Who is Mack Mattress? What to know about the Houston furniture mogul


Although he’s a household name to Houstonians, people who aren’t from here may wonder what the story is behind Jim McIngvale, the Houston furniture magnate also known as “Mattress Mack.”

Long before he became a social media sensation during the Houston Astros’ 2022 World Series, McIngvale was known for his over the top advertisements and promotional offers for gallery furniture — and his multimillion-dollar sports bets.

If you’re new to Houston culture and haven’t heard of Mattress Mack yet, here’s everything you need to know.

Who is Mattress Mack and how did he get his money?

McIngvale is the owner of the Houston Gallery Furniture chain of stores. As of November 2022, McIngvale’s net worth is estimated at $300 million.

The king of “free, free, free” promotions

Locals associate the Ingavale store with its “Free, Free, Free” furniture offerings that are usually contingent on an Astros win or other major sporting events. While many first learned of the promotions during the Astros’ push for their first-ever championship, the promotions actually began before the 2017 World Series, when customers with purchases over $3,000 cashed out and Gallery Furniture has repaid over $10 million.

In 2014, the Houston-based company offered free furniture to the first 500 customers who spent $6,300 or more at Gallery Furniture if the Astros won at least 63 games in the regular season. The Customers also won that time, as the Astros went 70-92 during George Springer’s rookie season.

Mack and sports betting

McIngvale also gained notoriety through his huge sports betting.

In 2022, McIngvale won a record $75 million after betting $10 million early in the baseball season on the hometown Astros to win the World Series.

Over the years, Mack has placed several multi-million dollar bets, including on the Super Bowl and college football playoffs.

Mack uses sales from its mattress promotions as a hedge against potential betting losses. Regardless of the outcome on the field, Mack ends up winning.

Political endorsements

Besides his influence in the furniture and betting industry, Mack is no stranger to endorsing political candidates, consistently voting in the Republican primary, according to voting records.

He previously endorsed a host of Republicans, such as Congressman John Culberson in 2018 according to KHOU 11, Texas Land Commissioner George P. Bush in 2018, and Pierce Bush in Texas’ 22nd congressional district in 2020, according to the Fort Bend. Independent. McIngvale surprised some by endorsing some Democratic candidates like Harris County District Attorney Kim Ogg for his second term in 2020 and Houston Mayor Sylvester Turner for his second term in 2019.

The majority of these contestants won their respective races.

In 2022, McIngvale became an early supporter of Alexandra del Moral Mealer, donating $448,000 to the Republican campaign to overthrow narrowly re-elected Harris County Judge Lina Hidalgo.

Philanthropy and community work in Houston

In addition to donating free furniture, Mack is proud to give back to Houston and the community in charitable need. In the past, he has worked on special projects like helping build the first mobile stroke unit in the United States, for patients in Houston, as well as raising millions for the Bush-Clinton Tsunami Disaster Relief Fund.

He was one of many community leaders who helped bring relief to Hurricane Ida survivors by organizing a donation site at Gallery Furniture to collect items such as toiletries, bottled water, pet food and non-perishable food. He partnered with Crime Stoppers over the summer to help keep kids safe citing an increase in crime.

In 2022, Mack surprised a badly injured U.S. Army Staff Sergeant in Afghanistan with $20,000 worth of new furniture to complement the trio of major gifts the soldier had already received, including a mortgage-free home and land to build the house of the operation FINALLY AT HOME. and Howard Hughes Corporation.

Mack also treated the Pearland Little Leaguers to an Astros game and donated $20,000, and teamed up with the Astros and former Houston shortstop Carlos Correa to honor a victim of Uvalde and his family with a new home.

Source link