Barstool Sports Founder Dave Portnoy’s Unconventional Financial Arrangement with Ex-Wife Revealed
Barstool Sports founder Dave Portnoy is no stranger to voicing controversial opinions—but no amount of shocking comments could have prepared his fans for the entrepreneur’s recent admission about his unique financial arrangement with his ex-wife.
Financial Freedom for Ex-Wife
The 47-year-old revealed during a recent interview with online host Sage Steele that his former spouse, Renee, still shares a bank account with him and has full access to his estimated $150 million fortune, seven years after they split.
Gratitude for Support
Portnoy explained that his decision to allow his ex-partner, whom he has never officially divorced, full freedom with his fortune was born out of a desire to thank her for the support she showed him during the early days of Barstool Sports.
A Fluid Financial Relationship
The company, which was founded in 2003 as a sports blog, was in its early stages when the couple first met. It has since grown into an international sports, lifestyle, and entertainment media brand, and was valued at $606 million in February 2023.
“We met when Barstool was nothing, so she rode the grind up with us,” Portnoy said of his ex-wife. “She was with me every step of the way. So in my mind, she’s entitled to enjoy the fruits of it.”
A Divorce That Never Was
The Barstool Sports founder went on to explain that, while the two are legally separated, a divorce has never been finalized. Their one attempt to secure a divorce did not pan out how they had planned, he added.
Properties Galore
Portnoy owns around $65 million worth of real estate in Massachusetts, Florida, and New York. He boasts properties in three different states across the U.S. (This means he could have two more attempts to file for divorce.)
Miami Mansion
In 2021, Portnoy splashed out $13,980,000 for a waterfront mansion in Miami, the Real Deal reported. The gated property had been on and off the market for years, both as a rental and for sale. It was priced at nearly $15 million when Portnoy picked it up at a discount.
Noteworthy in Nantucket
The Massachusetts native, who grew up in the North Shore town of Swampscott, picked up two adjacent homes in Nantucket for $42 million in 2023.
Hamptons Home
Although Barstool Sports was founded in Massachusetts, it’s now a media behemoth in New York City, where it has offices in the trendy borough of Brooklyn.
Conclusion
In conclusion, Dave Portnoy’s unconventional financial arrangement with his ex-wife has raised eyebrows, but it’s clear that his gratitude for her support during the early days of Barstool Sports has led to a unique financial relationship.
FAQs
Q: Why did Dave Portnoy allow his ex-wife full access to his fortune?
A: Portnoy wanted to thank his ex-wife for the support she showed him during the early days of Barstool Sports.
Q: How much is Dave Portnoy’s estimated fortune?
A: His estimated fortune is around $150 million.
Q: What is the value of Barstool Sports?
A: Barstool Sports was valued at $606 million in February 2023.
Q: How many properties does Dave Portnoy own?
A: He owns around $65 million worth of real estate in Massachusetts, Florida, and New York.
Q: What is the value of his Miami mansion?
A: The value of his Miami mansion is estimated to be around $17.7 million.
