UPDATE MAGA Backer Loses $20 Million in Stocks & Crypto Due to Trump's Tariffs
In his latest livestream, Dave Portnoy opened up about his painful loss of $7 million in stocks and crypto. Despite the setback, Portnoy isn’t backing down. Instead, he doubled down on his belief in Trump and the potential for a market rebound, stating that he'd "kill to go back to losing $7 million" if it meant he could find a way to recover.
“I’m still here! That’s the game! Do I like it? No,” Portnoy said, acknowledging the immense pressure of watching his network shrink. He estimates that about 10-15% of his wealth is gone, but he's staying on standby, optimistic that things could turn around eventually.
Portnoy also took a moment to clarify his political stance, expressing that while he doesn't regret not voting for Kamala Harris, he wishes things didn’t have to be this way. His comments reflect the complex nature of navigating massive financial losses, political preferences, and the ups and downs of being in the public eye.
Despite the pain of losing millions, Portnoy seems to take a “roll with the punches” attitude, pushing forward without regret. For those following his journey, it’s a reminder that even the most successful entrepreneurs experience major setbacks—but resilience often makes all the difference.
We’ll be keeping our eyes out for any updates—financial, political, or otherwise.