Scrub Daddy Net Worth is $300 million US Dollars. Scrub Daddy makes $80 million in sales annually. Considered the second most successful product on Shark Tank behind Ring (Doorbot), Scrub Daddy is Lori Greiner’s most successful investment. Aaron Krause is the founder of Scrub Daddy. Aaron Krause’s personal net worth is $75 million.
Scrub Daddy Net Worth
Lori Greiner & Scrub Daddy
Lori Greiner is the only investor on the Shark Tank that day who saw the real potential of Scrub Daddy. Due to a bidding war with Daymond John, Lori has ended up investing $200,000 for a 20% stake in the company.
Lori Greiner’s share in Scrub Daddy is now worth $60 million. Lori is also enjoying the dividend payouts from Scrub Daddy, which amount to over $1 million each year. As of today, Lori has earned over $12 million in profits from Scrub Daddy.
Do You Know: After the episode aired on Shark tank, a top Hollywood actor invested $500k into Scrub Daddy. His equity is now worth a whopping $23 Million.
Scrub Daddy Sales
Scrub Daddy’s sales revenues have skyrocketed since Lori took over the marketing through QVC. After the first twelve months of airing on Shark Tank, Scrub Daddy has made over $30 million in sales.
Currently, Scrub Daddy sales are projected at $80 million, which are mostly through Walmart and Amazon. It is one of the all-time best-selling items in Walmart.
Scrub Daddy currently employs over 120 people. Scrub Daddy is now selling in over 100 countries, from Africa to the Americas. Daymond from Shark Tank once and again mentioned that missing an investment in Scrub Daddy is the biggest regret of his life.
Scrub Daddy Founder
Aaron Krause is the founder of Scrub Daddy, a company known for its innovative and popular cleaning sponge. He launched Scrub Daddy in 2012 after appearing on the TV show Shark Tank. Aaron’s net worth is now over $100 million.
Scrub Daddy Net Worth Timeline
|Scrub Daddy Net Worth 2023
|Scrub Daddy Net Worth 2022
|Scrub Daddy Net Worth 2021
|Scrub Daddy Net Worth 2020
|Scrub Daddy Net Worth 2019
|Scrub Daddy Net Worth 2018
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Scrub Daddy Update
Scrub Daddy is a household cleaning product company that gained widespread recognition for its innovative and versatile cleaning sponge. The company was founded by Aaron Krause, an entrepreneur, and inventor, in 2012.
The story of Scrub Daddy began when Aaron Krause, with his background in manufacturing and entrepreneurial spirit, developed a unique material called FlexTexture. This revolutionary material changes its texture based on the temperature of the water used during cleaning.
Krause’s creation caught the attention of the producers of the popular TV show Shark Tank. In 2012, he appeared on the show to pitch his product and managed to secure a deal with investor Lori Greiner.
Scrub Daddy’s success continued to grow after its appearance on Shark Tank. The product became a favorite among consumers and received positive reviews for its durability, cleaning power, and ability to resist odors.
The popularity of Scrub Daddy also led to partnerships with major retailers, including QVC, Bed Bath & Beyond, and Walmart.
The product has been awarded the “Product of the Year” title in the cleaning tools category and has garnered attention from media outlets such as Forbes and The New York Times
Lori Greiner’s share in Scrub Daddy is now worth $60 million.
After the first twelve months of airing on Shark Tank, Scrub Daddy has made over $30 million in sales.
Yes. Scrub Daddy is earning $19 million in profits each year.
As of my knowledge cutoff in September 2021, Aaron Krause, the founder of Scrub Daddy, remained the owner of the company.