Australian cricketer Steve Smith gets $1.4 million richer in a day — here's how
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.
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.
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