Oprah Winfrey Net Worth: Oprah Buys Stake in Weight Watchers, Company's Shares Soar Big Time
The Queen of Talk show and media Oprah Winfrey recently revealed to everyone how she wanted to lose weight again. However, this time, she plans to make money out of it too. The numbers are up and Winfrey's partnership with Weight Watchers just soared big time when Winfrey bought 10 percent of shares.
Winfrey is widely known to be a great influencer in a variety of aspects in life including health. Her most recent undertaking to join the Weight Watchers, a company that seeks to inspire people to live a healthier life through their methods and tools just gave the media star a few more millions in her already reported $3 billion net worth, according to Forbes.
"I believe in the program so much I decided to invest in the company and partner in its evolution," Winfrey said in a statement as quoted by the Daily Mail. After Winfrey's announcement, the company's shares rose 105 percent at $13.92, a total of $7.14 in increase as of Monday, Oct. 20, according to CBS Money Watch.
Apparently, Winfrey paid Weight Watchers $43 million for her 10 percent shares and even received an option to get an additional five percent.
"Weight Watchers and Oprah Winfrey make a powerful combination," Ray Debbane, chairman of Weight Watchers board said, per Daily Mail. "Oprah is a force of nature in connecting with people on a very personal level to live inspired lives."
Meanwhile, Winfrey's partnership with the company has given her a shift in life. "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," Winfrey said in a statement as quoted by the Daily Mail.
However the shift also includes the company as it recently revealed some few changes in its program. "We are expanding our purpose from focusing on weight loss alone to more broadly helping people lead a healthier, happier life," Jim Chambers, Weight Watchers President and CEO said in a statement via the Associated Press.
Furthermore, Winfrey's partnership with the company gave Weight Watchers a sudden advantage since it has been slowly falling in the market against its competitors including free applications like MyFitnessPal and FitBit tracker.
The company's shares were reportedly down to 75 percent since Friday, according to the Associated Press, and just rose up on Monday.
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