Dave Portnoy, born David Scott Portnoy on March 22, 1977, is an American businessman and social media character identified for founding Barstool Sports activities Inc.

He’s the president and founding father of the corporate, which has gained reputation for its sports activities and common tradition content material.

Portnoy has a big on-line presence, with ventures just like the One Chunk Pizza Evaluations on YouTube.

He has been concerned in controversies, together with making controversial feedback and dealing with accusations of sexual misconduct.

Web value $150 million
Career Businessman, social media character
Date of start March 22, 1977
Nationality American

Youth

Portnoy attended Swampscott Excessive College and later the College of Michigan, the place he graduated with a level in training.

He started his profession at an IT market analysis agency earlier than specializing in beginning Barstool Sports activities.

In 2003, Portnoy based the corporate as a four-page sports activities newspaper distributed by hand in Boston.

Over time, Barstool Sports activities grew in reputation regardless of controversies like utilizing derogatory language and dealing with accusations of selling sexual harassment.

Web value

Portnoy’s internet value is estimated to be round $150 million.

He earned his fortune because the founding father of Barstool Sports activities, a digital sports activities media powerhouse.

Portnoy offered parts of Barstool to varied patrons over a number of transactions, with the ultimate transaction to Penn Gaming in August 2022.

In a shocking flip of occasions in August 2023, he re-acquired Barstool from Penn Gaming for a nominal worth of $1, re-establishing himself because the model’s sole proprietor.

This transfer adopted Penn Gaming’s acquisition of Barstool outright at a valuation of $390 million in 2022.

Portnoy’s internet value has fluctuated due to these transactions and his possession of Barstool Sports activities.

Establishing Barstool Sports activities

Barstool Sports activities was based in 2003 by Dave Portnoy as a small native paper distributed in Boston.

Initially centered on sports activities, playing and fantasy soccer, it rapidly gained reputation and expanded to embrace male-interest items, transitioning right into a extra lifestyle-oriented model.

By 2007, Barstool Sports activities had launched an internet site and expanded its paper distribution to varied U.S. cities like New York, Chicago and Philadelphia.

The corporate’s progress was primarily pushed by word-of-mouth, attracting investor curiosity over time.

In 2016, The Chernin Group acquired a 51% stake in Barstool Sports activities, valuing the corporate between $10 to $15 million.

Regardless of this funding, Portnoy retained full editorial management. Barstool Sports activities continued to evolve, increasing its content material to embrace comedy, satire, popular culture, politics and sports activities.

The model’s distinctive positioning has garnered each reward and criticism for its unfiltered method within the digital media panorama.

Barstool Sports activities valuation

Barstool Sports activities has had various valuations through the years. In 2020, following a spherical of fundraising, it was valued at $100 million.

Nonetheless, after a sequence of transactions, together with Penn Nationwide Gaming buying a stake within the firm and later promoting it again to founder Dave Portnoy, the valuation has fluctuated.

Barstool Sports activities was valued at $450 million after Penn Nationwide Gaming bought a 36% stake for $163 million.

Subsequently, in February 2023, the corporate was valued at $606 million when Penn acquired the remaining shares.

Regardless of these valuations, there have been arguments that Barstool Sports activities is undervalued in contrast to different media firms, with some suggesting it needs to be valued at over $5 billion primarily based on its attain and potential progress.

Penn Leisure involvement

Portnoy’s involvement with Penn Leisure has been vital. In a sequence of transactions, Penn Nationwide Gaming acquired a stake in Barstool Sports activities, valuing the corporate at $450 million.

Subsequently, in August 2023, Dave Portnoy purchased again Barstool Sports activities from Penn Leisure for a nominal sum of $1, regaining full possession of the media model.

This transfer marked the tip of their enterprise relationship.

The acquisition and subsequent sale of Barstool Sports activities had monetary implications for each events. Penn Nationwide Gaming incurred a lack of up to $850 million associated to the disposal of Barstool Sports activities.

