James McIngvale Net Worth

Jim McIngvale Net Worth

How rich is Jim McIngvale?

Jim McIngvale net worth is
$75 Million

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Jim McIngvale Net Worth 2018, Biography/Wiki, Married/Wedding

Jim McIngvale net worth: He’s best known as the owner and operator of the Gallery Furniture retail chain. He coauthored the publication Always Think Big in 2002. He’s known for his dynamic sales pitches that finish in the catch phrase “saves you cash!”. He began Gallery Furniture with $5,000 in 1981. After his company began to slow down he took his last $10,000 and invested it into local television advertisements in 1983. The retail chain was rated in Furniture Today’s Top 100 Furniture Retailers for a long time and sells about $200 million a year. When they did the business needed to refund an estimated $7 million of furniture purchases. He offered the same promotion in 2014 if the Houston Astros won 63 or more matches throughout the normal season he’d refund the first 500 customers who bought furniture worth $6,300 or more. McIngvale began a fresh line of Mack O Pedic mattresses in 2014.

Quick Facts

Birth date: February 11, 1951
Birth place: Starkville, Mississippi, U.S.
Spouse:Linda McIngvale
Children:Elizabeth McIngvale, Laura McIngvale, James McIngvale

Interesting Facts

1Release of his book, "Always Think Big" by Jim with Thomas Duening and John Ivancevich. [March 2002]
2His daughter, Laura, appeared in a commercial for their family business, "Gallery Furniture".
3Celebrating the 30th anniversary of the opening of "Gallery Furniture" in Houston, Texas [2011].
4His daughter, Laura Brown, gave birth to Jim's first grandchild, a girl named Sydney Ruth Brown.
5His daughter, Laura McIngvale Brown, and her husband, chef Phillip Brown, are partners with Vince Young of Young's "Vince Young Steakhouse".
6Originally from Dallas, he went to college at the University of Texas where he played football though he mostly rode the bench. He was a member of the 1969 Longhorn's national championship team.
7After college, he was involved in various unsuccessful endeavors and ended up almost 30 years old, broke, without a car and working in a convenience store. After getting fired, he decided it was time for an attitude change and got a job working for a furniture store on the other side of Dallas from where he lived. He learned the furniture business and developed better work habits. He decided to go into the furniture business for himself. His brother, who was living in Houston, found the perfect location for him -- the abandoned model home park which became the first location of Gallery Furniture. He and his new wife, Linda McIngvale moved to Houston.
8The cause of the fire at the Gallery Furniture warehouse was declared arson by ATF on May 28, 2009.
9He has a five-car garage for his Ferrari collection. He is one of the largest owners of thoroughbred racehorses in Kentucky. His goal is to win the Kentucky Derby. He got into horseracing because his daughter and sister-in-law both liked horses.
10The warehouse at the original location of Gallery Furniture in North Houston burned down on May 21, 2009, but the showroom was spared.
11Was a supporter of Mitt Romney's 2008 presidential campaign.
12Father of three children. His youngest daughter, Elizabeth McIngvale, is the founder of "Peace of Mind", a non-profit organization devoted to the research and cure of Obsessive Compulsive Disorder, having struggled with OCD, herself, for several years. His son is named James McIngvale, Jr. and his older daughter is named Laura McIngvale Brown.
13Opened his second Gallery Furniture store in the Galleria area of Houston, Texas in March, 2009.
14Friend of Steffi Graf and Andre Agassi through his Westside Tennis Club.
15Heavily involved in charity and sports in Houston, Texas.
16Owner of Westside Tennis Club in Houston, Texas.
17Owner of Gallery Furniture (which he opened in 1981) in Houston, Texas.




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