close
close
How NFL legend Rob Gronkowski made a nearly 1,000% profit on his first-ever stock investment – after forgetting he owned the shares

Benzinga and Yahoo Finance LLC may earn commission or income from some articles through the links below.

Sometimes it’s better to be lucky than to do good, but nothing beats luck and greatness. Former NFL tight end Rob Gronkowski, who won multiple Super Bowls throughout his illustrious career, is undoubtedly considered great. However, he also had incredible luck on his first stock trade, which gave him a profit of almost 1,000% on Apple shares that he bought on the recommendation of his contract partner.

Don’t miss:

Rob Gronkowski rose to fame as a prominent member of the New England Patriots dynasty led by head coach Bill Belichick and quarterback Tom Brady. Unlike Belichick and Brady, who were known for their reserved, all-business personalities, Gronkowski was famous for his lively, fun-loving personality. So it may come as a surprise that Rob Gronkowski is financially savvy, but by all accounts he has managed his finances very well.

In his 2018 book It’s Good to Be Gronk, Rob revealed that he never spent any of the estimated $70 million he earned in the NFL and avoided buying expensive items like cars and jewelry. Gronkowski parlayed his fun-loving personality into a successful career as a pitcher for some of America’s most iconic brands such as T-Mobile and Dunkin Donuts. He lived on money from his marketing deals, not his NFL salary.

See also: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you’ll work until you die.” These high-yield real estate bonds with yields of 7.5% to 9% make earning passive income easier than ever.

Ironically, Gronkowski’s first foray into stock trading happened completely by accident. In an interview with Fortune Magazine, Gronk shared how he made his first stock trade. “My first stock ever was Apple stock,” Gronkowski said. “The guy who actually built my house in Foxborough said to me, ‘Hey, buy Apple stock.'” Gronkowski wasn’t familiar with stock trading at the time, but he was intrigued.

“You know, I had never been into stocks before and I really didn’t know how stocks worked,” he continued. Finally, Gronkowski decided to pull the trigger and bought $69,000 worth of Apple stock. It was a pretty big investment for a first-time stock buyer, but Gronkowski told Fortune, “I’m going to go big, yeah, of course that just fits in with just being myself.”

Leave a Reply

Your email address will not be published. Required fields are marked *