Moreover, Penn retains the appropriate to obtain 50% of the gross proceeds if Portnoy sells or monetizes Barstool sooner or later.

Portnoy cited regulatory challenges as a motive for the separation between Barstool Sports activities and Penn Leisure.

Points like denied playing licenses due to his actions and content material had been talked about as elements influencing their choice to half methods.

With full possession of Barstool Sports activities, Portnoy expressed his intention to retain management over the model and emphasised that he won’t promote it.

This transfer permits him to function with out restrictions and proceed shaping the content material and path of Barstool Sports activities as he sees match.

Davey Day Dealer International

Portnoy’s Davey Day Dealer International persona emerged throughout the pandemic, showcasing his foray into day buying and selling.

He ventured into inventory buying and selling below this alter ego. His buying and selling actions gained consideration, with notable beneficial properties like a $600,000 unrealized revenue.

Portnoy’s inventory picks and market strikes had been carefully adopted, together with cases like buying shares of Spirit Airways Inc after a big inventory drop and subsequent refinancing.

Regardless of disclaimers that he’s not a monetary advisor however a gambler, his buying and selling endeavors have been profitable.

The Davey Day Dealer persona grew to become a outstanding characteristic in Portnoy’s media presence, attracting subscribers and followers taken with his inventory market exploits.

PFT Commenter deal

Portnoy not too long ago introduced that PFT Commenter, whose actual identify is Eric Sollenberger, has signed a brand new three-year cope with Barstool Sports activities.

This settlement was confirmed by Portnoy on social media, the place he shared the information of PFT Commenter’s prolonged contract with the corporate. 

PFT Commenter gained web fame via a parody Twitter account within the early 2010s earlier than becoming a member of Barstool Sports activities in 2016.

He co-created the satirical Pardon My Take podcast with Dan Large Cat Katz, which has turn out to be one of many world’s hottest sports activities podcasts.

Regardless of some controversies surrounding Barstool Sports activities, PFT Commenter has maintained a excessive approval ranking and even appeared as a celeb visitor picker on ESPN’s Faculty GameDay.

This new deal for PFT Commenter comes after a interval of change at Barstool Sports activities, together with the departure of CEO Erika Ayers Badan and new partnerships with platforms like Rumble and DraftKings.

Dave Portnoy PHOTO/X, previously Twitter

DraftKings partnership

Portnoy not too long ago introduced a big partnership between Barstool Sports activities and DraftKings.

This multiyear deal marks the rekindling of their relationship, with DraftKings turning into the official sports activities betting companion of Barstool Sports activities.

The settlement entails integrating DraftKings odds into Barstool’s content material and directing viewers to the sportsbook. In return, Barstool Sports activities is ready to obtain low eight figures in compensation.

This partnership follows the tip of non-compete agreements that had been in place after Portnoy repurchased Barstool from PENN Leisure in 2023.

To kick off this collaboration, Barstool and DraftKings organized a free throw contest reside stream the place viewers might take part by betting on the end result without cost, with an opportunity to win cash.

This partnership signifies a return to Barstool’s roots within the playing enterprise and highlights the strategic alignment between Barstool Sports activities and DraftKings.

TwoYay platform

Portnoy launched the TwoYay platform as a proprietary market connecting faculty athletes with manufacturers and advertisers.

This platform aimed to be essentially the most complete person base of school athletes obtainable, drawing from the Barstool Athletes community, which already included over 150,000 faculty athletes throughout varied divisions, sports activities, and states.

TwoYay was designed to facilitate endorsement offers between athletes and types with out charging charges or taking a reduce from the athlete’s aspect.

Nonetheless, after 18 months of operation, Barstool Sports activities introduced the closure of the TwoYay Market due to the quickly evolving and unpredictable nature of the NIL panorama.

The choice to shut down TwoYay was made to guarantee a constructive expertise for customers amidst the altering atmosphere.

Initially centered on athletes, there have been plans to broaden TwoYay past athletes to embrace all kinds of influencers with social followings.

