Scrub Daddy has an estimated net worth of $300 million. Scrub Daddy is an indispensable company for every home with its innovative cleaning sponge. Founded by Aaron Krause in 2012, this company gained fame with a unique material called FlexTexture that changes texture according to the temperature of the water. The main event that increased the company’s recognition was the agreement with investor Lori Greiner in the TV show Shark Tank in 2012.
Scrub Daddy, which offers users more than a simple cleaning sponge, has become popular for its cleaning power, durability, and resistance to odors. Then the company established sales partnerships with Bed Bath & Beyond, Walmart, and OVC. Ultimately, it received awards in the category of cleaning tools and appeared in well-known publications such as Forbes and The New York Times.
| Scrub Daddy’s Founder | Aaron Krause |
|---|---|
| Net Worth | $300 million |
| Age | 54 |
| Date of Birth and Place | February 1, 1969 / Wynnewood, Pennsylvania |
| Occupation(s) | Entrepreneur, Founder of Scrub Daddy, Inventor |
| Nationality | American |
| Marital Status | Married with Stephanie Krause |
Who is Aaron Krause?
Born February 1, 1969, in Wynnewood, Pennsylvania, Aaron Krause is the inventor of the next-generation cleaning sponge, Scrub Daddy. Both his mother and father are doctors with successful academic careers. In addition, his siblings also have prestigious jobs. However, by pursuing his passions, Aaron created Scrub Daddy, which now has a million-dollar net worth and employs hundreds of people.
He graduated from Syracuse University with a degree in Psychology in 1992. However, he wanted to continue his life as an entrepreneur rather than an academic career. He first went into the detailed car cleaning business. The hands of those working in this industry were constantly getting oily, and Aaron thought of a solution. He invested in creating a pad that could be used for hand cleaning. Additionally, he invented polishing pads for vehicles and sold this product to 3M.
Aaron Krause believed in his invention’s quality, usability, and versatility, and he pursued it. In 2012, he joined Shark Tank and received an investment of 200,000 USD for a 20% stake. Thus began the adventure of Aaron Krause, which increased his net worth day by day.
What is Scrub Daddy?
Although the name Scrub Daddy is associated with Aaron Krause, it is the company name that produces cleaning products. The company’s main product is the smiling face cleaning sponges, which gave it its name. Unlike conventional cleaning sponges, it is made of polymer material. More than a simple cleaning sponge, it has a technology behind it. Sponges harden in cold water and become soft when in hot water.
The commercial adventure of nearly ten years has brought Scrub Daddy to a net worth of $300 million. Company founder and product inventor Aaron Krause has a net worth of $100 million. The Scrub Daddy currently sells over 100 different cleaning products. Its annual turnover is over 100 million dollars. Its sales since the day it was founded have exceeded 1 billion dollars.
| Father’s Name | Robert Krause |
|---|---|
| Mother’s Name | Shelly Krause |
| Children | Bryce Krause (Son) Sophie Krause (Daughter) |
| Education | Syracuse University- Psychology |
| Height | 6 ft (183 cm) |
| Weight | 145 lbs (66 kg) |
| Zodiac Sign | Gemini |
What is Scrub Daddy’s Net Worth in 2023?
The net worth of Scrub Daddy is around $300 million in 2023. With its groundbreaking products in the cleaning products category, annual sales of Scrub Daddy are over $100 million. It is estimated that approximately 20% of this sales figure is profit.
Scrub Daddy’s Company Profile
Scrub Daddy, Inc. is a mass-market manufacturer of revolutionary cleaning products. They aim to provide entertaining and functional household products that make daily life easier. Scrub Daddy is Shark Tank’s most successful success story.
- Industry: Cleaning Products
- Founded: 2012
- Headquarters: 1700 Suckle Highway Pennsauken Township, NJ, USA
- Website: www.scrubdaddy.com
- Main products: Scour Daddy, Sponge Daddy, PowerPaste, The Scrub Daddy
- Total Employees: 120+
Interesting Facts About Scrub Daddy and Aaron Krause
- Before inventing Scrub Daddy, Aaron Krause was in the detailed car cleaning business and developed other products.
- Aaron Krause’s family has academic careers, but Aaron followed his passions and went into business.
- Scrub Daddy sponges are produced from a polymer blend that changes texture according to the temperature of the water.
- Lori Greiner invested $200,000 for a 20% stake in Scrub Daddy and made more than $30 million from the sale of the shares.
- Within months of the Scrub Daddy episode airing on Shark Tank, the company had made millions of dollars in sales.
- One of the most important reasons for the success of Scrub Daddy is its multi-purpose use. It can be used in dishes, floor cleaning, automobiles, and many industries.
The Bottom Line: Here’s How Aaron Krause’s Net Worth Ballooned to $75 Million
Established by Aaron Krause in 2012, Scrub Daddy is known all over the world for its unique cleaning sponge and cleaning products and has a place in many markets from Africa to America. Scrub Daddy’s net worth is $300 million and continues to increase that value. Scrub Daddy generates more than $100 million in annual sales, and the founder Aaron Krause has a personal net worth of $75 million.
Thanks to the strategic partnerships they established after being in Shark Tank, the company became known worldwide. Aaron Krause’s entrepreneurial spirit and faith play a large part in the success of Scrub Daddy today. You may also be interested in the legend of luxury cars, auto executive and engineer Horacio Pagani’s net worth and his career steps.
About the Author: Nathan Rivers
