Categories: NewsNews Feed

Oprah Winfrey Loses More Than $100K In Weight Watchers Stake

Oprah Winfrey‘s stake in Weight Watcher’s has plummeted $117 million since she became an investor last year.

Oprah Winfrey Loses Millions

Winfrey, a 10% owner in Weight Watchers, is feeling the effects of the company’s shares crashing 66% since November 2015. After Winfrey came on board last fall, lifting the value of Weight Watchers in the short term, the value has dropped $1.2 billion, reports USA Today.

In an effort to turn Weight Watcher’s shares around, Winfrey is reportedly trying to push for management changes. Already, it’s been announced that James Chambers, who has been the CEO for the last three years, will be replaced by the end of September.

Last October, Winfrey bought 10% of Weight Watcher International in an effort to save the long-running weight loss program.

“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 at the time. “I believe in the program so much I decided to invest in the company and partner in its evolution.”

Though Winfrey can’t be happy with how the company is performing, she is pleased with the results she’s gotten from the program. “I don’t feel like I’m on a diet that I’m ever going to go off again,” she said of Weight Watchers while walking the red carpet at the Queen Sugar premiere. “I feel like I’ll be counting points for the rest of my life.”

Chelsea Regan

Recent Posts

VIDEO EXCLUSIVE: Frankie Muniz Reveals Details About ‘The Malcolm In The Middle’ Reboot

The return to the show will supposedly see the title character, accompanied by his daughter…

5 hours ago

Arnold & Patrick Schwarzenegger Make Dashing Father-Son Appearance At ‘The White Lotus’ Season 3 Premiere

Arnold Schwarzenegger and his son, Patrick Schwarzenegger, made an appearance at the Los Angeles premiere of HBO’s The…

6 hours ago

VIDEO: CCTV Captures Seconds Before U.S. Navy Fighter Jet Crashes Into San Diego Bay, 2 Survivors Rescued

https://youtu.be/wo6Ywd0tApE Two U.S. Navy pilots were rescued after they ejected from a fighter jet that…

7 hours ago

Steve Bannon Pleads Guilty To Wire Fraud In Fake Scheme To Privately Build Border Wall

Former White House aide Steve Bannon has pled guilty to the wire fraud charges related…

7 hours ago

Rep. Nancy Mace Accuses Her Ex-Fiancé & Other Men Of Assault Against Her & Other Women In Shocking Speech On House Floor

Rep. Nancy Mace (R-South Carolina) accused her ex-fiancé, Patrick Bryant, and three other men of…

8 hours ago

George Stephanopoulos Rumored To Being Leaving ABC News After Humiliating Apology In Trump Defamation Lawsuit & Fight With David Muir

In the wake of a defamation suit with Donald Trump, Good Morning America news anchor…

8 hours ago