Former NFL star Rob Gronkowski, who played as a tight end for the New England Patriots and Tampa Bay Buccaneers, is known for his great feel for business. Over the course of his career and in retirement, Gronkowski has secured himself a number of rich contracts and attractive endorsement deals while also setting up several successful companies.
Despite all of the business success he had, Gronkowski still believes that the “best investment” he has ever made was buying Apple stock in 2014. He recently shared the story about the investment in an interview with Fortune magazine.
According to Gronkowski, he was still new to investing and wasn’t familiar with the stock market at the time. However, a contractor building his house was going on about Apple stock and was urging him to get involved.
“So after the 50th time, I got it. And let me tell you, it’s the best investment I’ve ever had in my life,” Gronkowski shared.
Apparently, Gronkowski initially invested $69,000 and promptly forgot about it. But after two and a half years, he checked in on it and realized his investment was worth more than $250,000. At that point, he decided to cash in the original investment and let the rest sit.
“To this date, I have over $600,000 of Apple stock, all because of the investment I made in 2014, having no idea what I was doing but just listening to the man who built my house here in New England,” Gronkowski added.
In 2014, Apple stock traded at the average annual price of $20.38 per share. Since then, the iPhone maker’s stock soared by more than 1,000% and is currently worth $234.93 per share.