Steve Smith's Surprising Earnings from Stock Market Success

Steve Smith, absent from the IPL, has made headlines not for his cricketing skills but for his remarkable earnings from a stock market investment. His early stake in Koala, a furniture retailer, has skyrocketed in value, resulting in a staggering ₹9 crore gain in just one day. This financial success highlights Smith's savvy investment strategies and his ability to thrive beyond the cricket field. Learn more about his journey and how he navigated the business world to achieve such impressive results.

By Narendra Chaudhary Mar 31, 2026, 23:16 IST

Steve Smith's Absence from IPL and Unexpected Wealth

While the IPL season is currently underway, one notable player absent from the matches is Steve Smith. Traditionally viewed as a player not suited for T20 formats, Smith has recently adapted well, showcasing his skills in the Big Bash League. Presently, he is competing with the Multan Sultans in the PSL 2026. Despite not being picked in the IPL auction and participating in a league with considerably lower earnings, the Australian cricket star has astonishingly made around ₹9 crore in just one day. Interestingly, this income is unrelated to his cricket career.

Smith's financial boost came after the successful stock market launch of Koala, a well-known furniture and bedding retailer. As reported by nine.com.au, his early investment in this company has proven to be highly lucrative. When Koala debuted on the Australian Securities Exchange (ASX) on March 31, Smith's shares were initially valued at AUD 11.9 million (approximately ₹76.7 crore). However, a significant increase in investor confidence led to an 11.7% rise in the share price on its first trading day, elevating the value of his holdings to over AUD 13.2 million (around ₹85.1 crore). This resulted in a remarkable single-day profit of nearly AUD 1.4 million (around ₹9 crore).

Steve Smith's Investment Ventures

Steve Smith's Investment Journey

Smith's venture into the investment realm began in 2015 when he allocated AUD 100,000 (roughly ₹64 lakh) for a 10% stake in the then-nascent online startup. Although his ownership percentage was later reduced to 3.9% due to subsequent funding rounds, the company's rapid growth has more than made up for the smaller share. Through his investment firm, SS415 Investments, Smith has become one of the top shareholders in the company. This financial success underscores his achievements beyond the cricket field, as he diversifies his portfolio across various sectors, including financial technology, consumer goods, and digital marketplaces.