Dave Portnoy Net Worth

Dave Portnoy Sells Stake In Barstool Sports for $450 Million

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Dave Portnoy is a an American internet celebrity. Portnoy created the popular news website Barstool sports which was purchased in 2020 by a casino company Penn Sports.

dave portnoy net worth

Barstool Sports

Dave Portnoy continues to work at Barstool sports and holds the position chief of content. Barstool sports mainly publishes content around sports, sports betting and lifestyle articles.

Barstool sports have a long lifespan of over 10 years, publishing content. Portnoy founded the website when sports gaming become popular in the US and successfully capitalised on this turn of events.

Barstool is known for being popular amongst colleges and has a strong followers who adore Dave Portnoy.

Dave Portnoy Gained His Net Worth

Dave Portnoy gained the vast majority of his wealth when Penn Sports Gaming company purchased his popular company Barstool sports.

Penn bought a stake in Barstool valuing Barstool at a whopping $450 million!

Dave Portnoy Net Worth

Dave has has an estimated net worth of around $100 million.

Dave Portnoy gained his wealth from the sale of a large stake in his company Barstool for which he was founder.

Dave Portnoy Day Trader

Dave has been providing trading live streams using the app Periscope to discuss his day trading within US stock markets.

Portnoy claims to have around $3 million in an ETrade brokage account and uses this for a ‘bit of fun’ to build and play with the stock market.

At the end of January 2021 Dave Portnoy was involved in the GameStop GME saga in the US stock markets. Dave reportedly lost $700,000 when the popular trading app RobinHood prevented users purchasing highly volatile stocks including GameStop (GME), Nokia (NOK) and AMC (AMC).

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