Dave Portnoy stated that he has lost approximately $20 million in his stock portfolio following the introduction of President Trump’s tariffs.
The host from Barstool Sports elucidated his financial setback during Monday’s "Davey Day Trader" live stream session after previously claiming he had lost around $7 million just a short time before.
I became extremely popular when I mentioned losing $7 million," he remembered. "I would do anything to return to the days of only losing $ seven million.
FOR ADDITIONAL CELEBRITY UPDATES, RECEIVE PAGE SIX DIRECTLY IN YOUR EMAIL EVERY DAY
Portnoy, who is said to have a fortune of roughly $150 million , estimated that his net worth had decreased by 10 to 15 percent, stating, "If I had to venture a guess, I've likely dropped by about [$20 million] in just these past three days."
But I'm still around. That's how it goes," he said. "Am I happy about it? Not really. Am I lamenting, 'Oh poor me, I should have voted for Kamala [Harris],' definitely not.
The 48-year-old businessman made clear that he has "no political motive" for discussing his loss.
Portnoy playfully called the stock market crash "Orange Monday" since he believed Trump’s choice led to the significant downturn of the market.
The remarks from the media figure follow his earlier claim to have lost $7 million in the stock market when Trump imposed tariffs on imported goods for several countries last week.
"I've lost 7 million dollars in stocks and cryptocurrency," he stated through a video posted on social media.
"It's all about tariffs now. Trump has spread his tariffs everywhere. I've been attempting to make sense of them — but I just can't," Portnoy went on to say.
It seems more like a trade imbalance tariff. For instance, 'We receive all these goods from you, but you barely send anything back to us. We should balance things out with some crazy equation for imposing tariffs.' As a result, everything turns into a mess.
Portnoy, nonetheless, stated that he had no qualms about having voted for Trump in the 2024 election.
I cast my ballot for Trump. He strikes me as a clever individual," he stated. "I believe he's engaged in a risky endeavor here. For a few days, maybe even a week or two, I'm going to back him.
"I'm going to afford Trump the benefit of the doubt," Portnoy clarified.
Last month, Portnoy revealed details about the 45th and 47th presidents. provided him employment with the Commerce Department For his term in office, though, he refused.
