Steve Smith earns around Rs 60cr courtesy 2005 investment | Cricket - Hindustan Times
close_game
close_game

Steve Smith earns around Rs 60cr courtesy 2005 investment

Melbourne | ByIndo Asian News Service
Aug 15, 2019 04:04 PM IST

According to a report, Smith has turned an investment of $100,000 in mattress retailer Koala Mattress, into a windfall of $12.1 million

Former Australia captain Steve Smith has not only made a remarkable comeback to Test cricket scoring twin centuries in the first Ashes Test to lead his side to an emphatic 251-run win over England in Birmingham, but has also had a windfall of sorts off the field.

Australia's Steve Smith during nets(Action Images via Reuters)
Australia's Steve Smith during nets(Action Images via Reuters)

According to a report in news.com.au, the 30-year-old has turned an investment of $100,000 in mattress retailer Koala Mattress, into a windfall of $12.1 million.

Hindustan Times - your fastest source for breaking news! Read now.

The report quoted The Australian Financial Review (AFR) according to which the company, in which Smith dropped the investment for 10 per cent in July 2015, has build a customer base of 200,000 and is valued at $150 million.

“I remember telling his manager and his parents that could happen when he invested,” Koala co-founder Mitch Taylor said.

Smith, who is also Koala’s brand ambassador, has earned more from his investment in the company than from cricket altogether.

The AFR’s Young Rich List is set to value Smith at about $31 million when the list is released in October.

Smith, who was banned for an year for his involvement in the Sandpaper Gate fiasco, has met with success both on and off the field.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Catch all the Latest Cricket News, Live Cricket Score and IPL 2024 Schedule, match updates along with Cricket Schedule, Purple Cap in IPL 2024, Orange Cap in IPL 2024 and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, March 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On