Steve Smith made whopping $12.1m after investing $100k in mattress startup in 2005: Report

Former Australian captain Steve Smith seems to be on a roll. right-hander had an unforgettable 2019 on field as he amassed runs galore for Australia. But it seems like Smith is performing financially off field as well. Steve Smith’s business and investment fortunes have turned in a windfall.

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According to Australian Financial Review, Steve Smith has reportedly turned a $100,000 investment in mattress retailer Koala Mattress into a $AUD 12.1 million (₹60 crores) windfall, a startup which he had invested back in 2005. Steve Smith reportedly dropped investment by 10 percent of company in July 2015 just before he became Australian Test captain. company has gone on to build a customer base of 200,000 and is reportedly valued at $AUD 150 million (₹720 crores) since n.

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Despite Steve Smith's diluted share, he seems to be making a lot of money as he is brand ambassador of company. In fact, Steve Smith has earned more from his investment in company than from cricket altoger. But cricket is still lucrative for Smith, who is believed to be among top five earners on Cricket Australia contract list

Steve Smith told a leading Australian publication in 2016 that he had a long-held interest in start-ups and could see himself as a businessman or an investor after his cricket career ends. He also paid $100,000 for a 4 per cent stake in Snappr in 2016. Snappr is an online photography platform, although its current valuation is uncertain as business has relocated to USA since n.

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Steve Smith misses out on Allan Border medal

Allan Border Medal is considered most prestigious individual prize in country's cricketing landscape. recipient of award last year was speedster Pat Cummins, who was a distant third in 2019's prize winners list. Steve Smith came mighty close to winning it but in end, lost by just 1 vote as he came second to David Warner.

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IM COURTESY: STEVE SMITH INSTAGRAM