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About Scrub Daddy Net Worth
Scrub Daddy is a cleaning product company renowned for its signature sponges shaped like smiley faces. The majority of their products are crafted from a polymer that exhibits a unique texture alteration – becoming firm in cold water and soft in warm water. In 2019, Scrub Daddy achieved the distinction of having the highest revenue of any product that received investment on the ABC reality show Shark Tank.
Scrub Daddy Net Worth
Scrub Daddy has an estimated net worth of up to $300 Million.
| Net Worth: | $300 Million |
| Date of Birth: | 2012 |
| Age: | 11 years old |
| Gender: | Male |
| Profession: | cleaning products company |
| Nationality: | America |
| Country | America |
| Ethnicity | Wynnewood, Pennsylvania |
| Residence | America |
| Complexion | White |
Scrub Daddy Biography
Aaron Krause, the founder of Scrub Daddy, originally created buffing and polishing pads after accidentally damaging a vehicle’s exterior while cleaning. In 2012, he founded Scrub Daddy, Inc. through grassroots marketing efforts. The company gained significant recognition when it appeared on the TV show Shark Tank in October 2012, where Lori Greiner made a deal for a 20% equity stake in exchange for $200,000.
Following their Shark Tank appearance, Greiner and Krause quickly sold out of 42,000 sponges in under seven minutes on QVC. Greiner’s assistance helped Scrub Daddy secure placements in retail stores like Bed, Bath & Beyond. By January 2017, Scrub Daddy’s total revenues had exceeded $100 million, making it the highest-earning product in Shark Tank history. As of October 2019, the company’s cumulative sales reached $209 million.
In Season 14, Episode 13, it was reported that, within a decade, Scrub Daddy had grown to have 273 employees, a product line of 160 items, availability in 257,000 retail locations, and had become one of the top 5 grossing companies in Shark Tank history, amassing over $670 million in retail sales since its launch.
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