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Many investors might associate millionaire-making stocks with New York rather than London. The likes of Nvidia, Tesla and Monster Beverage may spring to mind. Yet some FTSE stocks have created riches too.
Indeed, a £20k investment in either of these two UK shares would have grown into a small fortune as they transitioned from small-cap stocks to blue-chip companies in the FTSE 100.
But are they still worth buying today?
JD Sports
First up, we have JD Sports Fashion (LSE: JD). Shares of the sportswear retailer have moved from a split-adjusted 2p in June 2004 to 126p today.
That’s a mammoth 5,909% gain that would have turned £20k into around £1.2m!
On top of this, our hypothetical investor would also have bagged a load of dividends.
So what has gone so right at the company over the past two decades?
Well, unlike many high street retailers, JD embraced e-commerce early on. It developed a seamless…
