David Portnoy Net Worth, spouse, young children, awards, movies

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 Name	David Portnoy
Category	Politicians › Presidents
Professions	Businessperson
Net worth	$100,000,000
Date of birth	1977-03-22 (48 years old)
Nationality	United States of America
Education	Swampsott High School, University of Michigan
Father	Michael Portnoy
Mother	Linda Portnoy
Gender	Male
Social Media	↗︎ Wikipedia ↗︎ Instagram ↗︎ Twitter ↗︎ Facebook ↗︎ Imdb