NFL superstar Rob Gronkowski, widely known for his prowess on the football field, recently revealed a surprising off-field success story—an investment in Apple stock from 2014 that has ballooned into a massive fortune. The former tight end credited this lucrative decision to an unexpected source: his contractor.
The Accidental Investment
During his time with the New England Patriots, Gronkowski was having a house built in Foxborough. Amid discussions about home construction, his contractor repeatedly encouraged him to invest in Apple stock. After hearing the advice multiple times, Gronk decided to act. He invested $69,000 in Apple stock, despite having no prior experience with the stock market.
“Every time I saw him, he’d say, ‘Get Apple, get Apple.’ So, after the 50th time, I thought, ‘Okay, let’s do it,’” Gronkowski shared in an interview. He humorously admitted that he placed the investment blindly, trusting his contractor’s enthusiasm rather than financial expertise.
Forgotten Fortune Rediscovered
The story took an even more amusing turn when Gronkowski forgot about the investment entirely. Two years later, he stumbled upon it and discovered it had grown to an impressive $250,000. Realizing its value, he sold a portion of the shares but retained a significant amount, which has since appreciated further. Today, that initial investment is worth over $600,000.
Reflecting on the experience, Gronkowski joked that his contractor not only built him a home but essentially “gave all the money back” through the life-changing investment tip.
Financial Discipline Beyond Football
The Apple investment is just one example of Gronkowski’s financial savvy. Known for his disciplined money management, the four-time Super Bowl champion revealed in his 2015 book, It’s Good to Be Gronk, that he has never touched his NFL salary or signing bonuses. Instead, he lived solely on income from endorsements with brands like Dunkin’ Donuts and T-Mobile.
Gronk’s prudent spending habits and diverse investments have significantly contributed to his estimated $45 million net worth. Since retiring from the NFL, he has ventured into sports media and invested in fitness brands, further solidifying his financial success.
A Lesson in Trusting Unlikely Advice
While financial experts might not recommend relying on contractors for investment advice, Gronkowski’s story is a testament to the unpredictable paths to success. His willingness to take a leap of faith—and his contractor’s persistence—led to a decision that paid off in spades.
As Gronkowski continues his post-NFL journey, his Apple investment serves as a lighthearted reminder that sometimes, the best advice comes from unexpected places.
-
Tesla’s stock is buzzing, having jumped over 45% since November 5th, and its market cap now exceeds $1.1 trillion....
-
Inflation is Again on the Incline Inflation showed a slight uptick in October, with the annual inflation rate reaching...
-
Amazon shares surged 6% on Friday following the company’s release of strong quarterly earnings, exceeding market expectations. Boosted by...
-
Let’s take a moment to chat about something that’s been weighing on the minds of many: the state of...
-
Following the massive success of its gold and silver offerings, Costco is making headlines once again with the addition...
-
The cryptocurrency market experienced a significant rally on Thursday, just one day after the Federal Reserve made the surprise...
-
Fitch Ratings, a leading global credit rating agency, has released a new economic outlook report predicting that the U.S....
-
With Federal Reserve Chair Jerome Powell signaling that interest rates might be cut soon, investors are contemplating how this...
-
Consumer prices in the United States increased at the slowest rate in over three years last month, raising hopes...
-
In a significant shake-up at Starbucks, Laxman Narasimhan has stepped down from his role as CEO and board member...
-
JPMorgan Chase is set to release its second-quarter earnings report before the opening bell on Friday, July 14. Investors...
-
The Federal Reserve announced today that all 31 banks participating in its annual stress test have demonstrated their ability...