NFL legend Rob Gronkowski invested in Apple stock in 2014, which tripled in value from $69,000 to over $250,000 after he forgot about it for two years. This significant gain occurred during a strong recovery year for Apple, where the company became the most valuable in the world.
The Outcome
Contextualizing the Investment
The year 2014 was a significant one for Apple, marked by a strong recovery after a dismal first quarter. The company’s stock soared, making it the most valuable company in the world at the time.
Gronkowski’s Financial History
Over the course of his 11 seasons in the NFL, Gronkowski made roughly $70 million in salary but famously never spent any of it. Instead, he lived off his endorsement money from brands like Dunkin’ Donuts and T-Mobile.
Purchased on Advice from His Contractor
Background
A Forgotten Investment
Gronkowski claims that he forgot about the investment for more than two years, only remembering it when his $69,000 stake had already tripled in value. By the time he remembered, his investment had grown to over $250,000.
Background on Apple’s Performance
In 2014, the year Gronkowski made the investment, was a significant year for Apple. The tech giant had a marquee year, with its stock soaring after a disappointing first quarter. By the end of the year, Apple became the most valuable company in the world.
Contextualizing the Investment Story
The Investment Story
When Gronkowski remembered his investment, he found that it had tripled to $250,000.
