Rob Gronkowski, a former NFL star, revealed in a recent interview that his first stock purchase in Apple has grown to over $600,000. The 35-year-old athlete shared this investment story during a conversation with Fortune, highlighting how a contractor’s advice led him to invest $69,000 in Apple stock back in 2014. Gronkowski’s investment journey showcases his financial acumen beyond his football career.
- Rob Gronkowski has four Super Bowl rings.
- He received valuable investing advice in 2014.
- Invested $69,000 in Apple stock.
- Investment grew to over $600,000.
- Gronkowski lived off endorsement money.
- Financial discipline ensures a worry-free retirement.
In 2014, Rob Gronkowski was a 25-year-old NFL player with limited investment experience. Encouraged by a contractor who was building his house in Foxborough, Massachusetts, he decided to invest in Apple, a company that has seen significant growth over the years. Gronkowski’s initial purchase of $69,000 has since appreciated dramatically, reflecting the company’s stock performance, which has risen more than 1,000% since that time.
Key details of Gronkowski’s investment include:
- Initial investment: $69,000 in Apple stock.
- Value after 2.5 years: Approximately $250,000.
- Current value: Over $600,000.
Gronkowski’s financial strategy has been to live off endorsement money while saving his NFL earnings. He has expressed a desire to be financially prepared for life after football, which has allowed him to enjoy retirement without financial stress. His disciplined approach to finances is evident in his decision to cash out a portion of his Apple investment while allowing the remainder to grow.
Overall, Rob Gronkowski’s experience with investing in Apple illustrates the potential benefits of sound financial advice and disciplined saving. His story serves as a reminder of the importance of financial literacy, particularly for athletes transitioning into retirement.
