How much is David Portnoy worth?
| Net Worth: | $100 Million |
|---|---|
| Profession: | Businessmen |
| Date of Birth: | March 22, 1977 (age 45) |
| Country: | United States of America |
| Height: | 6 ft 2 in (1.88 m) |
About David Portnoy
Dave Portnoy is an internet celebrity and blogger who founded Barstool Sports, a popular sports and culture blog. He is a highly successful, and sometimes controversial entrepreneur. His outspoken views and willingness to go against the grain have often seen him in the headlines all adding to his popularity.
Dave Portnoy started his company 20 years ago. Barstool Sports was originally a printed newspaper delivered to commuters in Boston. He took the business online in 2008 and by 2013 the site had a huge following and was doing well. His popularity grew after the launch of his internet show – The Bro Show, which started out as Dave and his co-presenters driving around the country going to various sports events and visiting beaches and restaurants.
These first offerings morphed into what’s now called the Rundown, where the hosts chat and joke about current affairs and life in general. His podcast is currently one of the top 10 downloaded podcasts in the US.
Portnoy’s wealth didn’t come overnight, and he worked hard to build his company from scratch. From the humble beginnings of handing out his newspaper to early morning commuters, to selling his company in a multimillion dollar deal, and moving to a fully staffed office in Manhattan.
Barstool Sports grew organically through word of mouth. The print version was a success in its own right, through its high readership combined with good advertising revenue. Barstool Sports has been at the forefront of the online sports industry and managed to gain a huge following with their satirical take on sports and the world in general. Dave and his co-hosts on screen antics resonated with his audience and the shows popularity grew.
Portnoy’s Total Net Worth
David Portnoy has earned a substantial net worth from the growth and sale of his company, relating to sports and pop culture. The Chernin Group bought a majority shareholding in Barstool Sports in 2016, then in 2020, Penn Gaming bought a further 36% of the shares from the founders for a reported $163 million; putting the valuation of the company at $390 million. It is estimated that Portnoy’s stake in the company, as well as a tiny share of the company Penn Gaming, makes his net worth an estimated $100 million.
Summing-Up
David Portnoy’s rise to internet celebrity is not some overnight success story. It’s a tale of someone who dared to take a chance on trying something new. Following his passion he spotted an opportunity and created a business that grew beyond his wildest dreams. He admits that he never expected the levels of success he’s achieved. His decisions shaped his fortune.
Each decision ultimately led to the huge success of his business. His personality and often controversial behavior have added to his profile and gained him more fans, helping to propel him to internet fame and fortune.
