Dave Portnoy Quick Facts
|Date of Birth||March 22, 1977|
|Height||5 ft 10 in (1.78 m)|
|Source of Income||Barstool Sports owner, Businessman and Entrepreneur|
Dave Portnoy Net Worth
Dave Portnoy’s net worth is estimated to be approximately $120 million.
In addition to being the creator of Barstool Sports, Dave Portnoy is a famous American entrepreneur and sports media figure who made his wealth in the sports industry. The first issue of Barstool Sports was published in 2003 as a print publication.
Over the years, the organization would develop into an improbable sports media behemoth, despite its small size.
Dave Portnoy Early Life
Portnoy was born on March 22, 1977, in the Massachusetts town of Swampscott. He was introduced to sports at a young age and went on to play baseball and football throughout his childhood. Despite the fact that Portnoy would not be participating in sports in college, this did not prevent him from attending the University of Michigan, which is known as one of the nation’s premier sports universities. In 1995, he graduated from the University of Michigan with a bachelor’s degree in education.
Following graduation, he moved on to work for the Yankee Group, which was a technology research organization in Boston that he later joined. He worked there for four years before deciding to leave and launch his own company, Barstool Sports.
Following graduation in 1999, Portnoy relocated to Boston and began working for Yankee Group, a market research business specializing in information technology.
Dave Portnoy Career
After four years with the Yankee Group, Portnoy decided to start his own company, which would ultimately become Barstool Sports.
On January 7, 2016, the Chernin Group announced that it had acquired majority ownership in Barstool and that the company’s headquarters would be relocated to New York City. Penn National Gaming obtained a 36 percent ownership in Barstool Sports from the company’s founding partners for $163 million in compensation and non-voting convertible preferred shares in the amount of $135 million in cash. Similarly, The Chernin Group retains a 36 percent investment in the company, but Portnoy continues to administer the site and maintains creative control over the material.
Davey takes a bite out of the apple. Pages views is an internet show that Portnoy produced that consists of him evaluating several types of pizza. In 2017, Portnoy began working on his aim of rating every pizza shop in Manhattan. While many movies just feature Portnoy, celebrities and athletes frequently appear as guests in other videos.
Dave Portnoy Personal Life
On the site, Portnoy progressively developed his identity as “El Presidente,” a character who is honest and candid in his speech. His work was well-received by young guys, and the magazine went on to become a staple of the bro culture movement. He became well-known for his arrogant and outspoken demeanor, and he has received negative feedback for his blog posts and disparaging remarks directed at women and others.
Dave Portnoy Arrests
Previously, Portnoy had been detained in connection with NFL-related incidents: first, on May 12, 2015, when he was arrested by New York City police after he and 3 Barstool employees handcuffed one another on the floor of NFL headquarters to take a stand against Deflategate, and then again, in 2019, when he was detained at Mercedes Benz Sports arena for a few quarters of Super Bowl LIII. In the latter instance, he had fabricated fraudulent passes to attend a press event the day before and had been barred from attending the game as a result of this.
In 2019, the National Labor Relations Board opened an investigation into Portnoy’s social media remarks, alleging that he had illegally threatened to fire his employees if they joined a union. This past December, Portnoy and the Board negotiated an informal agreement in which he agreed to delete his threatening tweets and erase any prospective anti-union material made by Barstool Sports. A key finding of the settlement was that the Twitter account that had originally encouraged employees to join a union was really operated by Barstool in an attempt to expose labor organizers’ activities.
Dave Portnoy Relationships
Portnoy is of Jewish descent. He married Renee Satherthwaite in 2009, and the two were divorced in January of the following year. In 2020, Portnoy made a contribution of $500,000 to The Barstool Fund, which is a relief initiative for small businesses that have been affected by the COVID-19 outbreak. As of May 2021, the campaign had raised more than $39 million for 348 different businesses.
According to a Business Insider exposé story published in November 2021, Portnoy had engaged in forceful sexual encounters with three different females.
When asked about the “hit piece,” Portnoy responded by saying that Business Insider had been trying to unearth evidence of misconduct on his part for nearly eight months.
Dave Portnoy Hobbies
Dave enjoys a variety of hobbies including travel, video games, and watching sports. He also enjoys going to the gym five times a week to lift weights and work on his boxing moves. Dave enjoys day trading, and he has been quoted as saying that he would rather spend his time day trading than working for a company.