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Jim Mcingvale Net Worth: How Rich Is the Businessman in 2022?

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Mcingvale is an American businessman who is best known for owning and running the retail chain known as Gallery Furniture. The Jim Mcingvale net worth is estimated to be $300 million as of 2022.

businessman jim mcingvale speaks at the Fifth Annual UNICEF Gala
HOUSTON, TX – MAY 04: Honoree Jim McIngvale speaks onstage during the Fifth Annual UNICEF Gala Houston 2018 at The Post Oak Houston on May 4, 2018 in Houston, Texas. (Photo by Bob Levey/Getty Images for UNICEF)

Early Life

Full NameJames Franklin McIngvale
Birth Date / AgeFebruary 11, 1951 / 70 Years Old
Birth PlaceStarkville, Mississippi, USA
Source of WealthRetail Business
Relationship StatusMarried To Linda Mcingvale
Height5 ft. 8 in. / 174 cm.
Net Worth$300 Million

James Franklin Mcingvale was born in February of 1951 in Starkville, Mississippi to parents George and Angela. He has five siblings, two brothers by the names of George and Ralph and three sisters named Mary, Julia, and Angela.

Interestingly, he and his brother George were very close before his unfortunate death in 2008. In fact, they lived together for many years. George was a very accomplished football player, he started at center on the 1969 Texas Longhorns NCAA championship team.

Jim was also a successful athlete in his own right growing up. After completing his studies at Bishop Lynch High School in Dallas, Mcingvale went on to play football at the University of North Texas, in Denton.

It’s not known what degree Mcingvale received from North Texas. However, we are aware that he got a job at a convenience store and then at a furniture store following college.

businessman jim mcingvale attends the fifth annual UNICEF gala in 2018
HOUSTON, TX – MAY 04: Honorees Jim McIngvale (L) and Linda McIngvale attend the Fifth Annual UNICEF Gala Houston 2018 at The Post Oak Houston on May 4, 2018 in Houston, Texas. (Photo by Bob Levey/Getty Images for UNICEF)

Jim Mcingvale Net Worth

The man many know as Mattress Mack started his empire after purchasing an abandoned model home park in a lot overgrown with weeds off of I-45 in the Lone Star State. That was the beginning of Gallery Furniture.

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The store did well early on thanks to the influx of people moving into the area during the oil boom. However, sales dipped during the oil bust, which forced Jim to get more creative.

Around this time, he invested his last $10,000 in a television commercial. His ad-libbed sales pitch on the ad was a smashing success, elevating sales immediately.

Reports indicate that Gallery Furniture has earned an estimated $200 million in revenue per year in the past. As of this point, the privately-owned business is one of the most successful furniture retailers in the United States.

In 1992, Mcingvale and his wife executively produced the Chuck Norris starring film titled Sidekicks. The movie grossed a little over $17 million in the U.S. and in return, Norris appeared in some Gallery Furniture commercials.

A decade later, the businessman mogul co-authored the book Always Think Big with Thomas Duening and John Ivancevich. The work chronicled Mcingvale’s entrepreneurial career.

While Mattress Mack doesn’t have the largest fanbase on social media, he does possess roughly 9,000 followers on his personal Instagram account. Undoubtedly, he is more active on Twitter, where he has 81,300 followers.

Big Bets

A diehard fan of the Houston sports teams, Mcingvale has made headlines in the past for his outrageous wagers. In actuality, he has not been all that successful with his sports bets.

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Over the past handful of years, he has lost several million dollars betting against the Kansas City Chiefs. However, he did drop $3.4 million on the Tampa Bay Buccaneers to cover the (+3.5) spread against the Chiefs in Super Bowl LV. The Bucs stomped the Chiefs 31-9, making Mack a winner.

Personal Life

Before getting into the furniture business, Mcingvale tied the knot with his beloved wife Linda. The couple has three biological children together by the names of James, Laura, and Elizabeth. They also adopted a daughter named Regina.

By this point, they have six grandkids named James, Eden, Caleb, Olivia, Brody, and Sydney. Notably, Linda runs the Club Westside fitness facility in Texas.

Mcingvale has done a lot of philanthropic work throughout the years as well. During local hurricanes and tropical storms, he aided the community by providing free meals and shelter to those affected by the crisis.

Jim Mcingvale Net Worth

The Jim Mcingvale net worth figure of $300 million has been amassed from his furniture empire that he has created with Gallery Furniture. Netting a profit of $200 million in some years has substantially helped his net worth. Moreover, his other endeavors have elevated the number as well.

Jim Mcingvale

businessman jim mcingvale attends the fifth annual UNICEF gala in 2018
HOUSTON, TX – MAY 04: Honorees Linda McIngvale (L) and Jim McIngvale attend the Fifth Annual UNICEF Gala Houston 2018 at The Post Oak Houston on May 4, 2018 in Houston, Texas. (Photo by Bob Levey/Getty Images for UNICEF)
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