Aaron Krause has an estimated net worth of $70 million. He’s best known as the founder of Scrub Daddy, a popular sponge company that took off after appearing on the TV show Shark Tank.
With his innovative design, Scrub Daddy quickly became a household name. The smiley-faced sponge is not just cute; it changes texture based on water temperature, making cleaning easier and more fun. Aaron’s creativity and business savvy helped him turn a simple idea into a successful brand that millions use every day. His story inspires many aspiring entrepreneurs to think outside the box and take risks in their ventures.
Wiki Biography
| Attribute | Details |
|---|---|
| Full Name | Aaron Krause |
| Birthday | February 1, 1969 |
| Age | 55 years (as of 2024) |
| Place of Birth | Wynnewood, Pennsylvania, United States |
| Country | United States |
| Height | 6 feet (183 cm) |
| Weight | 63 kg (139 lbs) |
| Birth Sign | Aquarius |
| Father | Robert Krause |
| Mother | Not available |
| Spouse | Stephanie Krause |
| Children | Twin children, Bryce and Sophie |
| Profession | Inventor, Entrepreneur |
| Education | Bachelor of Science in Psychology from Syracuse University (1992) |
| Notable Work | Founder of Scrub Daddy, Inc. |
Aaron Krause is known for creating the popular cleaning sponge called Scrub Daddy. This sponge has a unique smiley face design and changes its texture based on water temperature. He started his career at his parents’ car wash and developed a passion for solving everyday problems through inventions. His appearance on the show Shark Tank helped make Scrub Daddy famous. With an estimated net worth of $70 million, he shows how creativity and smart marketing can lead to success in business.
Early Life and Career Beginnings
Aaron Krause’s entrepreneurial path started early. In his teens, he washed cars and continued this business through college. This hands-on experience laid the groundwork for his future ventures.
Krause attended Syracuse University and studied psychology at the College of Arts and Sciences after not getting into the business school. His college years helped shape his understanding of consumer behavior.
After graduation, he expanded his car washing business. He created a million-dollar enterprise by manufacturing buffing pads for car washes. Krause secured two patents during this time, showcasing his ability to innovate within the industry.
His early creations included buffing pads with beveled edges, which he patented and sold worldwide in just six months. This success led to an acquisition by 3M, although they rejected his idea for Scrub Daddy—a product that would eventually change the cleaning industry. Despite this setback, he stored the idea in his garage, waiting for the right moment to bring it to life.
Major Career Highlights
Early Entrepreneurship
Aaron Krause began his business career as a teenager. He worked at his parents’ car wash, which taught him valuable lessons about hard work and customer service. After graduating from Syracuse University, he founded Dedication to Detail, a company that made buffing pads for cars.
3M Acquisition
In 2008, Krause sold his company to 3M, a major corporation known for its innovative products. He continued working with them as a developer and consultant, helping improve cleaning products.
Scrub Daddy
In 2012, Krause launched Scrub Daddy, famous for its smiley-faced sponge that changes texture in hot and cold water. His big break came when he appeared on the TV show “Shark Tank.” There, he secured a $200,000 investment from Lori Greiner. Since then, Scrub Daddy has become one of the most popular cleaning tools in many homes across America.
Krause’s unique approach to product design and marketing helped him create items that are both effective and fun to use. Today, Scrub Daddy has sold over 25 million sponges, making it one of the top-selling kitchen sponges in history.
Net Worth and Income Sources
Aaron Krause’s estimated net worth ranges from $70 million to $100 million as of 2024. This wealth comes primarily from his successful cleaning product company, Scrub Daddy.
- Scrub Daddy: The company’s products, especially the original Scrub Daddy sponge, have sold over 25 million units, making it a top-selling kitchen sponge.
- Business Ventures: Before founding Scrub Daddy, Krause started an international buffing pad and car detailing company called Dedication to Detail. He sold this business to 3M in 2008 after graduating from Syracuse University.
- Investments: In addition to his main business, Krause invests in startups and supports new ideas through his company. These investments help increase his overall net worth.
