Anyone who is constantly in search of the finest pizza reviews must have come across Dave Portnoy. But if you think that Dave Portnoy net worth is only built through pizza vlogging, you need to give this article a read and discover his other sources of income.
Portnoy is a daredevil who doesn’t shy away from taking enormous risks with his investments. He recently caught media attention due to his spiteful words for former Real Housewives Of America fame Sonja Morgan after her unconventional remark towards him.
Creating a buzz for his name among netizens, Dave Portnoy has a huge fan following. He is a well-known blogger and mastermind behind Barstool Sports, nevertheless, that’s not all he does for maintaining his lush lifestyle. This article will walk you through his net worth and assets in detail.
| Full Name: | David Portnoy |
| Known As: | Dave Portnoy |
| Date Of Birth: | 22nd March, 1977 |
| Birth Place: | Swampscott, Massachusetts., US |
| Nationality: | American |
| Age: | 46 Years |
| Height: | 5 ft. 10 in. |
| Profession: | Blogger |
| Net Worth: | 100 Million USD |
| Years Active In Industry: | 20 years and still active |
| Partner: | Silvana Mojica |
| Ex-Wife: | Renee Satterthwaite |
| Founder Of: | Barstool Sports |
Early Life & Career
Born on March 22, 1977, Dave Portnoy born resident of Swampscott Massachusetts, U.S. After completing his studies at Swampscott High School, he joined the University Of Michigan and became a sports lover while there. Talking about his family, there isn’t much to dig into except for the name of his father- Michael Kaufman and his mother- Linda Kaufman.
Dave Portnoy Net Worth
Growing the majority of his wealth from Barstool Sports, Dave Portnoy net worth is reported to be around 100 Million USD. While in uni., he launched his website thegambling.com to post about his sports betting picks. He landed a job at an IT research firm- Yankee Group, after garnering a degree from the University Of Michigan. Let’s all see how he built his million-dollar empire afterward.
Barstool Sports
After leaving Yankee in 2003, Dave Portnoy started selling his own four-page newspaper- Barstool Sports, in the Boston metropolitan area. From the layout to contents, he used to finalize everything initially before on-boarding a few freelance writers including his schoolfellow and television fame Todd McShay.
In a year, the paper raked in quite a readers’ community and enthralled advertisers and investors. Following the unpredictable success of Barstool Sports, it was turned into a blog in 2007.
With time Barstool Sports rose to prominence and The Chernin Group (TCG) acquired 51% of the stake in the company and shifted its headquarters to New York City in 2016 and paid between $10 to $15 Million. TCG made another investment of nearly $20 to $25 Million acquiring a total of 60% stake in Barstool Sports in 2018.
In 2020, Penn National Gaming (now Penn Entertainment) valued Barstool Sports at a whopping $450 Million and acquired a 36% share in the sports site against $135 Million cash and rights in Penn non-voting convertible preferred stock worth $28 Million which added a nice change of chunk to Dave Portnoy net worth. The deal with Penn National Gaming also did bring in the plan to allocate $60 Million in funds toward the expansion of Barstool Sports. After the deal, TCG was left with a 36% stake in the company. Furthermore, this year in February, Penn Entertainment reportedly announced a full takeover of Barstool Sports with $388 Million.
Merchandise
Dave Portnoy took the leverage of the prominence of Barstool Sports to add generous bucks to his bank account. He launched his online apparel merch under the name of his excessively famous blog and Pink Whitney in September 2019.
Apart from that, he also raked in money by selling frozen pizzas under ‘One Bite’ frozen pizzas in a collaboration with Happi Foodi. The earnings through the sales must have been quite generous considering he sold them through more than 3500 Walmart locations.
Pizza Reviews Site
Dave Portnoy started his pizza review site- One Bite With Dave Pageviews, in 2017. The El Presidente Barstool Sports primarily aimed to share reviews about pizza outlets in Manhattan but gradually started to cover pizza places all over the world. You’ll find zillions of videos on his site. Surely, another good attempt that pushed Dave Portnoy net worth to another level.
Other Investments
Although Dave Portnoy net worth is majorly associated with Penn Entertainment, he also invested his hard-earned money in stocks and Bitcoins. He criticized the move of Chewy Inc. co-founder and GameStop Corp. chairman to dump his rake-off in meme stock Bed Bath & Beyond Inc. after their value skyrocketed over 350% in less than a month.
The deal with Penn Entertainment made him a stakeholder of the company fetching him more than $50 Million which made Dave Portnoy net worth drastically huge. He also announced the establishment of Davey Day Trader Global (DDTG) during the pandemic. Although he has faced several losses down this line, his YT Channel- #DDTG Show got sponsorship from TraderZero America in 2020.
2013 Campaign To Be The Mayor Of Boston
Dave Portnoy stood as a candidate for the 2013 elections to appoint the new Mayor of Boston. He garnered $17K as campaign contributions but couldn’t qualify for the ballot because of a lack of minimal nomination signatures.
Losses
Following his losses in gambling, he was declared bankrupt in 2004 and owed $59K to a few credit card companies and $18K to his father.
Endorsements
Dave Portnoy net worth is tasting all the available ventures around. It is evident from his 7-figured deal that Bar Stools entered into with ‘The Baddy’ Pimblett. He reportedly assisted an exchange-traded fund (ETF) BUZZ in its launch.
Real Estate
Dave Portnoy is a brainbox who has leveraged many opportunities that came his way. He shelled out $9.75K to buy a beach house in the Hamptons last year. A year before, he was residing in his South Florida home. He reportedly rented a beach house in Miami for $200K per month which was previously under the ownership of Floyd Mayweather and has a $14 Million waterfront pad in Miami in his name too.
Lately, he invested $1.4 Million to acquire a 1500 sq. ft. ranch-style home in Saratoga Springs, New York, offering glimpses of the Oklahoma Training Track across the yard.
Philanthropy
During the pandemic, Dave Portnoy shared a decent share of his net worth with over 350 small businesses to help them survive through the sudden drift and adverse effects of Covid-19. He launched the Barstool Fund for them and reportedly made a contribution of 500K towards it. Barstool has reportedly raised nearly $40 Million for public donations until now.
He also made a meaningful contribution of $20K in 2019 to Penn State’s annual IFC/Panhellenic Dance Marathon for pediatric cancer research and treatment.
Personal Life
Dave Portnoy tied the knot with Renee Satterthwaite in 2009 after a year of their engagement. Brought up in Massachusetts, Renee has a degree in International Relations from Boston University. She began to handle his chores including the Barstools and helped Dave Portnoy in taking his business across the boundaries. It was in 2017 that the couple called their marriage off, due to the buzz around Dave’s extramarital affair with Jordyn Hamilton, as reported by The Sun.
Quick Look
Dave Portnoy net worth is built on his multi-million dollar blog site Barstool Sports. The company was initially a print publication that went online after the massive prominence among readers, advertisers, and investors. It was later acquired by two big companies The Chernin Group (TCG) and Penn Entertainment. As of now, the latter holds 100% rights in Barstool Sports.
Apart from Barstools Sports, Portnoy also makes his fortune from investments in real estate and cryptocurrency. The above article has talked about Dave Portnoy net worth and assets in detail.
