Rob Gronkowski has four Super Bowl rings, but one of his biggest victories came off the field.
during an interview wealth This week, Gronkowski revealed he benefited from an investment advice that helped him make hundreds of thousands of dollars.
In 2014, the Patriots tight end was just 25 years old and had little investment experience. But when a contractor building a home in Foxborough, Massachusetts, urged him to invest in Apple, Gronkowski decided to try.
“I’ve never been involved in stocks. I really don’t know how stocks work,” he said. “So I thought, ‘Okay, let me do it. I’m going to make it bigger.'”
Gronkowski earned slightly more during the 2014 season $16 million Coming from the NFL, he called his financial advisors and instructed them to buy $69,000 worth of stock in the iPhone maker.
The five-time Pro Bowler said he quickly forgot about his purchase and didn’t realize the value of his investment had grown to about $250,000 until two and a half years later. At that point, Gronkowski cashed in his initial $69,000 investment and let the rest continue to grow.
He said: “To date, I own over $600,000 in Apple stock, all because of an investment I made in 2014. I had no idea what I was doing and just listened to plans to build my house in New England. people’s opinions.
although His investment in Apple paid off handsomely — The company’s stock price has risen more than 1,000% since 2014 — Gronkowski doesn’t need financial assistance. The Super Bowl champion famously refuses to spend his NFL salary, choosing instead to live off endorsement deals.
In a 2020 interview with CNBC Make It, he said he had always wanted to be financially prepared for the day football salaries stopped coming.
“Throughout my NFL career, the whole purpose of saving was to save for after the football game was over because you don’t know how long the game of football is going to last,” he said then.
Financial discipline allowed him to enjoy his athletic retirement without having to worry about continuing to make money.
“It feels good to be in (this) position,” he said. “It feels good to get out there and try to find something that I love to do.”
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