Scrub Daddy Net Worth 2024: Shark Tank Valuation and Assets

The Cleaning product company, Scrub Daddy’s Net Worth is estimated to be $310 million and Scrub Daddy makes $82 million in sales Yearly. Scrub Daddy

Alex

Scrub Daddy Net Worth

The Cleaning product company, Scrub Daddy’s Net Worth is estimated to be $310 million and Scrub Daddy makes $82 million in sales Yearly. Scrub Daddy is a cleaning product company that has made a wealth of $310 million in 2024. Scrub Daddy is 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.It saw the shark tank in 2012, and after seeing the potential in the product, sharks have invested in this product. You may also like David Tepper Net Worth.

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. Scrub Daddy 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 2024. 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
Profits$20 Million
Lori Greiner Investment$200,000
Lori Greiner Share Value$60 Million
Shark Tank EpisodeSeason 4 Ep.7

Scrub Daddy is a cleaning product company best known for its eponymous sponges, which are made of a special polymer that changes texture from firm in cold water to soft in warm water. The sponges are also dishwasher-safe and odor-resistant.

Scrub Daddy Products

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. Check out Canelo Alvarez Net Worth .

Scrub Daddy Net Worth Trend

Scrub Daddy Net Worth 2024$310 Million
Scrub Daddy Net Worth 2023$275 Million
Scrub Daddy Net Worth 2022$230 Million
Scrub Daddy Net Worth 2021$280 Million
Scrub Daddy Net Worth 2020$240 Million
Scrub Daddy Net Worth 2019$185 Million
Scrub Daddy in Shark Tank USA

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.

Scrub Daddy 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 and Beyond, and Walmart. Must Check Mitchel Musso Net Worth.

Scrub Daddy: Awards and 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. Scrub Daddy has also received recognition from famous Forbes and The New York Times platforms.

FAQs

What is the net worth of Scrub Daddy?

Scrub Daddy’s total net worth is around $310 Million US dollars.

Who is the founder of Scrub Daddy?

Aaron Krause is the founder of Scrub Daddy.

How much does Lori make Invested in Scrub Daddy?

Lori invested around $200,000.

Is Scrub Daddy profitable?

Yes, Scrub Daddy is profitable. The company generates an estimated $20 million in profits each year.

Who is the owner of Scrub Daddy now?

Aaron Krause, the founder of Scrub Daddy, remains the owner of the company.

How much money has Lori Greiner made from Scrub Daddy?

Lori Greiner invested $200,000 in Scrub Daddy in 2012 and now owns 20% of the company. Her share of Scrub Daddy is now worth an estimated $60 million.

Is Scrub Daddy still making money?

Yes, Scrub Daddy is still making a lot of money. The company is estimated to generate $82 million in sales annually.

Alex

Alex is a writer based out of San Diego. Alex is the Entertainment and Finance Freelance News Writer for CAknowledge. He was brought on to the staff in January 2023. The passion for music and sports and Finance has always been there and being able to share it through writing is extremely fulfilling for him. Alex looks to bring the very best content for the site.

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