As per the latest update from Shark Tank, Scrub Daddy’s Net Worth is $350 million as of 2024. The company generates $80 million in sales annually and made huge profits for Lori Greiner.
Considered the second most successful product on Shark Tank behind Ring (Doorbot). Aaron Krause is the founder of Scrub Daddy. Aaron Krause’s personal net worth is $75 million. Scrub Daddy’s net worth before Shark Tank was $900K.
Scrub Daddy Net Worth 2024
| Net Worth | $350 Million |
| Net Worth Before Shark Tank | $900,000 |
| Annual Sales Revenue | $80 Million |
| Profits | $19.5 Million |
| Lifetime Sales | $2.4 Billion |
| Employees | 100+ |
| Cash in Bank | $11 Million |
| Available In | 16,000+ Stores |
| Investor | Lori Greiner |
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.
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. No wonder it has such high net worth.
Scrub Daddy currently employs over 120 people. Scrub Daddy is now selling in over 100 countries, from Africa to the Americas as is considered the product with second highest net worth in all of Shark Tank history.
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.
Valuation Timeline
| Net Worth in 2024 | $300 Million |
| Net Worth in 2018 | $100 Million |
| Net Worth in 2012 | $1.8 Million |
Scrub Daddy Update
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.
The popularity and net worth 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.
FAQs
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.
Aaron Krause, the founder of Scrub Daddy, remained the owner of the company.