Dave Portnoy claimed he has misplaced almost $20 million in his inventory portfolio after President Trump’s tariff implementation.
The Barstool Sports activities character clarified his loss on Monday’s episode of his “Davey Day Dealer” livestream after alleging he was down $7 million only some days prior.
“I went tremendous viral after I mentioned I misplaced $7 million,” he recalled. “I’d kill to be again to dropping $7 million.”
Portnoy, who reportedly has a internet price of round $150 million, speculated his price had gone down by 10 to fifteen p.c, saying, “If I needed to guess, I’m down in these final three days in all probability near [$20 million].”
“However I’m nonetheless right here. That’s the sport,” he added. “Do I prefer it? No. Am I crying like, ‘Oh, woe is me, I want I voted for Kamala [Harris],’ no.”
The businessman, 48, clarified that there’s “no political agenda” behind him mentioning his loss.
Portnoy jokingly referred to the inventory market crash as “Orange Monday” as a result of Trump was chargeable for the choice that “decimated the market.”
The media character’s feedback come after he claimed to have misplaced $7 million within the inventory market when Trump imposed tariffs on imported items for a number of nations final week.
“I’m down 7 million bucks in shares and crypto,” he mentioned through a video shared on social media.
“It’s tariff metropolis. Trump has put his tariffs far and wide. I’ve been making an attempt to grasp them — I don’t,” Portnoy continued.
“Prefer it’s extra a commerce deficit tariff. To me, like, ‘Hey, we get this a lot s–t from you, and also you get this a lot from us. Let’s even that up. Let’s get some wacky formulation, do tariffs. And every thing’s within the sh–ter due to it.”
Portnoy, nevertheless, shared he had no regrets in voting for Trump within the 2024 election.
“I voted for Trump. I believe he’s a sensible man,” he mentioned. “I believe he’s taking part in a high-stakes recreation right here. I’m gonna roll with him for a pair days, a pair weeks.”
“I’m going to offer Trump the good thing about the doubt,” Portnoy defined.
Final month, Portnoy introduced the forty fifth and forty seventh president provided him a job within the Commerce Division for his administration. Nevertheless, he declined.
