Scrub Daddy Net Worth is $310 million USD. Scrub Daddy makes $82 million in sales Yearly. Scrub Daddy is a cleaning product company that has made a net worth of $310 million in 2023 known for its famous eponymous sponge produced in the shape of a smiley face. It also appeared on the reality television show Shark Tank, and after this, its product gained wide popularity in the United States.
Scrub Daddy also became the highest revenue of any product successfully pitched on shark tank. It was founded by Aaron Krause, which he invested in after seeing the issue related to damaging the exterior of a vehicle when cleaning the outside. It was founded in 2012 along with grassroots marketing. You may also like Tucker Carlson Net Worth.
It saw the shark tank in 2012, and after seeing the potential in the product, sharks have invested in this product. Lori Greiner has invested in a 20% equity stake deal with Krause for $200,000. It has gained thousands of customers after the show’s release on television. It has sold 42,000 sponges in under seven minutes on QVC. It has crossed the total revenue of $100 million in 2017. It is a well-known product with a total revenue of $209 million. The company also makes scouring pads, dual-sided sponges, sink organizers, soap dispensers, and household erasers. The shark tank investor has made a portfolio after investing in this product.
Scrub Daddy Net worth
Scrub Daddy made a net worth of $310 million in 2023. The company has made this net worth over time since it started in 2012 but has grown massively after seeing Shark Tank. It crossed the revenue of $100 million in 2017, which can be understood from the sale of 42,000 sponges in under seven minutes after an appearance on Shark Tank. In 2019, it earned revenue of $209 million. It is now a leading company in the product category of sponge products.
|Net Worth||$310 Million|
|Sales Revenue||$82 Million|
|Lori Greiner Investment||$200,000|
|Lori Greiner Share Value||$60 Million|
|Shark Tank Episode||Season 4 Ep.7|
Scrub Daddy Founder
Aaron Krause founded a famous product company for cleaning products. He has made creativity in the form of a smiley face in a sponge which attracts customers. He shows his creativity in the shark tank and impresses the investor on the show. Lori Greiner invested in this show in 2012, which is about 20% now grown massively, giving her good returns.
Scrub Daddy Inception
It was first acquired by the company 3M in 2008; until then, it was not a famous company. Scrub Daddy was founded in 2012, as per the details mentioned on the website. The idea came after seeing the issue of damaging a vehicle’s exterior while cleaning the outside. Since then, the company has made massive growth after appearing on the reality television show Shark Tank. Its Headquarters is at 1700 Suckle Highway, Pennsauken Township, NJ, USA. Checkout Joe Rogan Net Worth
Scrub Daddy Net Worth Trend
|Scrub Daddy Net Worth 2023||$310 Million|
|Scrub Daddy Net Worth 2022||$275 Million|
|Scrub Daddy Net Worth 2021||$230 Million|
|Scrub Daddy Net Worth 2020||$280 Million|
|Scrub Daddy Net Worth 2019||$240 Million|
|Scrub Daddy Net Worth 2018||$185 Million|
Scrub Daddy Evolution
In terms of the evolution and growth of the company, the product has massively gained popularity after its presentation in the Shark Tank episode, where the investor Lori Greiner made a 20% equity stake deal with Krause. It has also acquitted thousands of customers after the product’s popularity, which can be determined from selling 42,000 sponges in under seven minutes on QVC. It achieved $209 million in revenue in 2019.
It has also made a good team of more than 273 employees, with 160 products sold in 257,000 retail locations. It also became the top 5 grossing company in Shark Tank history, with $670 million in retail sales since its launch. The company has also expanded to many other products, including scouring pads, dual-sided sponges, sink organizers, soap dispensers, and household erasers. It has also partnered with retailers of QVC, Bed Bath & Beyond, and Walmart.
Scrub Daddy: Awards & Achievements
Scrub Daddy’s achievement can be seen from its sales which have grown massively since its launch on the shark Tank in 2012. It has made many achievements since its launch and won awards. It has won awards for Product of the Year which is in the category of cleaning tools. It has also received recognition from famous Forbes and The New York Times platforms.
Frequently Asked Questions
What is the net worth of Scrub Daddy?
Scrub Daddy’s total net worth is around $310 Million.
Who is the founder of Scrub Daddy?
Aaron Krause is the founder of Scrub Daddy.
How much Lori make Invested in Scrub Daddy?
Lori invested around $200,000.