How Much Money Does Mr. Krabs Have? His Annual Revenue from The Krusty Krab
The following blog post will seek to answer the question of “how much money does Mr. Krabs have,” And will look at his holdings from Real Estate, from his Krusty Krab resturaunt, from his possible other investments, from his random money schemes throughout the show (his Jellyfish Jelly sales gimmik, his gaming machine sales tactic, etc.) and of how much money they would have likely made Mr. Krabs over the years. Before you read the blog post, I thought it’d be fun to have everyone comment down below and let us know what the amount is, then we can compare who’s right! And as always, be sure to subscribe to our blog and comment down below with your thoughts and opinions on the article, and we’ll get back to you within one business day with a response.
Other popular Cartoon Characters Whose Fortunes We’ll be analyzing on this blog include:
Dollar Bill Stearn
President Bartlett from the West Wing
Frank Underwood from House of Cards
And many more, be sure to subscribe to our blog and comment down below for more details and information.
How Much Money Does Mr. Krabs Have, a Look at His Total Assets and Real Estate Holdings
Let’s take a look at Mr. Krabs assets and how much they are worth to start with an accurate depiction of his overall net worth:
His Anchor Home: $400,000 ($100,000 when purchased at the start of the show plus appreciation)
The Krusty Krab $4,000,000.00 (assuming an annual revenue of about $500,000 per year would give this value some backing at least)
Savings and Investments in the Bank (A $200,000 per year profit after taxes, and a $150,000 per year take home savings invested in the S and P 500 for 30 years would give Krabs somewhere around $27,000,000 in investments, assuming the 10% annual ROR that the S and P 500 got during this time frame, 1990-2020.) Add $27,000,000.00 For his stock market investments.
Rent on the Restaurant: Assuming a 2 year lease, let’s say he owes something like $75,000 on the restaurant. ($75,000)
Spongebob and Squidward: Assuming a Cost to each of them of $25,000 per year, for about a full time minimum wage salary, assume they cost $50,000 per year. On a 2 year lease, Krabs would likely owe them $100,000 if he was to sell out over two years and cash in on the Krusty Krab. ($100,000)
His Daughter Pearl (Sorry but kids are literally textbook a liability) – Let’s say she has $25,000 per year in expenses, $50,000 in Student loan debt as it has been shown she is a college student, and factor in another $25,000 in debt for say her car and other expenses. $100,000 liability here. ($100,000)
In looking at the Balance Sheet here, let’s use the formula:
Assets = Liabilities + Stockholder’s Equity
With Stockholder’s Equity essentially functioning as Mr. Krabs’s net worth.
Assets = $31,400,000
Liabilities = $275,000
So, $31,400,000 = $275,000 + X
Mr. Krabs’s net worth would be $31,175,000.00
Final Thoughts on the Question of “How Much Money Does Mr. Krabs Have?” And Why Krabs Has $32 Million Dollars!
If there’s one thing I’ve learned, it’s that being cheap really pays dividends over time, and will absolutely lead to you being rich over time, especially if this cheapness also comes with a relatively high income, frugal living, and with investing in something like an index fund over long periods of time! Mr. Krabs knows this lesson better than anyone, and if he sold out of everything, he could very likely, on $31,175,000, with a very conservative 2% per year in dividends, live off of something like $623,500 per year in entirely passive income, paying about 30% in taxes all the way through, so giving him somewhere around $450,000 per year in after tax profits to live off of. Not too shabby for a rich Krab that lives under the sea. Do you think my figures on Mr. Krabs’s net worth are accurate? Leave a comment down below and let us know what you think, and be sure to comment down below with your thoughts and opinions on the article, and we’ll get back to you within one business day with a response.
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