Do you want to know how much Scrub Daddy is worth and whether it’s still a successful business?
If so, then look no further! The U.S. Whispers website estimates the net worth of Scrub Daddy to be $250 million, making its founder and CEO Aaron Krause one of the most successful entrepreneurs in America.
Since appearing on Shark Tank in 2012, Scrub Daddy has seen incredible success with its unique product being available everywhere from QVC to stores across the country.
So how did this all come about? Let’s take a deep dive into how Aaron Krause achieved such an impressive feat and how he continues to keep his business relevant today.
Aaron’s Profile Summary
Aaron Krause, born and raised in Wynnewood Pennsylvania, is one of the most successful businessmen of modern times.
Born on February 1st, 1969 and now 52 years old, Aaron built his fortune from humble beginnings, starting his venture into entrepreneurship in 1991.
After completing his studies at Syracuse University, he worked as a volunteer paramedic in Philadelphia and realized the value of small things that make life easier.
From then onwards, he founded several companies that have since become multimillion-dollar corporations – eventually culminating in a net worth of $70 million.
Aaron is married to Stephanie Krause and takes inspiration from her resourcefulness when it comes to business. He’s certainly come a long way since his first entrepreneurial journey!
What Is Scrub Daddy’s net worth?
Founded in 2012, Scrub Daddy offers the world’s premier cleaning company for homes and businesses. Its most recognized product is the iconic yellow grin smile sponge made of patented foam technology.
Thanks to its appearance on Shark Tank, it received record-breaking sales, with 1 million sponges purchased within 56 days and a value of 110 million retail sales in four years.
As of 2021, Scrub Daddy has generated $100 million in revenue and sold over 10 million items since its debut pitch on Shark Tank – leading to U.S. Whispers valuing their net worth at $250 million.
It’s no surprise that Scrub Daddy has amassed a considerable net worth of $250 million; the Shark Tank-featured housecleaning product has enjoyed explosive success since its pitch in 2012.
In fact, just four years later it generated 110 million in retail sales and had sold over 10 million items. Since then, it has only seen further increases in revenue– in January 2017 its income surpassed $100 million, with a jump to $209 million when one of its items was featured on the television program.
Most recently, Scrub Daddy’s revenues have grown 80% due to selling 20 more products, and it is expected to increase another 50% to reach over $100 million.
Clearly, when it comes to effective housecleaning solutions that generate big bucks, Scrub Daddy reigns supreme.
Invention And Success Of Scrub Daddy
Aaron Krause, the founder and inventor of the popular Scrub Daddy sponge, revolutionized cleaning products with his inspired idea.
What started as a small problem in need of a solution while working at his car detailing business blossomed into an innovative product that is now sold around the world.
Not only did Aaron develop a genius item to tackle tough grime, but he also recognized how to leverage the power of branding to promote his product successfully.
With this combination of creativity and enterprise, Aaron has made Scrub Daddy an immense success.
Aaron Krause’s Net Worth
Aaron Krause has certainly made an impressive impact in the world of cleaning supplies, as his net worth will reach a whopping $70 million by 2022.
Thanks to Scrub Daddy, one of his most successful products, Aaron has been able to use his innovative thinking and cash in on millions. Over 25 million of these smiley-faced sponges have been sold (and who knows how many more by 2022!).
Advertisements for Scrub Daddy are currently being posted on TikTok; this smart move has seen significant improvements to the company’s revenue.
With so much money at stake, it’s no surprise that Aaron is eager to get the word out about Scrub Daddy and make sure its success continues!
How Much Money Did Lori Make On Scrub Daddy?
Through her investment in Scrub Daddy, Lori Greiner has made quite a fortune. She invested $200,000 for an initially shocking 20% share in the 2012 company, which turned out to be a golden investment move.
Seven incredulous minutes after she initially made the investment, the company had already sold an impressive 42,000 sponges.
Amazingly, this initial success only grew over time and Investopedia estimates that product sales for the company have amounted to an astonishing $209 million.
As the result of this success, reports suggest that Lori herself has earned more than a staggering $9 million from her initial investment in Scrub Daddy – testament to her savvy entrepreneurial skills!
Aaron Krause’s net worth may have taken a different direction if he had not strived to never give up.
Despite his initial rejection, Aaron did not allow this to hold him back from achieving success. His pursuit of excellence paid off with the invention of Scrub Daddy, a uniquely-textured sponge and skincare product that changes its texture depending on the water temperature.
Due to its outstanding quality, Scrub Daddy’s popularity has caused Aaron’s net worth to skyrocket, making him well-known and wealthy.
Aaron’s story is not entirely unique as the online sensation Bella Poarch also attained wealth and fame by following her dreams.
Her rise in popularity has inspired others who are aspiring for similar accomplishments to bravely pursue their goals no matter what odds they face.
Aaron Krause’s success story is one of the most inspiring stories in modern business and entrepreneurship.
He was turned away from the “Shark Tank” in 2012, but he never gave up on his dream of launching a unique cleaning product. His determination paid off in 2014 when he appeared and won $200,000 to launch the Scrub Daddy.
The success of Scrub Daddy has made Aaron Krause a millionaire and his net worth is estimated to be around $70 million.
Lori Greiner, the investor in Scrub Daddy, also made a fortune with her 20% stake in the company as she has earned more than $9 million from her initial investment.
The inspiring stories of Aaron Krause and Lori Greiner have shown how determination, hard work, and creativity can help anyone to achieve success.
Therefore, it is crucial for entrepreneurs to never give up on their dreams and keep pushing forward in order to reach their goals. With the right strategy, anyone can make a fortune like Aaron Krause and Lori Greiner.