David Portnoy’s net worth 2023: Portnoy is an American entrepreneur who is famous as the founder of the sports and pop culture blog, Barstool. How much do you know about him? Read on as we take you through the biography, family and personal life, salary, earnings, and net worth of Dave Portnoy. What’s more, you’ll also learn how the Barstool founder made his fortune.
Who is David Portnoy and How Much is He Worth?
| Full Name | David Scott Portnoy |
| Date of Birth | March 22, 1977 |
| Age | 45 Years |
| Profession | Businessperson |
| Height | 5 ft 10 in (1.78 m) |
| Country of Origin | United States of America |
| Source of Wealth | Business |
| Net Worth | $120 million |
| Last Updated | February 2023 |
David Portnoy is an American entrepreneur and sports media personality with an estimated net worth of $120 million. Portnoy is famous as the founder of Barstool, a sports and pop culture blog. In 2003, he founded Barstool as a print publication. He has so far, sold shares of Barstool Sports to The Chernin Group and Penn National Gaming.
Following the sales of a 36% stake in the company to The Chernin Group, Portnoy still runs the site and is responsible for its creative content. In the company, Portnoy is known as “El Presidente”, a portrayal of a blunt and candid character.
Early Life
David Scott Portnoy was born on March 22, 1977, in Swampscott, Massachusetts, United States of America. His father is Blind Geary and his mother is Linda Geary. He was raised in a Jewish family.
For his education, Portnoy attended Swampscott High School. Following his graduation, he enrolled at the University of Michigan, graduating with a degree in education.
Career
After graduation in 1999, he went on to work at Yankee Group, a technology research firm in Boston. There, Portnoy worked there for four years before leaving and to start what eventually became Barstool Sports.
Barstool Sports was born out of the desire to have a platform available to help with analysis so as to take sports betting decisions. It was 2003, and the internet was not prominent as it is today, so it is no surprise that Barstool Sports started as a local tabloid. To fly the idea at its initial stage, Portnoy recruited his childhood friends to help him write articles. They wrote pseudonyms to make the magazine look like a huge publication with multiple writers.
His first big break for the company came in 2007 when Barstool went online. Internet users began to engage with their page and this engagement kept increasing till they began to enjoy national press coverage. As of the time of writing, the Barstool Sports website gets traction of at least 1 million visitors every month.
On January 7, 2016, The Chernin Group purchased a majority stake of Barstool, moving the company’s headquarters to New York City.
In 2020, Penn National Gaming bought a 36% stake in Barstool Sports from the founder for $163 million, including $135 million in cash and $28 million in Penn non-voting convertible preferred stock. Despite selling the company, Portnoy continues to run the sister and retains creative control over the content.
He also reviews take-out pizzas and service delivery of take-out pizza joints in Manhattan.
Personal Life
Is David Portnoy in a relationship? As of the time of writing, David Portnoy is dating Silvana Mojica, a Colombian model, and former Miss Universe. Previously, Portnoy was married to Renee Satherthwaite. The couple which tied the knot in 2009 parted ways in January 2017.
Social Media Accounts
David Portnoy has an impressive number of fans on his social media pages where he shares a bit of his personal life and work-related stuff. As of the time of writing, Portnoy has over 4 million Instagram followers. On Facebook, Portnoy has over 1.8 million followers. He also has over 2.7 million Twitter followers.
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David Portnoy Net Worth, Salary and Earnings 2023
As of February 2023, David Portnoy has an estimated net worth of $120 million. He earns his net worth from the sales of his company, Barstool. Portnoy also holds shares in Penn and Barstool.
David Portnoy’s Real Estate
Portnoy also has numerous investments in real estate. In November 2015, Portnoy paid $2 million for a four-bedroom Nantucket home. In April 2021, Portnoy bought a waterfront home in Miami for $14 million on North Bayshore Drive. The mansion has nine bedrooms, eight-and-a-half bathrooms
In January 2022, Dave splashed $9.75 million for a Hampton beach house.
Summary
David Portnoy is an American entrepreneur and sports media personality with an estimated net worth of $120 million. Portnoy is famous as the founder of Barstool, a sports and pop culture blog. In 2003, he founded Barstool as a print publication. He has so far, sold shares of Barstool Sports to The Chernin Group and Penn National Gaming.
