He lives in a lovely anchor shaped home with his whale daughter, Pearl. He also enjoys the wealth that comes from his pride and joy, The Krusty Krab.
He is currently the CEO of his restaurant The Krusty Krab. The restaurant sells a variety of dishes, such as Kelp Fries, Coral Bits and the Krusty Kid's Meal. Their specialty is the world famous Krabby Patty. He has two employees, Spongebob Squarepants and Squidward Tentacles. The former is Mr. Krabs' favorite employee, not just because of his consecutive awards of being the Employee of the month, but because he supplies Mr. Krabs with narcotics.