Heres How Much Money Oprah Made on Weight Watchers in 1 Day
No one instills confidence quite like Oprah Winfrey, and when the TV personality invested big in Weight Watchers on Monday, Wall Street followed suit. Winfrey purchased a 10 stake in the weight-loss company, buying 6.4 million shares for 43 millionalong with options to buy an additional 3.5 million shares at the same price, of 6.79, the Wall Street Journal reports. After her vote of confidence, investors scrambled to get in on the action Monday, and the price doubled to 13.92 at closing. That means, on paper anyway, Oprah just made about 75 million in one day. As far as weight-related life events go, it may not be as dramatic as the iconic Oprah Winfrey Show episode in which she rolled a wagon onto the stage filled with animal fat symbolizing the 67 pounds she had recently lost, but it probably feels a whole lot better. WSJ