Does Oprah Winfrey Still Own Part Of Weight Watchers After Losing Around $117 Million Of Her Net Wor
Highlights
- Oprah Winfrey lost $117 million from her investment in Weight Watchers when the corporate's worth tanked in 2016.
- Despite the important loss, Winfrey still owns a vital stake in the corporate and has made so much of cash total from her funding.
- Winfrey's funding in Weight Watchers made traders gain religion in the corporate, and she or he has used her business acumen to make thousands and thousands for herself and others who invested at the right time.
After many years as one of the most popular talk display hosts in historical past, Oprah Winfrey was an absolute icon. As a consequence of how a lot lovers appreciate Winfrey, it way so much when she endorses something like Laura Geller’s makeup palette.
When Winfrey hasn't been busy as a media personality, she has become a surprisingly achieved industry chief. Winfrey's business acumen made her a billionaire however now not the whole lot she touches becomes gold.
After Weight Watchers' stock price tanked, Winfrey reportedly misplaced $117 million. After taking that hit, it's fascinating to have a look at whether or not Winfrey still owns part of Weight Watchers.
How Did Oprah Winfrey Lose $117 Million From Weight Watchers?
In the trendy global, it regularly turns out like virtually everybody wants to drop weight. For that reason why, when a celeb like Brendan Fraser loses a lot of weight, onlookers want to know the way they do it.
Unfortunately for Oprah Winfrey, identical to a lot of other people everywhere the global, she has struggled with her weight. The handiest distinction is that Winfrey's weight struggles came about in front of the world, and she or he has been harshly judged for her frame some distance too regularly.
Throughout Winfrey's profession, it has continuously gave the look of the whole thing she has done has been for two functions, making money and serving to other people. During 2015, it seemed like Winfrey found a new approach to accomplish those two things at the similar time.
In October 2015, Winfrey used her immense fortune to purchase 6.4 million stocks of Weight Watchers inventory. According to reports, that ended in Winfrey owning roughly 10% of the company at that time.
Sadly for Winfrey, now not even a 12 months after she bought a large stake in Weight Watchers, the company's value tanked. In September 2016, USA Today reported that the value of Winfrey's inventory had dropped such a lot that she lost $117 million.
At that point, Weight Watchers had announced that the corporate was once changing its CEO. Upon listening to that news, the price of every share dropped 66% from the height of the stock's price. That supposed the overall price of Weight Watchers as a company had dropped $1.2 billion.
Does Oprah Winfrey Still Own Part Of Weight Watchers?
If most of the people misplaced $117 million in a question of weeks, that is the kind of thing they'd never recuperate from. However, Winfrey without a doubt isn't the moderate individual. As of the time of this writing, Celebrity Net Worth studies that Winfrey has a $3.5 billion fortune.
Since Winfrey is so extremely rich, she will be able to take a loss of $117 million from her final analysis. That mentioned, just because losing that sort of money is one thing that Winfrey can have enough money, doesn't mean that is one thing she is going to accept.
The reason why that Winfrey has become so wealthy is she is very shrewd, to say the very least. With that during mind, when Weight Watchers' stock price inventory dropped in price so significantly, many observers had been to peer Winfrey would react.
On the one hand, Winfrey may just sell her entire stake to stop the bleeding. Alternatively, Winfrey may journey out the dip and dangle directly to each and every share of Weight Watchers stock she once bought and even buy more.
Ultimately, it seems that Winfrey opted for a combination of those two plans as she held on to the inventory for a yr and a half sooner than selling some of her stake. After Weight Watchers' price took the aforementioned hit in September 2016, Winfrey waited to sell some of her stock until March 2018.
According to reports, Winfrey parted with more or less 25% of her funding in Weight Watchers which undeniably is a huge deal. At the time of the sale, Winfrey put out a observation reiterating her commitment to the company.
"I am deeply committed to Weight Watchers and continue to see a bright future for the company. I believe in Weight Watchers and I’m inspired every day by the millions of people around the world who are leading healthier and more fulfilling lives."
When the media reported that Winfrey misplaced $117 million as a result of of Weight Watchers, that used to be true strictly speaking. After all, the value of the stock that Winfrey owned was worth $117 million more in the weeks before it took a dip in 2016.
That said, if any person thinks that Winfrey's determination to buy inventory in Weight Watchers was a mistake, they're very, very unsuitable. In fact, Winfrey's funding in Weight Watchers made her a in point of fact staggering quantity of money overall.
When Winfrey to start with invested in Weight Watchers, she bought 6.4 million shares at $6.79 a share which price her $43.2 million. When Winfrey sold 25 p.c of her unique investment in Weight Watchers, she got between $58.29 to $63.94 a share.
The explanation why that the worth of Weight Watchers' stock exploded like this is simple, Winfrey. From all accounts, investors won so much of faith in the corporate as soon as Winfrey become part owner.
The cash Winfrey were given from promoting Weight Watchers inventory in 2018 on my own greatly outweighed the price she paid for her whole initial investement. A couple of years later in June 2020, Winfrey sold more Weight Watchers stock.
By that point, Winfrey had proficient part of her investment in Weight Watchers to her charitable foundation. In 2020, Winfrey and her foundation were given greater than $16 million from the Weight Watchers stock the two entities offered.
Despite promoting inventory in the company more than once, Winfrey still has an important stake in the company once referred to as Weight Watchers as of the time of this writing. On best of that, Winfrey has served as a member of WW International's Board of Directors for a few years now.
Looking again at Winfrey's history with WW International, her relationship with the corporate has had some ups and downs. That stated, the essential factor to note is that operating with WW International allowed Winfrey to make millions for herself and others who invested at the right time.
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