Dave Portnoy Net Worth

This American entrepreneur and sports figure is best known for his company, Barstool Sports. This digital sports company was his claim to fame and made him millions. Penn Gaming acquired 36% of the company for a beautiful $163 million. Dave Portnoy is best known for being a famous blogger, too. As the world of blogging continues to increase in popularity, more and more people are wondering about the millionaire bloggers that have already made it big. It instantly makes you wonder what is Dave Portnoy’s net worth?

Dave Portnoy’s Net Worth

Dave Portnoy net worth is a total of $100 million. His net worth is the result of his successful business ventures. Most of his wealth comes from Barstool Sports. Barstool Sports is responsible for earning David Portnoy millions of dollars and often pays his salary every year. David Portnoy continued to work hard, building on his education, and it has finally paid off. 

Dave Portnoy Early Years

Dave Portnoy was born in Swampscott, Massachusetts on March 22, 1977. He stayed in his hometown until it was time for him to head off to college. Portnoy attended college at the University of Michigan, where he graduated. However, his degree was in education. 

After graduation, he wound up working for an IT company involved in market research called Yankee Group. During this time, he lived in Boston. It was at Yankee Group that Dave learned more about the world of IT. This, combined with his previous studies, made it obvious that he was destined to be a famous blogger someday. 

Barstool Sports

In 2003, Dave Portnoy founded Barstool Sports. This company would later contribute a great deal to Dave Portnoy’s net worth. However, it did not start out as the amazing digital sports center that it is today. During its early days, Barstool Sports was a publication that was circulated only in Boston. It offered sports news and more. 

Four years later, in 2007, the website of Barstool Sports was launched. After launching the website, Portnoy began to work at least ten hours a day as he worked his regular job and slowly built his website into the sports powerhouse that it has become today. 

The site is described as a unique combination of both “ESPN and Girls Gone Wild.” It offers both half-naked women, snarky comments, and plenty of actual sports coverage. It remains one of the most popular sports websites today. 

One Bite With Davey Pageviews

Dave Portnoy started a review series in 2017. The goal was to review every place that serves pizza in Manhattan. This internet series is featured on YouTube. Although Dave Portnoy is the star, the popularity of the show has attracted celebrities and various sports players as well. David Portney is still working on the goal of reviewing all of the pizza places. This venture is fun and successful, but it likely only contributes a small portion to Dave Portnoy’s net worth.

The Chernin Group

The Chernin Group acquired the majority of the Barstool company in 2016. By 2018, they had invested over $20 million into the company. However, Dave Portney who built Barstool Sports retained control over all of the content, podcasts, and everything else that made the company the legend that it has grown into today, including alcohol, merchandise, television shows, and much more. 

Penn National Gaming

As Barstool continued to grow in popularity, it was noticed by a multitude of companies, including Penn National Gaming. In 2020, Penn Gaming acquired 36% of the company, Barstool Sports. At the time, this transaction with Penn Gaming was valued at $450 million. This reduced the hold of the Chernin Group on the company, and the stock market reacted accordingly with shares sliding downwards. However, they quickly rose again to over $100 per share in 2021. This made both the company, and David Portnoy, considerably wealthy. 

Dave Portnoy Net Worth

Dave Portnoy’s net worth is estimated to be $100 million based on the total value of his shares in Barstool, previous financial transactions, and the worth of other business ventures. Although most of his ventures prove to be successful, they do not make David Portnoy as wealthy as Barstool Sports is. David Portnoy’s net worth is largely due to Barstool Sports and the money that he still makes from the company. 

The Barstool Fund

Dave Portnoy became a bit more well known during the pandemic, when he donated $500,000 to the Barstool Fund, a fund that helped just over 350 small businesses. The donations helped businesses survive that were hit hard by the crisis. 

Today, Dave Portney is still enjoying sampling pizza in Manhattan and remains in control of most of his company, Barstool Sports. This unlikely sports media powerhouse still offers plenty of sports coverage! 

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