Mattress Mack: Personal Life, Wiki, Net Worth, Family, and Career
Mattress Mack, whose real name is Jim McIngvale, is a prominent American businessman and philanthropist. Born on February 11, 1951, in Starkville, Mississippi, Mattress Mack is the founder and owner of Gallery Furniture, a renowned furniture retail chain based in Houston, Texas. With his distinct and memorable commercials, he has become a beloved figure in the local community. However, it is his philanthropic endeavors that truly set him apart.
Mattress Mack has generously supported various causes over the years, from donating furniture to hurricane victims to opening his stores as shelters during emergencies. He is known for his unwavering dedication to the community, embodying the spirit of Houston. Mattress Mack’s inspiring biography showcases not only his success as a businessman but also his compassion and commitment to making a positive impact in the lives of others.
Who is Mattress Mack?
James Franklin McIngvalewho was known as Mattress Mack, He is a businessman from Houston, Texas. He is very famous in America. He was born on February 11, 1951 in Starkville, Mississippi, United States. So, as of 2023, he is 72 years old. James Franklin McIngvale spent most of his early days in Mississippi, where he used to live with his family. After completing his high school studies, he shifted to Texas and Started his attending University for higher studies. He met his wife there, and they got married. Currently, James has four children, and six grandchildren, with whom he is enjoying his life. James was always sharp with his intellect and his personality. He used to play football at his university, but he was always in business. He is known for making huge sports bets and owning and operating the Gallery Furniture retail chain. Mattress Mack’s story is one of hard work, perseverance, and a commitment to giving back to the community.
Early Life and Career Of Mattress Mack
Mattress Mack was born on February 11, 1951, in Starkville, Mississippi. He grew up in a family of six children and learned the value of hard work at a young age. His father owned a small grocery store, and McIngvale would often help out after school and on weekends.After graduating from high school, he attended the University of Mississippi but dropped out after his freshman year. He then moved to Dallas, Texas, where he worked as a salesperson for a furniture store. It was there that he discovered his passion for the furniture industry and decided to start his own business.
In 1981, He opened Gallery Furniture in Houston with just $5,000 in savings. He started with a small showroom business that grew slowly but surely in those early months and years, however after the oil industry fell on hard times, so did pretty much every retail business in Texas. In 1983, Jim took his last $10,000 and invested in a series of local television commercial spots. During the filming of one of those spots, he got frustrated while cameras were rolling and proceeded to pull money out of his pockets while declaring “Gallery Furniture saves you money!”. The line was a hit with audiences and would eventually become his trademark catchphrase.
In its early days, the company focused on low-end, inexpensive furniture but over time branched out into higher-end lines and quickly gained a reputation for offering high-quality products at affordable prices.
Why Is Mattress Mack So Famous?
Mattress Mack is famous for his successful furniture and mattress store, Gallery Furniture, based in Houston, Texas. He is known for his catchy advertising campaigns, including his signature slogan “Gallery Furniture saves you money!” and for his philanthropic efforts in the community. He gained national attention during Hurricane Harvey in 2017 when he opened his stores as shelters for those affected by the storm, providing food, shelter, and a place to sleep for hundreds of people. He has also been involved in various charitable causes, including supporting local schools and donating to medical research.
Mattress Mack Net Worth and Salary
Mattress Mack is an American businessman who has a net worth of $300 million. He is best known as the owner and operator of the Houston-based Gallery Furniture chain. Mattress Mack is also known for making very large bets on sports games, particularly on the Houston Astros.
His bets often involve promotions at his stores where customers can receive their money back for recently-purchased mattresses if the Astros win. He then makes large wagers on the Astros to hedge the cost of the promotion.
Mattress Mack Astros Bet
Mattress Mack, a Houston-based furniture store owner, is a big supporter of the Astros and has made several large bets on them over the years. However, this particular bet was his largest ever.The bet was part of a promotion that McIngvale had been running at his stores. He had promised to refund all purchases made between August 1 and September 30 if the Astros won the World Series. The promotion was a way to generate buzz for his stores and attract customers during a slow period.
Unfortunately for McIngvale, the Astros did not win the World Series. They were defeated by the Washington Nationals in seven games. However, He remained positive and said that he was still happy to have generated so much publicity for his stores and to have supported the Astros.
Who did Mattress Mack bet on Kentucky Derby?
In May 2019, Mattress Mack made headlines when he placed a $3.5 million bet on the Kentucky Derby. The bet was placed on a horse named Maximum Security, who was the favorite to win the race. He is no stranger to big bets. He is known for his love of sports and has made several large wagers over the years. However, this particular bet was different. He was not just betting for fun; he was betting for a cause.
