Overview

• Dave Portnoy disclosed a $20 million loss in his stock portfolio over three days, citing the impact of tariffs implemented by President Trump.
• The loss represents an estimated 10-15% reduction in Portnoy’s net worth, which he previously valued at approximately $150 million.
• Portnoy initially reported a $7 million loss last week before updating the figure to $20 million as market conditions worsened.
• He referred to the market downturn as 'Orange Monday,' directly linking the crash to the new tariff policies.
• While critical of the tariffs' economic impact, Portnoy emphasized that his commentary on the losses carries no political agenda.