Aaron Krause Net Worth 2024: Age, Wife, Biography, Career
Aaron Krause is an American entrepreneur and founder of Scrub Daddy, a cleaning products company. He rose to prominence for his notable appearance in American television show, Shark Tank in 2012. Aaron Krause net worth of $100 million is testament of his highest revenue generated through widespread selling of products. Read this complete article to discover details regarding the multimillion-dollar business of Aaron Krause, his wife, age, height, career and much more.
Biography
| Full Name | Aaron Krause |
| Professional Name | Aaron Krause |
| Date of Birth | February 01, 1969 |
| Place of Birth | United States |
| Gender | Male |
| Age | 55 years |
| Zodiac Sign | Gemini |
| Nationality | American |
| Ethnicity | White |
| Religion | Christian |
| Height | 6 feet (182.88 cm) |
| Weight | 63 kg (138.89 lbs) |
| Parents | Father: Robert Krause Mother: N/A |
| Siblings | N/A |
| Spouse | Stephanie Krause |
| Kids | Bryce Krause & Sophie Krause |
| Education | Graduated in psychology from Syracuse University |
| Profession | Entrepreneur |
| Net Worth | $100 million |
| Last Updated | 05 February, 2024 |
Early Life
Aaron Krause entered this world on February 1, 1969 in the vibrant city Wynnewood, Pennsylvania. His parents were doctors. Aaron joined Syracuse University, and completed his Bachelor of Science in psychology in 1992 from there.
During his teenage years, Aaron gained valuable insights for his entrepreneurial journey from his parents’ car wash business. This invaluable experience provided him with several opportunities to craft his destiny and learn both business and engineering while pursuing his education at Penn State University.
Aaron Krause launched his own company named Smart Lites, which sold illuminated drink stirrers, testament of his engineering prowess and profitable approach in the business world. After completing his college, he explored other entrepreneurial ventures, of which the most notable was selling eco-friendly cleaning products.
Personal Life
Arun Krause tied the knot with Stephanie in 2010. They are currently residing in United States with their twin children named Bryce and Sophie.
Career Beginnings
Prior to the invention of Scrub Daddy, Aaron Krause was managing and working in his personal international enterprise specializing in buffing pad and car detailing company. As working all day in the car wash and repairing left his hands spoiled. That’s the reason, Aaron wanted to lessen the use of abrasive lotion GOJO for cleaning and thought to invent such a type of sponge which could be more efficient and effective.
For this, Aaron started working on the ideas of manufacturing urethane foam buffing pads, which he realized was a more convenient way to clean his hands. In 2007, he came under spotlight for his innovative polymer foam hand scrubber featuring grooves on one side and two holes punched out of the center. Initially, this product faced resistance from consumers, as they declared it very costly and unnecessary.
Consequently, Krause put all his foam based products in the garage and used it for cleaning furniture there. Meanwhile, his buffing pad merchandise attracted the attention of multinational conglomerate 3M. Krause soon realized that his products are lucrative, left an indelible mark on the household cleaning industry.
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This versatile scrubber hardens in cold water and cools down when placed in warm water, which quickly garnered attention of consumers. This hit product proved excellent for cleaning dishes, counters and other household surfaces. Following its debut on QVC, the addition of a unique smiling mouth as design on the scrubber became a symbol of household innovation which gained much popularity.
The grassroots marketing campaign, coupled with an article published in Philadelphia Inquirer attracted attention of consumers who were eager to use this unique cleaning product. In 2012, Scrub Daddy officially made its mark in the market and its journey of fame showcased on an additional four on-air QVC shows.
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Appearance in Shark Tank
Despite the sale of some of some products, Scrub Daddy initially faced challenges in securing position in major retail stores. Eventually, Krause found a game-challenging solution to appear in the reality television show, Shark Tank. In 2012, his appearance in the seventh episode of season 12 expanded the product’s reach.
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Furthermore, inventor Lori Greiner took a keen interest in Krause’s pitch, and made a 20% equity stake deal for $200,000. On the very next day, Krause and Greiner achieved a remarkable success in under seven minutes on QVC by selling out 42,000 Scrub Daddy sponges. Greiner’s expertise aided Scrub Daddy to earn positions in famous retail stores including Wal-Mart, Home Depot, and Meijer.
By early 2017, Scrub Daddy’s total revenue was $100 million, which marked as the highest for any business pitched on “Shark Tank.” During the 14th season of Shark Tank, success of Scrub Daddy was revealed that it had achieved $670 million in retail sales since its launch, solidifying its status in the cleaning product industry.
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Other Scrub Daddy Products
In addition to original Scrub Daddy sponge – a high-tech polymer, featuring a cheerful smiley face with distinctive yellow circular scrubber, the company diversified its products to over 20 items including scouring pads, erasers, cream cleansers, soap dispensers, sink organizers, and dual-sided sponges. Furthermore, Scrub Daddy’ products are also featured in several colors and shapes, such as snowflakes and pumpkins.
Aaron Krause Net Worth 2024
As of 2024, Aaron Krause net worth is $100 million. He is a famous inventor and entrepreneur who gained widespread popularity for his power of innovation and persistence. Krause is founder of cleaning product company Scrub Daddy which provides effective and cheerful cleaning solutions.
Krause’ success was further accentuated after his appearance in business reality television show “Shark Tank,” in which Lori Greiner made a 20% equity stake deal with Krause. It was also revealed that Scrub Daddy products achieved remarkable milestones for earning the highest revenue of any product successfully pitched on “Shark Tank,” contributing to Aaron Krause net worth of $100 million.
Social Media Profiles
| Account | Followers/Subscribers |
|---|---|
| YouTube | |
Frequently Asked Questions
Final Words
Aaron Krause, famous businessman and inventor of budding pad company, Scrub Daddy gained recognition after his appearance in the business reality television show, Shark Tank. His cleaning products company, Scrub Daddy, is considered as the highest earning project after Ring in Shark Tank. As of 2024, Aaron Krause net worth stands at $100 million testament of his persistence and unwavering determination through his entrepreneurial career. Arun Krause is a family person married with Stephanie, and blessed with twin children named Bryce and Sophie.
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