James Franklin McIngvale, or also often called Mattress Mack, is a renowned furniture businessman from Houston, Texas. He is the owner of one of the biggest furniture retail chain in America, Gallery Furniture and it is estimated that his net worth is $75 million.
McIngvale was born in 1951 in Houston, Texas. He found Gallery Furniture in 1981 when he was 30 years old with only $5,000. Now, the company has been constantly ranked in Furniture Today’s Top 100 Furniture Retailers. It is estimated that the company makes a whooping sales number of $200 million per year.
The millionaire is not only known as a genius businessman, but also a kind philanthropist. One of his latest charitable actions was in August 2017 during the Hurricane Harvey. He opened two of his Gallery Furniture stores, one in North Freeway and the other in Grand Parkway to shelter the victims of the hurricane.
The Source of Mattress Mack Net Worth
Gallery Furniture is clearly the main source of Mattress Mack’s net worth. Despite of its success, the furniture retail chain faced a huge challenge during its first several years. In 1983, the sales declined tremendously as a result of the weakening economy caused by the downfall of oil industry. He decided to use his last $10,000 to advertise his business on TV. Thanks to McIngvale’s iconic catchphrases, the sales started improving again and Gallery Furniture becomes America’s favorite furniture retail.
McIngvale is now one of the richest people in Houston and he even recently becomes the new owner of Houston Rockets. It is also reported that the furniture mogul has several properties under his name, including a 36,000-square mansion in Leander Texas. The mansion overlooks the exquisite Lake Travis and it is divided into two blocks. 26,000 is dedicated for the main house and the rest is for a 10-bedroom guest house.
Quick Biography From Mattress Mack
|Name||James Franklin McIngvale/Mattress Mack|
|Date of Birth||February 11, 1951|
|Net Worth||$75 million|