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David Portnoy Net Worth: How Rich is David Portnoy Actually?

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David Portnoy Net Worth

David Portnoy is an American entrepreneur and internet celebrity. He is best known to be the founder of the sports and pop culture blog called Barstool Sports which today has turned into a major media house because of its satirical content that connects very well with the young generation because of the realism present in their content. As of 2019, David Portnoy net worth is estimated to be $20 million.

Portnoy was born on March 22, 1977, in Swampscott, Massachusetts. He studied at Swampscott High School and would continue his studies by attending the University of Michigan where he would graduate in 1999 with a degree in education.

Career

Right after graduation, Portnoy started to work in sales for a company called Yankee Group in Boston. After gaining thorough experience for four years, he decided to launch his own business as that was already on his mind. This company would be Barstool Sports which initially started as a “gambling and sports” newspaper in 2003.

He is credited for the blog being the bible of bro culture. The content is very polarizing with men absolutely loving the blunt way of expressing their content. Yet, at the same time, the content has also been questioned for being too rude at times as well as sexist. They have shows such as “Guess That Ass” and “Local Smokeshow of the Day” which do attract a lot of attention but also criticism.

Over time, the company went from weekly sports betting publication into establishing itself as a major media outlet in Boston. Today, it is estimated that almost 25 percent of NHL players are daily readers of Barstool. Portnoy has always had a vision for realism and as a result, the company runs with the tagline of “For the common man, by the common man” with his belief that there is serious disruption to happen among the current media establishment.

He even developed his own character as El Presidente in the company which has made him a celebrity too. The personality that he conveys perfectly aligns with the kind of image that Barstool is trying to establish of itself. He has had many controversies with a recent one being fierce as he got into a feud with Barstool staff as they had been planning a union that Portnoy was completely against.

He says that the essence of Barstool is in the local content that connects with people of the area. Just like the dominance, they have had in Boston, Portnoy’s business model is to open as many local sites as possible. If they can see the same success as they have seen in Boston, the company could truly be worth billions. Barstool also runs a Sirius XM station, they have created a pizza review app, promote amateur boxing matches and even sell branded merchandise for added revenue.

David Portnoy Net Worth

As of 2019, David Portnoy’s net worth is estimated to be $20 million. Portnoy used to be approached by many company’s with deep pockets but he said a big NO to a majority of them. Yet, the Chernin Group would be an exception as their needs aligned with the vision that Portnoy saw for Barstool. The company would thus buy a majority stake in Barstool in 2016 with the valuation being estimated to be around $10 to $15 million.

With this sale, his net worth skyrocketed whilst still maintaining complete control over the content of Barstool. Yet, the company has been seeing even more exponential growth with the valuation now being $100 million. Portnoy has bought a home in New York for $2 Million.

Is Portnoy Married?

Portnoy was married to Renee Satherthwaite in 2009. But, the couple separated in 2017 for reasons not clarified. He was reportedly found to be cozying up with a woman back in 2016 which is predicted to have started their separation. He would later start to date Jordyn Hamilton but they would separate soon since she had been cheating on him with her SoulCycle Instructor.

 

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