Dave Portnoy Net Worth – $300 million
What is Dave Portnoy’s net worth? Who is Dave Portnoy’s girlfriend?
Dave Portnoy, nicknamed – El Presidente, is the founder of Barstool Sports, a driving force in entertainment, sports, and men’s culture.
He was born on March 22, 1977, in Swampscott, Massachusetts, USA.
Portnoy went to Swampscott High School.
In 1998, Dave graduated from the University of Michigan.
In 1999, he started to work for a local technology market research firm, Yankee Group.
In 2003, Portnoy founded Barstool Sports as a print publication.
”I don’t know why; that was just how my brain worked,” Dave said. ”I always wanted to start my own business.”
The company went digital around 2007 with the help of a fan who wanted to access Dave’s product after he moved to New York City.
In 2013, he had planned to run for Mayor of Boston.
In January 2016, The Chernin Group purchased 51 percent of Barstool Sports for $10 – $15 million.
”This was not my cash-out moment,” Portnoy said at the time. ”This was our best shot to literally take this thing to the moon.”
The acquisition was overseen by Mike Kerns, Chernin Group’s president of digital.
In April 2016, Barstool Sports moved to the entire third floor of the 11-story office building between Broadway and Fifth Avenue.
On July 19, 2016, Erika Nardini was announced as the CEO of Barstool Sports. From January 2013 to December 2014, Nardini served as the chief marketing officer of AOL.
One Bite Pizza Reviews
On January 9, 2019, Portnoy started the YouTube channel ”One Bite Pizza Reviews.” The majority of the videos present Dave as he travels to various pizza restaurants across the US and eats a slice.
”I started in Boston, and then I moved to New York a couple of years ago and decided I’d eat every slice in Manhattan,” he explained.
In January 2020, Penn National bought a 36 percent equity stake in Barstool Sports for $163 million, in a deal that valued Barstool at $450 million. Penn National has the option to acquire another 14 percent stake via warrants three years after the deal.
”They have the infrastructure,” Portnoy declared. ”We have this rabid audience, this fanbase craving it.”
The Chernin Group remained with a 36% interest in the company.
In April 2020, Portnoy started a personal feud with the former executive vice president of HBO Sports, Peter Nelson. The controversy started after Nelson allegedly advised Sofia Franklyn and Alexandra Cooper (co-hosts of Call Her Daddy podcast, at the time) to ask for a significant raise.
Note – Call Her Daddy was bought by Barstool Sports in 2018. Also in 2018, Barstool bought ”BizNasty Does BC,” a podcast created by Paul Bissonnette and Pasha Eshghi.
In July 2020, he interviewed Donald Trump at the White House.
In October 2020, Dave and Josh Richards started the weekly podcast ”BFFs with Dave Portnoy and Josh Richards.”
In 2009, Dave Portnoy married Renee Portnoy (nee Satterthwaite). They became engaged in 2008.
Renee manages the foster home for dogs, Nantucket Island Safe Harbor for Animals. She got the nickname ‘First Lady of the Barstool’ from the blog followers.
In 2017, Dave announced that the two have separated.
”Yes, I’m separated right now from the First Lady,” Dave wrote on his blog in January 2017. He added: ”I have been for a little while now. I didn’t mention it out of respect to everybody involved, but it was mutual.”
”So yes, I recently met a girl, and we started dating,” he also wrote.
The girl was later revealed to be Jordyn Hamilton.
Portnoy is currently dating Silvana Mojica.
Portnoy is 6 ft 2 in (187 cm) tall.
”We will not bow down to the winds of PC culture whichever way they may blow.”
”I make the decisions nobody else has the stomach to make.”
”We don’t back down from controversy-we fan the fires.”
”We’re a comedy brand that pokes fun at everybody.”
Dave Portnoy – Net Worth
Portnoy earned most of his wealth from managing Barstool Sports. He also owns “a ton of Penn stock.”
”I think my net worth was around $100 million,” he told Business Insider in April 2020 about his net worth. ”Literally probably cut in half, maybe more now.”
”I think a lot of people on Wall Street actually love it,” Portnoy said for Bloomberg Quint.
At the end of March 2020, Dave decided to put $3 million into an E-Trade account. In October 2020, Portnoy said he was up about $1 million.
Dave also said his investment strategy is to focus mostly on brand names.
In 2020, he donated $500,000 to The Barstool Fund.
In 2021, Dave bought a waterfront home in Miami’s Morningside for $14 million.
In February 2023, Portnoy sold the remaining 64% percent to Penn Entertainment for $388 million.
Therefore, the founder of Barstool Sports, Dave Portnoy, has an estimated net worth of $300 million.
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