If there’s 1 sea creature in Bikini Bottom who loves money more than anything…
Then Mr. Eugene H. Krabs definitely takes the top spot.
But have you ever wondered how far his penny-pinching has gotten him?
Well, we can actually calculate how much he’s earned since the very start.
Continue reading to discover:
- How much money Mr. Krabs makes in a year from selling Krabby Patties.
- What money-saving techniques did Eugene H. Krabs use to get the most profit.
- Why the crimson sea crab restaurant owner might not be as rich as you might guess.
- And so much more…
How rich is Mr. Krabs? Net worth revealed
Mr. Krabs’ net worth is $6,330,178. His wealth came from his earnings through the Krusty Krab. Plus, he paid his employees, Spongebob and Squidward, the bare minimum. Also, his anchor house was around $120,000 in value, and the Krusty Krab was $3,400,000.
We’ve got to make a lot of estimates
As crazy as it sounds to figure out how much Mr. Krabs was worth…
It’s actually possible, and it just takes a lot of estimates.
You see, we can’t dive down into Bikini Bottom to check Eugene’s finances.
But with some of the facts we know about his business…
We can piece together a good estimate of his net worth.
Understanding the Krusty Krab business model
Firstly, we need to know how much he’s paying his employees.
And since we can agree that Mr. Krabs is so cheap…
There’s a good chance he’s only paying Spongebob and Squidward minimum wage.
So if we follow the U.S. Department of Labor standard…
Mr. Krabs was paying $7.25 per hour for each of them. Or a total of $14.50 per hour.
We also know that the Krusty Krabs opens from 8:00 AM to 9:00 PM on most days.
Meanwhile, it closes late on Fridays and Saturdays at 10:00 PM.
And it closes at the latest on Tuesdays by 11:00 PM, with Sundays being day-offs.
So Spongebob and Squidward work 82 hours every week…
Which is about $1,189.00 in employee salaries weekly.
How much Mr. Krabs earns from selling Krabby Patties.
We know that the Krusty Krab’s a beautiful place.
In fact, this video does a good job at showing all its best features and its $3,400,000 valuation:
But most important of all, we have the Krabby Patty.
And we’ll be using this flagship burger to help with our calculations.
Of course, we know that there are a bunch of other options on the Galley Grub.
For example, you could get a side of Kelp Fries with a Seafoam Soda from the restaurant’s menu.
However, for the sake of simplicity, we’re going to use the Krabby Meal price of $3.50.
Since this was the most popular choice for regulars.
Now, on average, the restaurant receives 180 paying customers per day.
And if everyone bought 1 Krabby Meal, that’s around $630.00 every single day. Or $3,780.00 weekly in revenue.
What’s more, if we subtract the $1,189.00 for Spongebob and Squidward.
Mr. Krabs goes home with $2,591.00.
And that’s a lot of profit for very minimal leg work from the crimson sea crab.
“Wait, doesn’t he have extra expenses?”
For a normal full-service restaurant, you’ll have to pay utilities and other expenses.
But if you’ve seen most of the SpongeBob episodes and seasons…
You’ll quickly find out how Mr. Krabs loved getting away without paying a bill.
For example, in season 12, in the Farmerbob episode.
Mr. Krabs left Spongebob and Patrick at Old Man Jenkins’ farm to pay for his grocery bill.
So if Eugene’s been doing this for most of his ingredients.
He’s actually saving on the biggest cost for a typical restaurant.
So if Mr. Krabs sets aside at least $8,000 every month in a money market account with a 2% annual interest rate.
He would have $2,810,178 today.
And if we add the value of his house and the Krusty Krabs establishment at $120,000 and $3,400,000…
Mr. Krabs’ net worth is $6,330,178.
Note: A money market account is a type of savings account that pays a higher interest than regular ones. They also limit the number of withdrawals you can make and have a higher balance requirement.
How much money does Mr. Krabs make
Mr. Krabs makes around $124,360 annually. However, Mr. Krabs is a father and spends money on his daughter, Pearl Krabs. On top of that, Mr. Krabs also spends money on dates with his girlfriend, Mrs. Puff. As a result, Mr. Krabs takes home less than $100,000 per year after all other expenses.
Even a cheapskate’s got extra expenses
Although we may have discussed the Krusty Krabs business costs…
We haven’t taken account of Mr. Krabs’ personal and family life.
So while he makes roughly $124,360 annually.
The number could be much smaller than you think.
A sometimes wonderful father
Research shows that family connections are important.
But if we’re talking about Mr. Krabs…
Well, let’s just say he tries his best most of the time.
For example, he paid the talent fee for Boys Who Cry on Pearl’s birthday.
A popular boy band that charged $1,000,000.
But on the other hand, Mr. Krabs’ love for money sometimes won.
And he doesn’t spare any budget for Pearl’s sleepover with friends.
However, on average, raising a child costs $17,000 a year.
But since Pearl Krabs was a whale.
We can’t really get a good estimate on how much it would cost to raise her
So for simplicity’s sake, we can round down Mr. Krabs’ income to $100,000.
Mr. Krabs has a dating life
If you’re guessing why Mr. Krabs doesn’t have a wife.
Well, it’s because he’s actually been dating Mrs. Puff for over 16 years.
And a study shows romance can be pretty intense.
In fact, partners will go above and beyond to be with each other.
So in Eugene’s case…
He liked showing off his love with gifts and dates.
For example, back in season 2, in the Krusty Love episode.
Mr. Krabs spent bought jewelry and appliances for Mrs. Puff.
Now, on average, a date would cost $100.
So if Eugene took his girlfriend out to dinner at least once a week.
Then he’ll spend $4,800 a year on Mrs. Puff.
And if we round things down…
Mr. Krabs is left with $95,000.
However, there’s a good chance he’s poor
I know it sounds impossible.
Surely a cheapskate should have money saved up, right?
Well, the Krusty Krab has been destroyed multiple times.
For example, in the Jailbreak episode. A bunch of prisoners ended up destroying the place.
And that’s just the tip of the iceberg.
So if we consider all the money Eugene would spend on repairs.
He might actually be broke and live off one paycheck to the next.
As a result, it could explain why he’s so worried about losing his money.