David Portnoy Net Worth

Introduction: 

David Portnoy Net Worth, How did the American sports media figure and internet entrepreneur accumulate his wealth? Check this article to find out more about David Portnoy Net Worth and his career.

David Portnoy Early Life

He is an American sports media figure and internet entrepreneur. David Portnoy graduated from the University of Michigan in 1999 with a degree in education. 

After college, Portnoy relocated to Boston where he worked for an IT market research company. He was married to Renee Satherthwaite from 2009 to 2017.

David Portnoy Career

David Portnoy was born on the 22nd of March, 1977 in Swampscott, Massachusetts, U.S. He formed Barstool Sports in 2003 as a print publication for the Boston metro area who offered fantasy sports predictions, gaming ads and sports coverage. 

The website was launched in 2007. In the next 10 years, the print publication would grow into an unlikely sports media powerhouse. In the peak of the website, Portnoy was known to regularly put in 10+ hour days, while still working on both Saturdays and Sundays.

However, on the website Portnoy goes by the title ‘El Presidente’ or ‘Stool Presidente’. Barstool  is a mix of snarky sports coverage and attractive women. It has been described as a mixture between ‘ESPN and Girls Gone Wild’. BarstoolSports is currently one of the most popular sports sites on the internet.

Portnoy is still 100% in control of the company’s content which eventually included podcasts, gambling content, merchandise, alcohol brands, TV shows and more. He launched a pizza review series called “One Bite with Davey Pageviews” in 2017. The agenda of the show is to review every pizza place in Manhattan.

David Portnoy Net Worth

As of today, David Portnoy Net Worth is $100 Million. David Portnoy Net Worth is earned from his career as a sports media figure and internet entrepreneur. 

In January 2016, it was reported a majority stake in Barstool had been acquired by Peter Chernin’s The Chernin Group for $10 – $15 million. By 2018, Chernin had invested $20 – 25 million to increase his stake to 60%.

Penn National Gaming acquired a 36% stake in Barstool Sports in January 2020 at a valuation of $450 million. The amount of cash transacted initially will be $163 million. 

Summary: 

David Portnoy is an American sports media figure and internet entrepreneur. He formed Barstool Sports in 2003 as a print publication for the Boston metro area. 

As of 2020, David Portnoy’s net worth is $100 Million.