Dave Portnoy claimed he has lost nearly $20 million in his stock portfolio after President Trump’s tariff implementation.
The Barstool Sports personality clarified his loss on Monday’s episode of his “Davey Day Trader” livestream after alleging he was down $7 million only a few days prior.
“I went super viral when I said I lost $7 million,” he recalled. “I’d kill to be back to losing $7 million.”
Portnoy, who reportedly has a net worth of around $150 million, speculated his worth had gone down by 10 to 15 percent, saying, “If I had to guess, I’m down in these last three days probably close to [$20 million].”
“But I’m still here. That’s the game,” he added. “Do I like it? No. Am I crying like, ‘Oh, woe is me, I wish 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 stock market crash as “Orange Monday” because Trump was responsible for the decision that “decimated the market.”
The media personality’s comments come after he claimed to have lost $7 million in the stock market when Trump imposed tariffs on imported goods for several countries last week.
“I’m down 7 million bucks in stocks and crypto,” he said via a video shared on social media.
“It’s tariff city. Trump has put his tariffs all over the place. I’ve been trying to understand them — I don’t,” Portnoy continued.
“Like it’s more a trade deficit tariff. To me, like, ‘Hey, we get this much s–t from you, and you get this much from us. Let’s even that up. Let’s get some wacky formula, do tariffs. And everything’s in the sh–ter because of it.”
Portnoy, however, shared he had no regrets in voting for Trump in the 2024 election.
“I voted for Trump. I think he’s a smart guy,” he said. “I think he’s playing a high-stakes game here. I’m gonna roll with him for a couple days, a couple weeks.”
“I’m going to give Trump the benefit of the doubt,” Portnoy explained.
Last month, Portnoy announced the 45th and 47th president offered him a job in the Commerce Department for his administration. However, he declined.
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