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Dave Portnoy Had a lot of success – and some lumps in the way – in building his financial empire.
Portnoy founded Barstool Sports in 2003 as a weekly print announcement. A year after forming the company, Portnoy filed for bankruptcy defense in 2004 after large gambling losses, per The New York Times.
Many years later, Barstool Sports expanded on -lein and abandoned his print operation in 2010. After focusing primarily on the digital aspect, Portnoy saw growth in his company and won investments from multiple equity companies including the Chernin group.
In 2020, Penn National Gaming bought 36 percent of Barstool sports for $ 163 million in a mix of cash and stocks. Three years later, the company bought the rest of the network for $ 388 million.
Six months after full acquisition of Barstool sports, Penn National Gaming decided to share roads with the brand. Subsequently, Portnoy bought the company back for $ 1. After becoming a sole owner, Portnoy promised that he would never sell again.
“For the first time in forever, we don’t have to watch what we say, how we’re talking, what we’re doing. It’s back to the ship -lady,” he said in August 2023 YouTube video. “By the way, I’m never going to sell Barstool sports. Ever.”
Keep scrolling to see what Portnoy has said about money over the years:
Provide relief
In the midst of Covid-19 pandemic, Portnoy set up a Barstool Fund to help restaurants and small businesses to improve financially. The CEO gave $ 500,000 of his own money for the effort.
“I don’t care how I get the money. If I need to raise more money, if I have to pay it myself, whatever it is, I will be creative,” explained in a video in December 2020 Loaded through x. “But once you’re in our program we will pay whatever you need.”
Selling Barstool
During the appearance of March 2023 on Logan Paul‘S. “Impaulicive” podcastPortnoy claimed he made $ 100 million by selling Barstool sports and distributed the wealth to his colleagues.
“We’ve sold twice,” Portnoy remembered. “The first time, I took my equity and gave about 15 percent of it to my early men so they had equity.”
Invest in athletics
Portnoy, an alum in Michigan, was joking that he would be pleased to introduce to have his football team Alma Mater as an elite quarter.
“Michigan, I will be your quarterback guy… I will sign them $ 1 million, $ 2 million, $ 3 million – whatever it is,” he said during the appearance of September 2024 on Barstool Pickem. “I can get a quarterback, we don’t have a quarterback.”
Give full access to his ex-wife
Portnoy made headlines in December 2024 when he still had his ex-wife, Renee Access to their money Despite being separated since 2017.
“We met when Barstool was nothing, so she rode the grinding with us,” she said on the podcast “The Sage Steele Show”. “Yet, right now, she basically has access to all my money. If she wanted to be like, ‘I take it and gone,’ he could.”
Portnoy explained that he and his former member were still technically married since the province of Massachusetts denied their divorce because of their financial situation.
“She and I have a very liquid relationship with our funding,” he continued. “It’s not like, ‘Give me half,’ and we’ve been legally separated for a long time. The judge said that our deal was not fair to it. They are like, ‘it’s worth much more you have to give half.'” “”
Charitable offer
While visiting a local pizza store in Baltimore, Portnoy was inspired to give $ 60,000 to the Tinybrickoven pizzeria so that it could keep its doors open a little longer.
“That’s the number, you’ll have before Christmas,” Portnoy told the store owner in December 2024 Instagram Video. “It should keep you open for a year… the pizza was good too.”
What he pays his employees
Portnoy had an honest about how many parstool personalities do after Grace O’Malley Separation ways with the company. In Tiktok Video Jan 2025, Portnoy Unveiling of O’Malley Foundation Salary was $ 175,000 with the chance to win more.
“He got another $ 75,000 in 2024 that way,” he said. “(Her interview) could have been broken up, misinterpreted a little, but it worries me when people make it seem like they’re not paid fair. I think we’ve treated – as I’ve said from the beginning – Grace Great.”
Portnoy also explained that once Barstool makes back the basic salary of the personality, they “split every fifty and a half dollars” going forward.
“I don’t like it when people make it seem like we scammed our creators, because we don’t,” he added.
Trouble tariffs
After new tariffs were implemented in the United States in April 2025, Portnoy admitted that it was already took a financial beat Due to the decline of the stock market.
“I went Super Viral when I said I had lost $ 7 million,” said Portnoy during a chapter of his live stream “Davey Day Trader” referring to his comments three days before. “We will kill to be back to lose $ 7 million.”
While $ 7 million seemed like a lot, social media personality admitted that the loss was actually much worse than that amount. Portnoy guessed its net value – estimated to be $ 150 million – decreased by 10 to 15 percent.
“If I had to guess, I’m down in the last three days probably close to ($ 20 million),” he claimed.
