After purchasing a 10% stake in Weight Watchers for a total of $43.5 million, Oprah Winfrey’s 2015 investment in the weight loss program is now worth $400 million.
When Oprah announced her investment in Weight Watchers back in October 2015, shares reportedly rose more than 80%. Also, providing insight into her 26-pound weight loss journey with the program caused company stocks to rise 20%. However, according to Black Enterprise, just a few months later Weight Watchers saw shares drop 30% after the company announced a quarterly loss of $11 million.
Consistently reporting earnings and sales, Weight Watchers has managed to top forecasts over the past few quarters, as well as seeing a spike in subscribers. As a result, stock recently surged 5%.
“Our purpose is to inspire healthy habits for real life for people, families, communities, the world,” says CEO Mindy Grossman. She added that “we want to own the healthy kitchen” and “make healthy cooking accessible to everyone.”
Oprah, who is still on the company’s board, owns nearly 5.5 million shares. But she sold about 2 million in March at prices ranging from about $58 to $64 a share. Winfrey made $110 million in the process. She also donated more than 360,000 shares to her charitable organization.
Weight Watchers shares were trading around $75 Friday (May 4) and are up an astonishing 70% this year. Winfrey invested in the stock when it was trading for less than $7.