Did you hear about Oprah Winfrey investing in Weight Watchers yesterday? The TV titan bought 6.4 million shares in the company, which means she now owns 10% of it. She will become a board member. And apparently Oprah still has the Midas tough: stock in Weight Watchers soared after her purchase became known.
— Oprah Winfrey (@Oprah) October 19, 2015
She also released a statement:
Weight Watchers has given me the tools to begin to make the lasting shift that I and so many of us who are struggling with weight have longed for. I believe in the program so much I decided to invest in the company and partner in its evolution.”
Hey, if you have the money, that’s the kind of thing you can do ;).
After the news came out, Weight Watchers stock rose from a little under $7 to a little under $14. Oprah made $70 million in one day! It should be noted that that’s not a huge sum to her; her estimated net worth is approximately $3 billion dollars, but it’s still impressive! Are you into Weight Watchers?
Photos by FAMEFLYNET