Barstool’s Dave Portnoy says he misplaced $20 million in shares amid Trump’s tariffs: ‘That is the Recreation’
Dave Portnoy has misplaced thousands and thousands within the inventory market after Donald Trump imposed reciprocal taxes. The Barstool Sports activities founder revealed on Monday’s episode of his Davey Day Dealer livestream that he’s down $20 million, simply days after he claimed to have misplaced $7 million in his portfolio.
Barstool Sports activities founder says he misplaced $20 million on Black Monday
“I went tremendous viral after I stated I misplaced $7 million,” the 48-year-old stated, including, “I’d kill to be again to dropping $7 million.” Portnoy clarified that him mentioning his losses on his YouTube stream was not part of any “political agenda.”
The businessman, whose web price is estimated to be $150 million (in line with celebritynetworth.com), revealed that he had misplaced “most likely shut to twenty [million dollars],” which he stated was about “10 to fifteen%” of his web price in “these final three days.”
Nevertheless, Portnoy just isn’t complaining in regards to the losses. “However I’m nonetheless right here. That’s the sport,” he defined, including, “Do I prefer it? No. Am I crying like, ‘Oh, woe is me, I want I voted for Kamala [Harris],’ No.”
The web character went on to say, “’Do I want this did not go down like this?’ Sure. ‘Am I on this to become profitable?’ Sure. ‘Do I want I had that cash in my again in my funding portfolio?’ Sure.”
At one level, Portnoy joked that it was not “Black Monday” however “Orange Monday” as a result of the inventory market crashed after the president’s resolution to impose reciprocal taxes. “Trump’s tariffs have completely decimated the market,” he added.
Portnoy additional stated of the falling share costs, “This is sort of a resolution that one man made that crashed the entire inventory market,” including, “That is why we’re calling it Orange Monday, not Black Monday.”
The businessman admitted that he’s “high-quality” with the president’s resolution as a result of “Trump is making an attempt to barter with these international locations to get what he feels and if he may get it achieved, higher offers for the US.”
“So I am for that.. like that is what he thinks is in the perfect curiosity of the US. He is doing what he thinks he was elected to do. Superb. Good. I can dwell with that,” Portnoy added.
