Dave Portnoy Net Worth

What is Dave Portnoy’s Net Worth?

Net Worth:$120 Million
Profession:Entrepreneur, Blogger
Age:45 Years Old
Country of Origin:United States of America
Born:22 March 1977
Salary:$10 Million
Last Updated:2022

Dave Portnoy net worth is $120 million. Dave Portnoy is an American social media personality, entrepreneur, blogger, and the founder of the Barstool Sports blog. He established “Barstool Sports” as a print magazine in 2003. Over time, the firm would grow into an unlikely sports media giant. Portnoy made his fortune as the founder of Barstool Sports, a digital sports conglomerate that he sold in two transactions for $163 million.

Early Life

Michael and Linda Portnoy gave birth to David Scott Portnoy on March 22, 1977, in Swampscott, Massachusetts. In 1995, he graduated from the University of Michigan with a bachelor’s degree in educational studies.

Barstool Sports

In 2003, Portnoy elected to quit Yankee Group after four years. He founded his first company, Barstool Sports, a famous satirical sports and pop culture site, the same year. The website has grown to be amongst the most popular free sports blogs on the internet, including all sports coverage in the United States Barstool has moved its headquarters to New York City. Monthly, more than 80 million people visit Barstool Sports.

Dave took his chance on Day Trading during the COVID-19 lockdown, but he ended up losing about $647k. He deposited $3 million into an E-Trade account and even live-streamed his everyday trading activities on Twitter. He lost roughly $200k at first, but by April 17th, he had lost $740k. He was able to recuperate roughly $93k by the conclusion of trade on April 20th, and his current loss is approximately $647k.

Dave Portnoy Net Worth and Salary

Charity

He founded The Barstool Fund for philanthropical works. When the COVID-19 outbreak was at its peak in 2020, Portnoy contributed $500,000 to The Barstool Fund, which helped small companies affected by the pandemic. As of 2022, the campaign had raised more than $39 million for 348 companies.

Dave contributed $20,000 to Penn State’s annual IFC/Panhellenic Dance Marathon in 2019, which raises money for pediatric cancer research and treatment, as well as money for animal welfare and Veteran’s Day after the Boston Marathon bombings.

About

NameDave Portnoy
Net Worth$120 Million
Age45
Height(1.82 m)
Weight80KG (Approx)
ProfessionEntrepreneur
Date Of Birth22 March 1977
BirthplaceUnited States
NationalityAmerican
Income$10 Million (Annual)
SpouseNekesta Samone Shelton

Personal Life

Renee Satherthwait and David Satherthwait wedded in 2009 and were together for eight years before divorcing in 2017. Following his divorce from his ex-wife, Portnoy allegedly began dating Jordyn Hamilton.

The couple broke up after a brief relationship. According to sources, David is dating Silvana Mojica, a 26-year-old model, accountant, influencer, and social media star who works as a model, social media star, and accountant.

Controversies

Business Insider expose :

According to a Business Insider expose published in 2021, Portnoy had indulged in violent sexual interactions with three women and had videotaped them without their approval.

He admitted that one of the ladies was hurt during sex, fracturing a rib, but disputed that it was non-consensual. In the year 2022, a number of similar assertions were made. He subsequently sued the publication for making “false and defamatory” statements.

Labor Investigation:

The National Labor Relations Board investigated Portnoy, the founder of Barstool Sports, for threatening to terminate employees if they joined a union. He then consented to an informal settlement that ordered him to erase his threatening tweets as well as any prospective anti-union information from the company’s Twitter account.

NFL Related Incidents:

Portnoy has been arrested in two NFL-related incidents: the first one in 2015, when he and 3 Barstool employees handcuffed each other on the floor of NFL headquarters to protest Deflategate, and the second in 2019, when he was detained by New York City police for creating fake passes to attend a press event the day before and was barred from attending the game.

He was once again put in a holding cell at Mercedes-Benz Stadium for a portion of Super Bowl LIII.

Political Involvement:

Following the retirement of Thomas Menino in 2013, Portnoy ran a mayoral candidacy in Boston, which ended in failure. He failed to file enough nomination signatures to qualify for the election despite earning more than $17,000 in campaign contributions. During the elections, he was identified as a libertarian.

Real Estate

David Portnoy reportedly paid $15 million for a property in Morningside, Miami which is said to have a view of the ocean. Portney is also claimed to be the owner of Hamptons beach house in Montauk valued at $10 million.

Wealth Dependency

Most of David Portnoy’s money comes from his own company Barstool Sports and he is also involved in other businesses. Every year there is a tremendous boom in his net worth. His Net Worth Has Almost Doubled In The Last 5 Years. Portnoy made his fortune as the founder of Barstool Sports, a digital sports conglomerate that he sold for $163 million.

Summary

As of 2022, David Portnoy’s net worth is estimated at $120 million with an annual income of around $10 million. Most of his income comes from his company Barstool Sports. Currently, he serves as Chief of Content, overseeing everything from podcasts, videos, and merchandise.

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