• April 19, 2024
Scrub Daddy Net Worth | Shark Tank, Income & Investments 

Scrub Daddy’s net worth is $310 million as he is the second successful product Ringer on Shark Tank. Scrub Daddy’s owner’s name is Aaron Krause. Also, he is a renowned entrepreneur and inventor of Sponge in America. Moreover, Aaron calls himself the “Daddy” of Scrub Daddy. Because for 20 years he has been producing such products. 

Further, Daddy is a proud owner of his products as he has made them will all the devotion, creativity, and hard work. Aaron Krause patents these products to big companies like 3M Company. 

However, Scrub Daddy gained fame and recognition when Aaron went to Shark Tank in 2012. There he mentioned the concept and product details of Scrub Daddy. Furthermore, Krause made sure to get the contract before leaving. And guess what he did get the contract with Lori Greiner for Scrub Daddy. 

You must be curious to know how Scrub Daddy net worth rose to $300 million. Let us go through the article below and learn about the growth of Aaron Krause. 

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Scrub Daddy Net Worth Growth

Net Worth in 2024 $310 million
Net Worth in 2023$300 million 
Net Worth in 2022$275 million
Net Worth in 2021$230million 
Net Worth in 2020$280 million 
Net Worth in 2019$250 million 
Net Worth in 2018$185 million

What Is Scrub Daddy Net Worth?

As of 2024, Scrub Daddy net worth is near $310 million. Annually, Aaron is earning around $80 million through the sale of Scrub Daddy products. Yet, Aaron Krause’s net worth is $100 million. 

After getting into Shark Tank, he rose to fame. Even the contract of Lori Greiner with Scrub Daddy was the most successful investment. 

The Scrub Daddy Company has more than 120 employees. Moreover, they are selling in over 100 countries starting from America to Africa. Besides, once Daymond John said that he regrets missing the chance of investing in Scrub Daddy in Shark Tank Show. 

Scrub Daddy & Lori Greiner

You can say that Shark Tank was the turning point for Scrub Daddy’s life. After coming on to the show Aaron got recognition worldwide. In 2012, Lori was the first investor in Scrub Daddy at that time. As she found the company’s potential. 

On the day of bidding, Lori Grenier started bidding on Scrub Daddy which was against Daymond John. Thus, she ended up getting 20% shares of the Scrub Daddy Company by investing $200,000. 

By now the shares of Lori reached $60 million. The decision to invest years back has now become fruitful for Lori Grenier. In decades, she has earned around $60 million in profit from her shares in Scrub Daddy. 

As soon as the show was aired a Hollywood star invested into Scrub Daddy. The investment was $500,000. The star is enjoying the $23 million worth of that investment now. 

Sales Of Scrub Daddy Products

After the episode of Shark Tank released where Lori invested in Scrub Daddy, there was a boom in sales of the products. After 1 year, the sales reached $30 million for Scrub Daddy. 

Whereas, in the present situation the sales are about to reach $80 million. And these earnings are only from Walmart and Amazon. You must have noticed that Walmart is the top seller of Scrub Daddy products. 

What Is The Background Of Scrub Daddy’s Owner?

Early Life

The inventor of Scrub Daddy is Aaron Krause. He calls himself the “Daddy” of Scrub Daddy’s products. Further, Aaron was born on 1 February 1969 in Pennsylvania’s neighborhood of Wynnewood. 

Aaron Krause was born to a doctor’s parents. His father was a cardiac surgeon and his mother was a pediatrician. So, Krause got a degree in psychology. Later he did a minor in 1992 in marketing from Syracuse University. 

Career

Aaron started his career in automobile detailing. After graduation, he started to work with vehicles. Which led him to success in 1994. While working he damaged a car and for that, he had to develop a pad. 

During this process, he invented a double-sided buffing pad which was able to solve the problem. Aaron did not stop and started to invent more such products that could help in solving problems for vehicles. 

You have heard that “Hard Work pays off” and it goes for Aaron Krause as well. His devotion and creativity made him a successful person. Therefore, in 2008 3M Company bought the budding pads from Aaron. As it is the largest manufacturing corporation, it bought the newly equipped products. 

Several years of workmanship, served Aaron. He came to know that these sponges can get soft in hot and cold water. This idea hit the jackpot for him. In 2012, Scrub Daddy was established for home shopping. 

Profile of Scrub Daddy

Established in 2012
Net Worth $310 million 
Sales Revenue $82 million 
Profits $20 million 
Lori Greiner’s Share Value $60 million 
Shark Tank Episode Season 4, Episode 7

Conclusion

You cannot always depend on the luck to work for you. Just like Aaron Krause, he worked hard to achieve a lot in his life. Hence, that is the reason that Scrub Daddy net worth reached $310 million this year. 

Yet, you can say that his one decision to go to Shark Tank made him popular.  Lori Greiner had a chance to invest in Scrub Daddy’s business in the same episode. Similarly, she earned a profit of around $60 million. 

Scrub Daddy is a popular brand in households. Whereas, its biggest sellers in America are Amazon and Walmart. However, they do supply in Africa as well. 

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FAQ’s

How much is the Scrub Daddy company worth?

Scrub Daddy net worth is $310 million as he is the second successful product Ringer on Shark Tank. Scrub Daddy’s owner’s name is Aaron Krause. Also, he is a renowned entrepreneur and inventor of Sponge in America.

Who owns Scrub Daddy now?

Aaron Krause is a proud owner of his products as he has made them with all devotion, creativity, and hard work. Aaron Krause patents these products to big companies like 3M Company.

Is Scrub Daddy owner a millionaire?

Aaron Krause’s net worth is $100 million. Annually, Aaron is earning around $80 million through the sale of Scrub Daddy products.

How much does Scrub Daddy CEO make?

As of 2024, Scrub Daddy net worth is near $310 million. Annually, Aaron is earning around $80 million through the sale of Scrub Daddy products. Yet, Aaron Krause’s net worth is $100 million. 

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