Scrub Daddy, the third-largest sponge provider in America, specializes in cleaning tools, including smiley face erasers, sink dispensers, scrubbers, sponges, and accessories.
Founded in 2012 by entrepreneur and inventor Aaron Krause, the company has experienced tremendous success since its appearance on Shark Tank, making it one of the most significant monetary achievements in the US.
In this article, we explore Scrub Daddy’s net worth and delve into the wealth of its founder, Aaron Krause.
What is Scrub Daddy inventor Aaron Krause’s Net Worth?
Since its Shark Tank debut, Scrub Daddy’s net worth has surged to millions, catapulting it into a position of unrivaled success in the cleaning tool industry.
The company’s innovative and popular products are now sold worldwide, with a regular presence on QVC, further contributing to its financial triumph.
According to the Back To Front Show website, Aaron Krause’s net worth, linked to Scrub Daddy’s success, is estimated to be an impressive $250 million.
The company’s remarkable growth can be attributed to selling over 10 million pieces and generating more than $50 million in revenue since its initial pitch in December 2012.
Just four years after its Shark Tank appearance, Scrub Daddy achieved a staggering 110 million in retail sales.
Subsequently, the company’s revenue continued to soar, reaching $100 million in January 2017 and surging to $209 million by October 2019.
Scrub Daddy proudly earned the highest income of any product pitched on Shark Tank. The launch of more than 20 products in 2021 further fueled Scrub Daddy’s growth, achieving an impressive 80% increase in revenue and setting the course for an additional 50% growth projection, targeting sales worth over $100 million in 2023.