Dave Portnoy Net Worth

Dave Portnoy founded Barstool Sports in 2007 as a sports and entertainment blog, writing all the content himself.

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Barstool expanded into podcasts, videos, and social media. Portnoy hired other writers and personalities.

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In 2016, Chernin Group acquired a majority stake in Barstool for $10-$15 million, allowing Barstool to expand further.

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In 2020, Penn National Gaming invested $62 million for 36% of Barstool, valuing it at $450 million. This investment paid off well for Penn.

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However, Portnoy regained full ownership of Barstool in 2023 for $1, demonstrating his desire for control.

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Portnoy has invested in real estate, stocks, cryptocurrency, and startups to diversify beyond Barstool.

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Portnoy's net worth is estimated at $150 million, mainly from his majority stake in Barstool.

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The sale and buyback of Barstool demonstrate Portnoy's business savvy and negotiation skills.

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Barstool's high valuation shows the potential for new media brands to disrupt traditional media.

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