David Portnoy net worth is
People also search for
David Portnoy Net Worth, Biography & Wiki 2017
David Portnoy was born in 1977, in Swampscott, Massachusetts and is a businessman. He became known because of his sports and men’s lifestyle blog, called “Barstool Sports”. He is nicknamed “El Pres” or “El Presidente”.
So just how rich is David Portnoy? Sources estimate his net worth is $3 million. David makes all his money from his business, which seems to be going very well, as his net worth increased by $1 million in the last three years. The main source of income is the sport blog Barstool Sports, a site “For the common man, by the common man”, as it was described by its owner. David Portnoy owns a house in Milton, Boston, and drives a 2010 Audi Quattro.
David Portnoy Net Worth $3 Million
David Portnoy graduated from the University of Michigan in 1995 and has a degree in education. He then decided to go back home, to Boston. In 1999, the businessman started working for a local technology market research firm, called Yankee Group. As he was more into gambling, he decided to focus on this area and, in 2003, he quit his job and started publishing a newspaper with just four black-and-white pages which featured gambling spreads, which he improved by writing about other topics, and in order to attract more advertisers. He started to get contracts with both local and national brands, including the Lyons Group, Bud Light and Miller Lite.
David Portnoy moved his business online, and now there are franchise sites in several important cities in the USA, such as New York, Washington, Philadelphia, Iowa, and Chicago. David Portnoy uses his site also to sell concert tickets and branded merchandise in order to grow the site’s popularity and number of visitors, and increase the site’s earnings from advertisement. He creates also a lot of controversy with some of the comments added online for the same reasons. The strategy seems to work, as in 2010 alone Portnoy’s website received $120,000 as sponsorship for the Barstool Sports’ events, including about 1.5 million unique visitors a month, who were generating five million unique page views monthly. Three years later in 2013, Barstool Sports was already having 4 million unique visitors and about 80 million page views a month. The site has a Facebook page followed by 350,000 fans and 202,000 followers on Twitter. In 2012, the blog’s worth was estimated to $900,000.
Besides the blog, David Portnoy is a racehorse owner, actually part-owner of six horses, and also likes gambling, which is in fact his first passion and the reason why he created the blog that made him famous. He declared for americasbestracing that his largest winning bet was about $10,000.
David Portnoy is not only a businessman, but also a writer. He spends about 10 hours a day in front of his laptop working on his blog.
David Portnoy spends a part of his income on charities. In 2013, Barstool Sports raised $250,000 for the victims of the Boston Marathon bombings and, in 2015, they obtained $104,000 to donate for the families of two police officers who had been killed. David Portnoy likes to keep his private life away from the public and the media. He is married to Renee Portnoy.