Dave Portnoy is an American businessman and sports media celebrity who is the founder of Barstool Sports. In 2003, he launched Barstool Sports as a print journal. The company would evolve into an unusual sports media behemoth over the years.
What is David Portnoy Net Worth?
David Portnoy is a $100 million net-worth American sports and online entrepreneur. Portnoy is the founder of a digital sports juggernaut. David has sold pieces of Barstool, with the last transaction in August 2022. In 2016, he pledged to The Chernin Group. Penn Gaming paid $163 million for a 36% share from the founders in January 2020. This acquisition included purchasing the entire firm later. Penn Gaming exercised its option to buy Barstool outright in August 2022 for $390 million. Penn Gaming paid $550 million for the whole Barstool.
David Portnoy in Politics:
Portnoy considers himself “socially liberal” and “fiscally conservative.” In a 2015 blog post, Portnoy stated, “I am voting for Donald Trump.” I don’t mind if he’s a prank. I couldn’t care less whether he’s a racist. None of it matters to me. I’m hoping in the race and wins. Why? Because I enjoy the idea that he is making other politicians uncomfortable. I like how he speaks things no one else says, no matter how absurd they are.” Portnoy denounced the Supreme Court’s Dobbs v. Jackson ruling in 2022, overturning Roe v. Wade. “To me, this is just total craziness, pure insanity,” Portnoy remarked. We are traveling back in time.
Successful Career of David Portnoy:
In 2016, Portnoy announced that Chernin Group had a controlling share in Barstool and that the company’s headquarters to New York City. The following year, he began a review series called ‘One Bite with Davey Pageviews.’ The series’ purpose is to review every pizza joint in Manhattan. Penn National Gaming paid $163 million for a 36% share in Barstool Sports in 2020. The Chernin Group retained a 36% share in the company following the transaction. He was detained in a holding cell at Mercedes-Benz Stadium for a Super Bowl LIII. Portnoy was barred from attending the game after fabricating fake tickets to participate the day before. Dave Portnoy’s net worth is $120 million as of November 2022.