B
arstool Sports founder Dave Portnoy has made headlines with his unconventional financial arrangement with ex-wife Renee. Despite being separated for seven years, they still share a joint bank account and she has full access to his estimated $150 million fortune.
Portnoy credits Renee's unwavering support during the early days of Barstool Sports as the reason behind their unique agreement. The company, founded in 2003, has grown into an international sports, lifestyle, and entertainment media brand valued at $606 million in February 2023.
"We met when Barstool was nothing," Portnoy said. "She rode the grind up with us. She's entitled to enjoy the fruits of it." The couple never officially divorced after their initial attempt was denied by a Massachusetts judge due to an inequitable financial agreement.
Their divorce proceedings are ongoing, but they're currently separated and living in different states. Portnoy owns properties worth around $65 million across three U.S. states: Massachusetts, Florida, and New York. It's unclear if Renee has access to these homes as well as their joint bank account.
In 2021, Portnoy purchased a waterfront mansion in Miami for $13.98 million, which now estimates at $17.7 million. He also owns two adjacent homes in Nantucket, bought for $42 million in 2023, and a Montauk mansion worth $9.8 million.
Portnoy's decision to keep the joint bank account with Renee stems from her willingness to forego half of his fortune during their divorce proceedings. They're set to finalize their divorce in Florida after Renee told the judge she didn't want any part of Portnoy's wealth.
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