Dave Portnoy is speculating that he’s lost “probably close to $20 million” due to the new U.S. tariffs put in place by President Donald Trump.
“I went super viral when I said I lost $7 million,” Portnoy, 48, said during the Monday, April 7, episode of his “Davey Day Trader” livestream. “I’d kill to be back to losing $7 million.”
Portnoy estimated that “in these last three days” his net worth is down 10 or 15 percent. (The Barstool Sports founder has previously estimated his net worth to be around $150 million.)
“But I’m still here. That’s the game,” Portnoy continued. “Do I like it? No.”
Portnoy said that there was “no political agenda” when it came to talking about money on Monday’s livestream.
“This is a decision that one guy made that crashed the whole stock market,” he added of the tariffs implemented by the president. “That’s why we’re calling it Orange Monday.”
Portnoy first declared that he was losing money during the April 4 episode of the same livestream.
“I’m down $7 million bucks in stocks and crypto, and it’s tariff city,” he said, in part, admitting that he’s been “trying to understand” the decision behind the recent tariffs.
“Like, it’s more a trade deficit tariff,” he said. “To me, like, ‘Hey, we get this much s*** from you, and you get this much from us. Let’s even that up. Let’s get some wacky formula, do tariffs. And everything’s in the s***er because of it.”
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The stock market has been in turmoil since the tariffs were announced — on Tuesday, as another tariff deadline neared, the Dow Jones Industrial Average fell by 225 points, while the S&P 500 declined by 1.2 percent and the Nasdaq fell by 1.8 percent.
Since founding Barstool Sports in 2003, Portnoy hasn’t been quiet about publicly discussing money — especially when it comes to how much he’s making.
In May 2020, he even asked the Celebrity Net Worth website to update his profile after Penn National Gaming acquired a stake in Barstool. (They gained full control of the company in February 2023 and eventually sold the company back to Portnoy for a single dollar in August of that year.)
“Good news everybody,” Portnoy shared via X at the time. “My net worth is 100 million again.”
The businessman has also disclosed the salaries of some of his employees over the years, going viral in January after revealing that Grace O’Malley’s base salary was $175,000 before she left the company.
“Grace went on Theo Von’s podcast and sort of insinuated like we didn’t pay her fairly,” he shared at the time. “So I figured I’d just say what she made here so people can decide for themselves.”
He added, “It does bother me when people make it seem like they’re not getting paid fairly. I think we treated — as I’ve said from the beginning — Grace great.”
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