What is Scrub Daddy’s net worth? Scrub Daddy is a US multinational company that deals in cleaning tools like smiley face erasers, sink dispensers, scrubbers, sponges, and accessories. It is the third-biggest sponge provider in America.
Aaron Krause is the owner, founder, and CEO of Scrub Daddy. He is an entrepreneur and inventor with a net worth in the millions. He was born on 1st February 1969 in Wynnewood, Pennsylvania, United States into a family of two doctors. Scrub Daddy’s net worth has grown exponentially since it was showcased on Shark Tank and is now regarded as one of the greatest monetary success stories in the US since 2012. The product is now sold worldwide and makes regular appearances on QVC. So, how rich is Aaron Krause?
|Full name||Aaron Krause|
|Born Place||Wynnewood, Pennsylvania, U.S.|
|Date of Birth||February 1, 1969|
|Age||52 years old|
|Net Worth||$70 Million|
Aaron Krause, the creator of Scrub Daddy, is often referred to as Scrub Daddy’s “Daddy.” Scrub Daddy is a brand that was started in 2008 and gained popularity after Aaron featured his product on the reality show “Shark Tank.” As a result, Lori Greiner signed a $200,000 enterprise contract in exchange for a 20% stake in Scrub Daddy based on his Scrub Daddy concept.
Lori Greiner, who launched the Scrub Daddy product on QVC, was a key player in Aaron’s success. Lori, nicknamed “The Queen of QVC,” helped with the development of his product and delivered it to major retailers such as QVC, Walmart, Target, and Bed Bath & Beyond. Scrub Daddy quickly became a best-seller.
According to Investopedia, Lori Greiner’s company made $209 million in sales after she put in $200,000 for a 20% stake in 2012. Seven minutes after investing in Aaron’s company, the company sold 42,000 sponges.
This means that Greiner has reportedly profited over $9 million from the booming sales of the company’s products.
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