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How An Entrepreneur Built A $240 Million Empire By Selling Furniture And Making Big Bets | Forbes
Posted
May 31, 2022
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May 31, 2022
43,509
392
13
0.93%
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2:53Now PlayingFor Jim McIngvale, the Houston furniture mogul known as “Mattress Mack,” placing multi-million-dollar wagers on big games has become a signature promotional tool and growth vehicle for his business. For years, McIngvale, who owns the three-store chain Gallery Furniture, has made his headline-grabbing wagers not for gambling glory, but as sensible hedges against his big sales promotions.
During the Super Bowl, March Madness, the World Series, and other events, Mack will place a giant bet on one team—either a Texas club or one closest geographically to his home state—and offer customers a full refund if they win.
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