Barstool Sports' Dave Portnoy loses $20M in 3 days due to Trump's tariffs: “That’s the game”

Dave Portnoy claims he lost $20 million after Trump’s tariffs crashed the market but won’t change his vote or support.

Barstool Sports founder Dave Portnoy says he lost approximately $20 million in just three days due to President Donald Trump’s newly announced tariffs. Despite his financial setback, Portnoy says he does not regret voting for Trump and plans to stand by his decision.

The market downturn followed Trump’s rollout of “Liberation Day” tariffs, aimed at restructuring international trade but causing major turbulence in financial markets. On April 7, the S&P 500 dropped 4%, part of a three-day slide totalling a 13% drop—its worst performance since the 2008 crash.

Portnoy referred to the event as “Orange Monday” during a live stream on X (formerly Twitter), where he disclosed the extent of his personal losses.

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“I haven’t even looked, but if I had to guess, I probably lost $20 million in the last 3 days. 10–15% of my net worth — poof,” he said. “This is a decision that one guy made that crashed the whole stock market.”

He criticised Trump for golfing while the market tanked and revealed that advertisers were pulling back, possibly leading to layoffs at Barstool Sports. Still, he refused to backtrack on his political stance.

“Do I like it? No. Am I crying, 'Woe is me, I wish I voted for Kamala?' No. Do I wish this didn’t go down like this? Yes,” Portnoy said.

A separate video of Portnoy also went viral, in which he said: “I’m down 7 million bucks in stocks and crypto. It’s tariff city. Trump has put his tariffs all over the place. I’ve been trying to understand them — I don’t.”

Despite the losses, Portnoy maintains his support for Trump, stating simply, “That’s the game.”