Oprah Winfrey explains to Ellen how she made $45 Million in One Day Investing in Weight Watchers and why she decided to give the Weight Watchers program a try. When Weight Watchers called on Oprah to get on board to help bring on more awareness, the stock was trading at around $6 per share. On the day the deal was announced, Weight Watchers more than doubled, closing near $14 per share. With her fortune, Oprah is now the third largest shareholder of Weight Watchers.
FORBES – On Oct. 19, Weight Watchers announced that Oprah Winfrey made a $43.2 million investment to buy ~10% of the company. Oprah was also granted an option to purchase another 3.5 million shares, which may potentially increase her ownership position in the company to 15%; in both cases, she has a strong incentive to stay invested in Weight Watchers for the next few years (Oprah joined the company’s board of directors shortly after the investment was announced; she also joined the Weight Watchers program and says she lost 15 pounds in 10 weeks). Since that time, the stock has been on fire: .In early trading Wednesday, Weight Watchers stock was at ~$26 per share; in the past month alone, the stock has increased by roughly 280%…READ MORE.
