Kamal Ghorui
Steve Smith is known for his decision-making on the cricket field, and his choices off it have also delivered returns. The former Australia captain has seen a major gain from an investment he made nearly a decade ago.Smith had invested $100,000 in 2015 in online bedding and furniture company Koala for a 10 per cent stake. Over time, his holding has reduced to 3.9 per cent, but its value has increased. The company was listed on the Australian Securities Exchange on Tuesday, with Smith’s stake valued at $11.9 million. By the end of the trading day, the value rose to just over $13.2 million, meaning a gain of nearly $1.4 million in one day, according to a report by nine.co.au.At the time of his initial investment, Smith had put in AUD 100,000 (around Rs 64 lakh). At listing, his stake was valued at about AUD 11.9 million (Rs 76.7 crore). As the share price went up by 11.7 per cent during the day, the value of his holdings crossed AUD 13.2 million (Rs 85.1 crore), marking a single-day gain of nearly AUD 1.4 million (around Rs 9 crore).Smith has also invested in other ventures. “He is an ambassador for Bamboo, an Australian fintech app designed to help users invest spare change in digital currencies and precious metals. He also co-founded Oat Milk Goodness and was an early investor in online photography marketplace Snappr,” the report said.On the cricket side, Smith went unsold in the IPL 2026 auction and is currently playing in the Pakistan Super League for the Multan Sultans, led by Ashton Turner.In his latest match against Islamabad United, he opened the innings with Sahibzada Farhan and scored 31 off 23 balls as Multan Sultans chased down 172 with five wickets in hand.
