Jim McIngvale Net Worth
$300 million
| Name: | Jim McIngvale |
| Date of Birth: | February 11, 1951 |
| Age: | 71 years old |
| Height: | 5 ft 8 in |
| Profession: | Businessperson |
| Nationality: | United States of America |
| Religion: | catholicism |
| Net Worth: | $300 million |
Jim McIngvale, a.k.a. “Mattress Mack,” is the founder of the furniture store chain, “Mack’s.” He is also a philanthropist and entrepreneur who has an estimated net worth of $300 million
Jim McIngvale Early life
Jim McIngvale is a man who was born on February 11, 1951 (Age 70) in Starkville, Mississippi, and is a self-made millionaire. He graduated from Bishop Lynch High School in Dallas and attended North Texas State University, in Denton where he played football.
McIngvale grew up in Houston, Texas, with his parents and five siblings. two brothers and three sisters, these siblings’ names are George, Ralph, Mary, Julia, and Angela.
Jim McIngvale Personal Life
Jim McIngvale has been married to Linda for over 30 years. They have been blessed with 3 children together by name of James, Laura, and Elizabeth They also adopted a daughter named Regina and 5 grandchildren, these names are James, Eden, Caleb, Olivia, Brody, and Sydney. Notably, they live in Houston, Texas but also own homes in Aspen, Colorado; Vail Valley, Colorado; and Pebble Beach, California
Jim McIngvale Career
He started the company in 1978 by leasing a single storefront location in Houston, Texas. With hard work and determination, he has grown the business to more than 100 stores across the country.
Jim McIngvale is the owner of Gallery Furniture, a Houston-based furniture store. He started his career by selling furniture from the back of a truck in 1979. He then turned around a struggling furniture store and turned it into one of the most successful retail chains in America.
He has founded a number of other companies including the chain of mattress stores, American Mattress Company, and JMC Steel.
In 2005 he was named by “Fortune” magazine as one of America’s 25 Most Generous People for donating over $100 million to charity.
Gallery Furniture, and the Houston-based mattress retailer, Mattress Firm. These two companies have made him one of Houston’s most successful entrepreneurs.
McIngvale has donated to various charitable organizations in the Houston area. Some of these include Hurricane Harvey relief and Hurricane Katrina relief.
He has also donated to various other charities such as The American Red Cross, The Salvation Army, and Habitat for Humanity International.
In addition to being a successful entrepreneur, Jim McIngvale is also an author of books: “Always Think Big” Jim has been running his business for over 35 years now and he has managed to grow it into a billion-dollar company. The success of his business can be attributed to his hard work and dedication to his work. He also believes that luck played a big role in this success.
Jim McIngvale Net Worth
Jim McIngvale is a businessman in Houston, Texas. He is the owner of the furniture store chain, Gallery Furniture. Jim McIngvale net worth is $300 million.
Jim McIngvale is also an investor who has founded or co-founded over 20 different companies.
McIngvale is an avid supporter of philanthropic endeavors, especially those related to children. He founded the McIngvale Foundation in 1993 and has donated more than $200 million to various charitable organizations.
In 1978, Jim McIngvale started his first furniture store in Houston, Texas with $5,000 and space in a strip mall. The store was called Gallery Furniture and it sold bedroom suites for $199.
He opened his second store in 1980 and expanded to Dallas in 1988. In 1992, McIngvale opened his first outlet store which was the first of its kind in the nation for selling high-end furniture at discount prices.
In 1994, he moved his headquarters to Dallas and opened two more stores there before opening two stores in San Antonio in 1995.
Conclusion
The conclusion is that jim McIngvale has not only succeeded in building a family empire but also created a business model for others to follow.
McIngvale believes that Houston will come back stronger than ever after Hurricane Harvey.