David Portnoy - Famous Businessperson

David Portnoy Net Worth

$100,000,000

David Portnoy is an American sports media figure and internet entrepreneur who has a net worth of $100 million. Portnoy has earned his fortune as the founder of digital sports powerhouse, Barstool Sports.

Key facts:

  • David Portnoy is the founder of digital sports powerhouse, Barstool Sports, which has grown into a popular sports media site since its launch in 2003.
  • In 2016, Portnoy sold a majority stake in Barstool Sports to The Chernin Group for $10 - $15 million. By 2018, The Chernin Group had increased its stake to 60%.
  • In January 202, Penn National Gaming acquired a 36% stake in Barstool at a valuation of $450 million. This transaction resulted in The Chernin Group's stake being reduced to 36%, matching Penn National's stake.
  • Penn National Gaming exercised its right to buy the remaining portion of Barstool in August 2022, paying a total of $387 million to acquire the 50% of the company it did not previously own.
  • Portnoy's stock holdings include convertible preferred stock in Penn National Gaming, which was valued at approximately $50 million when Penn Gaming's market cap was $10 billion. Combined with his stake in Barstool, his estimated net worth is $100 million.

Basic Information About David Portnoy

Full NameDavid Portnoy
CategoryPoliticians β€Ί Presidents
ProfessionsBusinessperson
Net worth$100,000,000
Date of birth1977-03-22 (47 years old)
NationalityUnited States of America
EducationSwampsott High School, University of Michigan
FatherMichael Portnoy
MotherLinda Portnoy
GenderMale
Social Mediaβ†—οΈŽ Wikipedia β†—οΈŽ Instagram β†—οΈŽ Twitter β†—οΈŽ Facebook β†—οΈŽ Imdb

David Portnoy's photos

Additional information of David Portnoy

DivorceRenee Satterthwaite
Eye Colorbrown
Hair Colorblonde
EthnicityCaucasian
ReligionChristianity

References & Fact Checks βœ…

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David Portnoy Famous Network

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