The bet was part of a promotion that Mattress Mack had been running at his furniture stores. He had promised to refund all purchases made between April 1 and April 6 if Maximum Security won the Kentucky Derby. The promotion was a way to generate buzz for his stores and attract customers during a slow period. However, things did not go as planned. Maximum Security crossed the finish line first, but was later disqualified for interference. The win was awarded to a longshot named Country House, and his bet was lost. Despite the loss, Mattress Mack remained positive. He said that he was still happy to have generated so much publicity for his stores and that he was proud to have supported the horse racing industry. He also said that he would honor his promise to refund all purchases made during the promotion, even though he had lost the bet. He was kind and commitment to his customers have earned him a loyal following in Houston and beyond. He is known for his catchy advertising campaigns and his willingness to go above and beyond to satisfy his customers. His story is one of hard work, perseverance, and a commitment to giving back to the community.
Business Success
Today Gallery Furniture is one of the most-successful independent furniture retailers in the country. Its stores have at various times achieved the highest level of sales-per-square-foot of any store in the US. According to reports released in 2005, the company generates $200 million in revenue per year. An updated report in 2015 pegged annual revenue at around $150 million.
Mattress Mack: Career and Awards
Mattress Mack is a phenomenal businessman of America who has achieved some serious Greetings in his long and fabulous career. Mack has always been known for his exceptional business style and his catchphrase, Saves you money! It has really made him very successful.
During the early days of Gallery Furniture, Mack invested a heavy sum of money into commercials so as to improve his business. His idea worked well, and the sales of Gallery Furniture increased exponentially. Mack and his wife also have been the producer of a movie named Sidekicks in 1992. He has also co-authored a book named Always Think Big, which shows the ups and downs of his business career.
Sports Refunds and Bets
In 2014 the company ran a promotion for Super Bowl XLVIII offering a refund on any purchase over $6,000 if the Seattle Seahawks won. When the Seahawks ended up winning, Mattress Mack ended up refunding an estimated $7 million of furniture purchases. He is a massive fan of the Houston Astros and is famous for making very large bets on the team. When the Astros won the World Series in 2017, he refunded $10 million worth of customer purchases.
At the beginning of the 2019 season, Mattress Mack put out a promotion that would refund any mattress set purchased for up to $3000 that season. This ended up being a $20 million liability when the Astros ended up making the World Series. To hedge his potential losses, Jim began placing bets that the Astros would win the series.
By October 29, 2019, the night of game 6, Jim had wagered $13 million over a series of bets. The Astros ultimately lost the series, costing Mack $13 million. Ahead of the Astros facing the Braves in the 2021 World Series, Mattress Mack waged $3.45 million at a half dozen sports books on the Astros to win. If the Astros are successful, the payout would create a $35.6 million profit.
At the same time, Mack estimated his store refund promotion would cost him a little over $20 million, so a true win if the Astros win. Several sports books actually offered to cash out his bets before the World Series started, at a lower valuation. Mack declined all offers.
2022 Super Bowl Bet
In early February 2022, it was revealed that Mattress Mack had placed $4.5 million on the Cincinnati Bengals to beat the LA Rams at Super Bowl LVI. He made the bet using the Caesars Sports Book app and it was the largest mobile wager ever made up to that point. He actually had to load the bet up in $20,000 increments because of the app’s per-wage limits. At the time he placed the bet, if the Bengals swon, he would earn $7.7 million. Furthermore, anyone who bought $3,000 worth of mattress sets of living room furniture would get a refund.
On February 11, Mattress Mack doubled down on his bet, wagering another $5 million on the Bengals. This set the record for the largest single legal sports bet in history. Between the two bets, if the Bengals win, he will collect $16.2 million.
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FAQs:
James Franklin McIngvale.
He is famous for his successful furniture and mattress store, Gallery Furniture, based in Houston, Texas.
Mattress Mack’s total net worth is around $310 Million.
Currently, Mattress Mack is 73 years old (11 February 1951).
Mattress Mack earns an estimated salary of $30 million + Per Year.
The Height of Mattress Mack is 1.74 M.
Yes, He is married and has four children and six grandchildren.
Mattress Mack has supported a wide range of charities over the years, including the Houston Food Bank, the American Red Cross, and the Salvation Army. He has also donated furniture to local schools and shelters.
Watch Mattress Mack Lose $1.2 Million on The Kentucky Derby – Sports
