|Full Name||David Scott Portnoy|
|Birth Date||Born on March 22, 1977|
|Birth Place||Born in Swampscott, Massachusetts, U.S|
|Profession||Blogging, online celebrity|
|True Net Worth||$120 million|
Dave Portnoy is an online personality who has an estimated net worth of 120 million dollars that was accumulated in a variety of ways. Learn more about it here.
David Scott Portnoy or better known as Dave Portnoy has a net worth of $120 million. He is an American internet celebrity, entrepreneur, and blogger. He is best known for founding the popular online blog site Barstool Sports. Here are some interesting and unknown facts about his life.
David Scott Portnoy was born on the 22nd of March in 1997 to parents Michael and Linda Kaufman. He spent his early life in the beautiful city of Swampscott in Massachusetts. While living there, he attended Swampscott high school. After graduating from high school, Portnoy attended the University of Michigan in 1995.
In 1999, Portnoy graduated with a degree in education from the University of Michigan. After his graduation, Dave moved to Boston to look for better career opportunities. Here he got a job in the well-renowned Yankee Group which is a popular IT market research firm. He stayed at this firm for 4 years from 1999 to 2003. During his stay there, Portnoy gained valuable market experience which helped him take the next big step in his career.
Founding Barstool Sports
After leaving Yankee Group, Portnoy began a sports print publication in the Boston area in 2003. This paper was named Barstool Sports and offered everything from fantasy predictions to sports coverage. This paper was an instant hit in Boston and was well received by sports fans city-wide. In 2007, Portnoy took the next step by launching the Barstool Sports website. This popularity helped his company gain notoriety all over America.
After going online, the Barstool Sports website became the be-all and end-all for sports fans all over America. In the following years, Portnoy put in countless 15-hour shifts to make his company a major success. During this time, Barstool Sports also received countless awards and recognition from various top sports media outlets.
Creation of an Online Persona
In addition to running the day-to-day operations of the website, Portnoy also created a unique online persona. He went by the title ‘El Presidente’ and became popular for his blunt and matter-of-fact takes. His writings received praise from younger audiences which helped him establish a loyal customer base. He became well-known for his brash and unapologetic attitude and this is what helped his website stand out.
The Chernin Acquisition
In 2016, Peter Chernin of the Chernin group acquired a majority stake in Barstool for about 10$-15$ million. This helped Dave Portnoy net worth significantly. By the year 2018, Chernin had invested a total of $20-$25 million to increase his stake to 60%.
Penn National Acquisition
In January 2020, Dave Portnoy net worth was increased even more when Penn National acquired a 36% stake in Barstool for $450 million. In the days after this announcement, Barstool shares surged up to $38 which had a major impact on Dave Portnoy net worth.
The Barstool Fund
In 2020, due to COVID-19, Dave donated $500,000 to the Barstool fund which helped small businesses all over Boston. Over time, he has also raised close to $39 million which helped save more than 350 small businesses.
In addition to a successful online sports website, Dave Portnoy started an online show in 2017. The show is One bite with Davey Pageviews. In this show, Portnoy reviews pizza. During the early videos, Portnoy used to do the show alone. However, since then he has invited a lot of celebrities and athletes like Gucci Mane that have helped raise the popularity of the show.
Additionally, he also hosts a podcast called the Dave Portnoy Show with Eddie & Co.
In 2013, at the height of his powers, Portnoy launched an unsuccessful campaign to become the mayor of Boston. However, he failed to submit enough nomination signatures to qualify for the election despite raising $17,000 in campaign funds. During his political campaign, he identified as a Libertarian.
Dave Portnoy married Renee Satherthwaite in 2009, and they separated in early 2017. He has also appeared on several talk shows similar to Gucci Mane and Kelsea Ballerini.