Notable Achievements and Awards
Aaron Krause achieved significant recognition for his work with Scrub Daddy. Here are some of his noteworthy accomplishments:
- Ernst & Young’s Entrepreneur of the Year: Krause received this award in the greater Philadelphia region, highlighting his exceptional business skills and success.
- Shark Tank Success: Krause appeared on Shark Tank, securing a deal with Lori Greiner for $200,000 in exchange for 20% of Scrub Daddy. This opportunity greatly increased the product’s visibility and sales.
- Scrub Daddy’s Popularity: Millions of Scrub Daddy sponges have been sold worldwide, making it a household name. The sponge has gained various awards for its innovative design and effectiveness.
- Philanthropy: Krause actively supports causes related to education and animal welfare, showing his commitment to giving back to the community.
Personal Life and Legal Issues
Aaron Krause’s personal life includes his marriage to Stephanie Krause. They are parents to twin children, Bryce and Sophie. His educational background features a Bachelor of Science degree in psychology from Syracuse University, which he earned in 1992. Both of his parents work as doctors, indicating a family connection to the medical field. Currently, Aaron lives in Folcroft, Pennsylvania.
Legal issues surrounding Aaron primarily involve his business ventures and inventions. He holds multiple patents for his creations, including the popular polymer foam hand scrubber used in many cleaning products. A significant event in his career occurred when he made a deal with Lori Greiner on the reality TV show “Shark Tank.” For this deal, he received $200,000 in exchange for a 20% equity stake in Scrub Daddy.
Additionally, Aaron’s earlier venture included a buffing pad company that was acquired by 3M, a well-known multinational corporation recognized for its various products across many industries.
Spouse and Partner
Aaron Krause is married to Stephanie Krause. They manage a busy family life together. The couple has twins named Bryce and Sophie. Stephanie also plays an important role in their entrepreneurial endeavors, making them a strong team in both work and home life.
In addition to his marriage with Stephanie, Aaron previously had another wife named Kelly, who is also an entrepreneur. Their partnership highlights the blend of personal and professional aspects in Aaron’s life, demonstrating how family can support business ventures effectively.
Age, Weight, and Height
Aaron Krause is 55 years old, having been born on February 1, 1969. His age reflects a wealth of experience in entrepreneurship and innovation.
He weighs approximately 63 kilograms (or 139 pounds), which contributes to his overall health and energy levels.
Standing at a height of 6 feet (or 183 centimeters), Aaron’s stature complements his dynamic presence in the business world. These details highlight important physical attributes that contribute to his persona as an entrepreneur and inventor.
Conclusion
Aaron Krause exemplifies the power of blending personal and professional life. His journey as an entrepreneur has not only been defined by innovation but also by the unwavering support of his family. With a strong partnership with Stephanie and the lessons learned from previous relationships, he navigates challenges in both business and home. His achievements with Scrub Daddy and notable appearances on “Shark Tank” highlight his strategic thinking and creativity. As he continues to inspire others in the entrepreneurial space, Aaron’s story serves as a reminder of the importance of collaboration, resilience, and passion in achieving success.
Frequently Asked Questions
Who is Aaron Krause?
Aaron Krause is a successful entrepreneur and inventor best known for creating Scrub Daddy, a popular cleaning product. He gained significant recognition after securing deals on the TV show “Shark Tank.”
What can you tell me about Aaron’s family?
Aaron Krause is married to Stephanie Krause, and they have twins named Bryce and Sophie. Their partnership extends beyond family life into their entrepreneurial ventures.
Did Aaron Krause have a previous marriage?
Yes, Aaron was previously married to Kelly, who is also an entrepreneur. This highlights his connections between personal relationships and professional endeavors.
How old is Aaron Krause?
Aaron Krause was born on February 1, 1969, making him 55 years old as of now.
What are Aaron’s physical attributes?
Aaron stands at 6 feet (183 centimeters) tall and weighs approximately 63 kilograms (139 pounds), contributing to his dynamic presence in the business world.
