If you live in Houston, Texas, you have probably heard of Mattress Mack, the energetic and generous owner of Gallery Furniture. But do you know how he became a furniture mogul and how much he is worth today? In this article, we will take a close look at Mattress Mack’s net worth and how he built his empire from scratch.
Who is Mattress Mack?
Mattress Mack, whose real name is Jim McIngvale, is an American businessman and philanthropist. He is the founder and owner of Gallery Furniture, a retail chain that sells home furnishings in Houston and its surrounding areas. He is also known for his catchy slogan “saves you money!” and his extravagant promotions and bets on sports events.
Mattress Mack was born on February 11, 1951, in Starkville, Mississippi. After graduating from Bishop Lynch High School in Dallas, he pursued football at North Texas State University. Relocating to Houston in 1981 with his wife Linda, he began selling furniture from his pickup truck. With his last funds, he invested in a TV commercial, delivering an impromptu, captivating sales pitch that captured viewers’ attention. His sales increased dramatically after that, and he opened his first Gallery Furniture store in 1983.
How did Mattress Mack grow his business?
Mattress Mack’s business philosophy is based on the principles of W. Edwards Deming, a quality management guru. He believes in providing high-quality products, excellent customer service, and continuous improvement. He also believes in giving back to the community and supporting various causes and charities.
His Gallery Furniture has grown to become one of the largest independent furniture retailers in the US, with annual sales of over $200 million. The company employs over 400 people and operates three locations in Houston, as well as an online store. The company’s renown stems from its provision of same-day delivery service, extensive stock of American-made furniture, and distinctive showroom attractions like live exotic animals, a playground, and a restaurant.
He is also famous for his creative and risky marketing strategies, such as offering refunds to customers if certain sports outcomes happen. For example, in 2017, he refunded $10 million worth of customer purchases after the Houston Astros won the World Series.
He enjoys placing substantial bets on sports teams, particularly those hailing from Texas, betting millions on teams like the Houston Astros, Rockets, Texans, and TCU Horned Frogs. Linking these bets to business promotions, he believes they foster customer excitement and loyalty.
What is Mattress Mack’s net worth?
According to various sources, Mattress Mack’s net worth is estimated to be around $300 million as of 2023. This makes him one of the richest and most successful entrepreneurs in the country.
Employing his wealth for altruism, particularly during crises like hurricanes, floods, and power outages, he transformed his stores into shelters and aid centers. Additionally, he’s contributed millions to numerous organizations including the Salvation Army, Houston Food Bank, Texas Children’s Hospital, and the Houston Livestock Show and Rodeo.
Mattress Mack is an inspiring example of someone who started from humble beginnings and achieved great success through hard work, innovation, and generosity. He is a beloved figure in Houston and beyond, and a role model for aspiring entrepreneurs. He has shown that he can save you money and make you money, while also making a positive difference in the world.
Conclusion
Mattress Mack, born Jim McIngvale, is more than just a successful businessman. His journey from selling furniture out of a truck to becoming a multi-millionaire through Gallery Furniture is a testament to his entrepreneurial spirit, dedication to quality, and community-driven approach. His net worth, estimated around $300 million, places him among the elite entrepreneurs in the nation. Yet, it’s his philanthropy during crises and unwavering commitment to supporting various causes that truly define his legacy. Mattress Mack embodies the spirit of turning success into a force for good, inspiring others to aim high and give back.