Actual property properties

Portnoy’s actual property portfolio consists of a number of notable properties;

Nantucket mansion: Portnoy not too long ago acquired a waterfront mansion on Nantucket for a record-breaking $42 million.

This luxury property spans 1.2 acres and incorporates a most important residence with 4 bedrooms, a pool space, visitor quarters accessible by way of an underground tunnel, and gorgeous views of Nantucket Harbor.

Hamptons Seaside home: In 2022, Portnoy bought a seashore home within the Hamptons for $9.75 million. Located on almost a full acre of land, the property provides ocean views, a pool, and opulent facilities.

Miami Bayfront house: Portnoy owns a bayfront mansion in Miami bought for $14 million in 2021. This waterfront property boasts 9 bedrooms, eight-and-a-half loos, and sits on a 1-acre lot.

Montauk property: By his firm Stella Montauk LLC, Portnoy acquired a mansion in Montauk, New York, for roughly $9.75 million. This property is located on a 1-acre lot and provides lavish dwelling areas.

Nantucket mansion

Portnoy’s Nantucket mansion, acquired for a record-breaking $42 million, is an expensive property located on 1.2 acres close to the ocean shore in Monomoy, Nantucket.

This property features a most important dwelling with six bedrooms, 9 full baths, and two half baths, linked to a guesthouse by way of an underground tunnel.

The mansion options a number of units of accordion glass partitions that create an open really feel with the harbor, an infinity pool, varied decks and a house gymnasium.

This buy set a brand new benchmark for residential actual property on Nantucket and Massachusetts, surpassing the earlier report sale of $38 million.

Portnoy’s acquisition showcases his funding in high-end actual property and his choice for upscale properties with distinctive options just like the underground tunnel connecting completely different buildings on the property.

Entrepreneurial profession

Portnoy’s profession trajectory is marked by entrepreneurial ventures and media success.

After leaving the College of Michigan, he initially labored in gross sales however discovered it unfulfilling. In 2003, he launched Barstool Sports activities with monetary help from his mother and father, beginning as a free newspaper.

Over time, Barstool Sports activities advanced right into a outstanding sports activities media firm identified for its blogs, podcasts and video content material.

Portnoy’s modern method and controversial persona as “El Presidente” contributed to the model’s progress and recognition.

His profession additionally consists of notable initiatives just like the launch of The Barstool Fund in 2020 to help small companies throughout the COVID-19 pandemic.

Regardless of dealing with challenges like a defamation lawsuit following allegations of sexual misconduct, Portnoy has remained a outstanding determine within the media panorama.

His numerous enterprise concepts, together with ventures like reselling faculty furnishings and making a platform for Division III faculty athletes, showcase his entrepreneurial spirit and willingness to discover new alternatives.

Barstool Fund

The Barstool Fund is a charitable initiative launched by Dave Portnoy in 2020 to help small companies affected by the COVID-19 pandemic.

The fund was established to present monetary help to companies that had been struggling due to the pandemic’s financial affect.

Portnoy personally donated $500,000 to kick off the fund and inspired others to contribute.

The fund aimed to assist small companies in varied industries, together with eating places, bars and retail shops, which had been hit onerous by the pandemic’s restrictions and closures.

Private life

Portnoy married Renee Satterthwaite, often called the First Woman of Barstool Nation, in 2009, however their marriage resulted in 2017 after experiences of Portnoy’s affair with Jordyn Hamilton surfaced.

She has a background in equestrian sports activities and animal advocacy, and performed a big position in Barstool Sports activities’ success and was often called the “First Woman of Barstool Nation.”

After her divorce from Portnoy in 2017 following allegations of infidelity, Renee centered on her ardour for animals and based Renee Rescues, a company devoted to rescuing animals in want.

Portnoy’s love life continued to appeal to consideration post-divorce. He was romantically linked to Silvana Mojica beginning in 2021.

Mojica, a mannequin and advertising and marketing skilled, graduated from Florida State College with a level in advertising and marketing and works as a social media advertising and marketing assistant at Giti Inc. She can be a model ambassador for Style Nova.