Money: Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career - PressFrom - Australia
  •   
  •   

MoneySteve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career

19:47  13 august  2019
19:47  13 august  2019 Source:   businessinsider.com.au

Ashes 2019: Steve Smith says Australia captaincy is 'not on my radar'

Ashes 2019: Steve Smith says Australia captaincy is 'not on my radar' After starring with the bat again versus England in the first Ashes Test, Steve Smith said becoming Australia captain again is not a target.

Australian cricketer Steve Smith has even more to celebrate than the latest Ashes victory. It ’ s been revealed that Smith invested $ 100 , 000 in local mattress start - up Koala way back in Amazingly the AFR now believes that Smith has earnt more from his early Koala investment than from cricket

It ' s been revealed that Smith invested $ 100 , 000 in local mattress start - up Koala way back in 2015 . * With its most recent valuation, Smith 's stake is now estimated at .18 million Amazingly the AFR now believes that Smith has earnt more from his early Koala investment than from cricket altogether.

Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career © Mike Egerton/PA Images via Getty Images Australia's Steve Smith during day five of the Ashes Test match at Edgbaston, Birmingham

  • Australian cricketer Steve Smith has even more to celebrate than the latest Ashes victory. It's been revealed that Smith invested $100,000 in local mattress start-up Koala way back in 2015.
  • With its most recent valuation, Smith's stake is now estimated at $12.18 million -- more than he's earnt from cricket according to the Australian Financial Review.
  • Smith is also a brand ambassador for the company. His status as one of the best batsman in the world has no doubt been a coup for Koala, which has gone on to be valued at $150 million.

Steve Smith's cricketing career has had plenty of highs and lows.

Cricket-Smith again frustrates England to leave Ashes opener finely balanced

Cricket-Smith again frustrates England to leave Ashes opener finely balanced CRICKET-ASHES/ (PIX):Cricket-Smith again frustrates England to leave Ashes opener finely balanced

According to AFR, Steve Smith invested A$ 100 , 000 (4,820) in the largely unknown Aussie mattress startup Smith ' s stake in Koala reportedly pushes his net worth up to Am. Amazingly, AFR believes Smith has earnt more from his investment in Koala than he has from cricket altogether.

Steve Smith reportedly invested $ 100 , 000 in mattress startup Koala in 2015 — now it ' s netted him more than his whole cricket career . Business Insider. Watch out: ATO reveals top 3 mistakes taxpayers are making this year.

In 2018, the star batsman was banned for one year following the disastrous ball-tampering scandal in Cape Town. Since returning earlier this year, Smith has been trying to redeem himself, proving largely responsible for Australia's victory against England in the first match of the Ashes series last week.

While that win may be large in the minds of Australian cricket fans at present, Smith actually may have laid the groundwork for his biggest victory way back in 2015 - and it was in business.

It's been revealed that he handed over $100,000 for a 10% stake of the largely unknown Australian mattress start-up Koala in July 2015, according to the Australian Financial Review (AFR).

As part of the deal, Smith became the company's brand ambassador. His sparkling cricket career (ball-tampering scandals aside) has no doubt helped shine a spotlight on it.

Smith returns after retiring hurt, out for 92

Smith returns after retiring hurt, out for 92 LONDON (AP) Australia batsman Steve Smith retired hurt for 40 minutes in the second Ashes test at Lord's after being struck on an unprotected part of his neck by Jofra Archer during a hostile spell of bowling by the England paceman. © APWF Australia's Steve Smith lies on the ground after being hit on the head by a ball bowled b England's Jofra Archer during play on day four of the 2nd Ashes Test cricket match between England and Australia at Lord's cricket ground in London, Saturday, Aug. 17, 2019.

Steve Smith reportedly invested $ 100 , 000 in mattress startup Koala in 2015 — now it ' s netted him more than his whole cricket career . Business Insider. Watch out: ATO reveals top 3 mistakes taxpayers are making this year.

The violence, most of it directed at very young people – some too young to vote – failed to arouse the same kind of anger as in Kiev in 2013, where the cruel Steve Smith reportedly invested $ 100 , 000 in mattress startup Koala in 2015 — now it ' s netted him more than his whole cricket career .

Four years on, Koala has managed to amass some 200,000 customers and in July was valued at around $150 million. That success makes Smith's stake now worth an astounding $12.18 million, pushing his net worth up to $31 million, as estimated by the AFR.

That's up from $27 million in 2018, despite the ball-tampering scandal costing Smith his captaincy, as well as an estimated $5 million in earnings last year.

Amazingly the AFR now believes that Smith has earnt more from his early Koala investment than from cricket altogether.

That fact alone has us stumped.

Pictures: The best Aussie Ashes performers through the years

Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career
Steve Smith reportedly invested $100,000 in mattress startup Koala in 2015 — now it's netted him more than his whole cricket career

Should you teach kids to bat like Smith?.
Steve Smith has blunted bowlers around the world with his unorthodox technique. But does that mean kids should replicate it? Credit Cards Are Now Offering 0% Interest Until 2020 Find out more on Finder Ad Finder.com.au That's the question we posed to Sky Sports Cricket pundits Nasser Hussain and Kumar Sangakkara after former Australia skipper Smith took his Ashes career run-tally past 1,000. Nasser reflects on the chat he had with Smith in the nets before the Test and explains why the Australian is a strong believer in letting people bat in a way that feels natural to them.

—   Share news in the SOC. Networks
usr: 11
This is interesting!