Category - Divorce
Dave Portnoy Reveals Surprising Financial Arrangement With Ex-Wife
Dave Portnoy dropped some shocking information about his estranged wife’s access to his substantial fortune in a recent interview with Sage Steele (via The New York Post).
Portnoy revealed that he still shares a bank account with his ex, Renee Portnoy, from whom he split in 2017 but never formally divorced. Considering Portnoy is worth an estimated $150 million, this is not insignificant. “She currently has access to all my money. If she just wanted to be like I’m taking it and be gone, she could,” he said.
But the Barstool Sports founder said he wanted to give Renee access to the account because of her support when Barstool was getting off the ground. “We met when Barstool was nothing, so she rode the grind up with us,” explained. “She was with me every step of the way, so in my mind, she’s entitled to enjoy the fruits of it…We’ve had that joint bank account forever. I trust her implicitly. She has full access for a long time,” he added.
Related: Dave Portnoy Reacts to Big Barstool Sports Shakeup
Portnoy called Renee his “best friend,” referring to their split as amicable, adding that he can’t imagine her abusing their financial arrangement because she is “far more frugal than I am.” “We always got along, it wasn’t like we had a big blowout at the end or anything. The marriage just wasn’t working out the way we wanted it to,” he explained of their split.
The couple wed in 2009 and have attempted to divorce, but their petition was denied last year by a Massachusetts judge largely due to their financial entanglements. “It was denied because she and I have a very fluid relationship with our finances,” Portnoy said. “We’ve been separated legally for a long time, but the judge said our agreement wasn’t equitable to her.’ He was like, ‘Dave you’re worth a lot more, you have to give her half.’ But she was like, ‘I don’t want half.’ So we pretty much agreed on how to do it [without the court].”
You can check out Portnoy’s full interview with Sage Steele below.