FutureStarr

Mattress Mack Net Worth 2021

Mattress Mack Net Worth 2021

Mattress Mack is one of the best-known figures in the history of Houston’s retail furniture industry. He was the inspiration for the term “millionaire real estate developer” and is credited with building “a million-dollar home in a million-dollar neighborhood, every day".

Mack

Jim McIngvale, also known as 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. (Source: www.celebritynetworth.com)

Mattress

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.

At the beginning of the 2019 season, Jim 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 Jim that $13 million. (Source: www.celebritynetworth.com)

Worth

Gallery Furniture retail chain sells around $200 million a year. It was ranked in the list of Top 100 Furniture Retailers of ‘Furniture Today’ for several years. This Company promoted the Super Bowl XLVIII. If the Seattle Seahawks won, then the Company would refund any purchase over $6,000. When the conditions were fulfilled, the Gallery Furniture had to refund $7 million for furniture purchases. Mattress Mack offered promotions for Houston Astros that required winning 63 or more games during 2014 seasons. Mattress Mack promised to refund the first 500 customers who purchased furniture worth $6,300 or more.

As of 2022, The net worth of Mattress Mack (Jim McIngvale) is $80 million. Most of Mattress Mack’s fortune comes from his ownership and running the Gallery Furniture retail chain. Also, Mattress Mack has earned from the sale of his co-authored book entitled ‘Always Think Big’ published in 2002. Mattress Mack is popular for his sales slogans such as ‘Saves you money!’ (Source: www.thewealthrecord.com)

 

 

Related Articles