The Net Worth of Mattress Mack: An Overview
Jim McIngvale, better known as Mattress Mack, is a well-known businessman and philanthropist in Houston, Texas. He is the owner of Gallery Furniture and is widely recognized for his generous contributions to the Houston community. In this article, we will explore the net worth of Mattress Mack and the various sources of his wealth.
Overview of Mattress Mack’s Net Worth
Jim McIngvale, or Mattress Mack, is a successful businessman and philanthropist with an estimated net worth of $400 million. He is best known for his ownership of Gallery Furniture, a chain of furniture stores based in Houston, Texas. Mattress Mack has also used his wealth to support various charitable causes in Houston and beyond.
Mattress Mack’s Early Life and Career
Mattress Mack was born in Mississippi in 1950 and moved to Houston as a young man. After graduating from the University of Houston, he took a job at an advertising firm. In 1981, he opened the first Gallery Furniture store with the help of a $5,000 loan from his parents. The business quickly became a success and has since grown to include several stores in the Houston area.
Mattress Mack’s Business Ventures
In addition to his ownership of Gallery Furniture, Mattress Mack has also been involved in several other business ventures. He has invested in real estate, opened a restaurant, and purchased a racehorse. He has also become a popular public speaker and has given talks at events such as the Super Bowl and the Houston Livestock Show and Rodeo.
Mattress Mack’s Philanthropy
Mattress Mack is renowned for his generosity and has donated millions of dollars to various charitable causes over the years. He has provided aid to victims of natural disasters, established scholarships for high school students, and supported numerous community organizations. In 2017, he made headlines when he opened his furniture stores as a shelter for Hurricane Harvey evacuees.
The majority of Mattress Mack’s wealth is derived from his ownership of Gallery Furniture. He has also generated significant income through investments, public speaking engagements, and other business ventures. All in all, Mattress Mack’s net worth is estimated to be around $400 million.