also influenced his approach to business and community service.
Jim McIngvale Siblings
Information about Jim McIngvale’s siblings is not readily available in the public domain. While much is known about Jim affectionately called “Mattress Mack” and his journey from a young man in Starkville Mississippi to a business magnate in Houston Texas details about his siblings are not as widely discussed.
Jim’s life has been well-documented from his early years to his rise as the owner of Gallery Furniture but his family background particularly concerning his siblings remains less publicized.
Jim McIngvale Relationship
Jim McIngvale is a married man. He is married to Linda McIngvale and together they have been the power couple behind the success of Gallery Furniture. While much is known about Jim’s business ventures and sports betting escapades his personal life, particularly his relationship status is not the focus of media attention.
The couple has been together for many years and has been instrumental in building the Gallery Furniture empire. Jim often refers to Linda as his rock and the backbone of their business. They are not just business partners but life partners sharing both the highs and lows that come with running a successful enterprise.
Jim McIngvale Wife
Jim McIngvale is married to Linda McIngvale. The couple has been married for 41 years and has been through thick and thin together. Linda has been a significant part of Jim’s life both personally and professionally. She has been by his side as they built the Gallery Furniture empire in Houston Texas.
Linda has also faced health challenges including pneumonia and sarcoidosis a lung disease. Despite her health issues, she remains a strong support for her husband even encouraging him to continue his famous sports bets. The couple’s enduring relationship is a testament to their love and commitment making them a true power couple in the business world.
Jim McIngvale Children
Jim McIngvale is a father of four children. He and his wife Linda have three biological children James Laura and Elizabeth and an adopted daughter named Regina. Elizabeth McIngvale is particularly noteworthy as she is the founder of Peace of Mind a non-profit organization aimed at helping people with obsessive-compulsive disorder (OCD).
Elizabeth was diagnosed with OCD at the age of 12 and later became the national spokesperson for the International OCD Foundation. The couple also has six grandchildren: James, Eden, Caleb, Olivia, Brody and Sydney. The McIngvale family is not just large but also deeply involved in philanthropy and community service.
Jim McIngvale Career
Jim McIngvale is an American entrepreneur best known for owning and operating the Gallery Furniture retail chain in Houston Texas. Born in Starkville Mississippi Jim attended the University of North Texas before dropping out in 1973. He initially worked at a convenience store and later at a furniture store in Dallas Texas where he developed a passion for the furniture business.
In 1981 Jim moved to Houston with his wife Linda and $5000 in savings to open Gallery Furniture. The store’s sales soared initially but faced challenges by 1983. Jim then decided to invest his last $10000 in a TV commercial which turned out to be a massive success and led to a dramatic increase in sales. Over the years Jim has also been involved in various philanthropic efforts including providing shelter and meals to people affected by natural disasters.
Jim McIngvale Age
Jim McIngvale was born on February 11, 1951, making him 72 years old as of 2023. Born in Starkville Mississippi Jim has become a household name in Houston Texas where he owns and operates the Gallery Furniture retail chain.
Over the years he has not only built a successful business but has also become a philanthropic icon in the community. Despite being in his early 70s Jim shows no signs of slowing down and continues to be actively involved in his business and charitable endeavors.
Jim McIngvale Height
Jim McIngvale stands at a height of 1.74 meters (approximately 5 feet 8 inches). While much of the focus on Jim McIngvale is usually about his business acumen and philanthropic efforts his height is a detail that adds to the overall picture of who he is. Standing at an average height Jim has always been a towering figure in the business world, especially in the furniture industry.
Jim McIngvale Nationality
Jim McIngvale is an American businessman. He was born on February 11, 1951, in Starkville Mississippi, and has spent the majority of his life in the United States. Jim is best known for owning and operating the Gallery Furniture retail chain based in Houston Texas. His nationality is American.
What is Jim McIngvale net worth?
Jim Mclngvale Net Worth is $300 Million
How did Jim McIngvale make his money?
Owning and operating Gallery Furniture
What is the annual revenue of Gallery Furniture?
Around $150 Million
How tall is Jim McIngvale?
5 ft 8 in (1.74 m)
What is Jim McIngvale’s age?