Oprah makes $50 million on Weight Watchers Tuesday, bringing complete haul to just about $300 million – tech2.org

Oprah makes $50 million on Weight Watchers Tuesday, bringing complete haul to just about $300 million

[ad_1]

Media magnate Oprah Winfrey is raking it in on her stake in Weight Watchers.

The firm’s shares have been up practically 20 p.c Tuesday after the weight loss program firm reported better-than-expected earnings and raised its outlook, bringing Winfrey’s potential revenue to roughly $300 million over two years. Weight Watchers inventory is up 360 p.c yr up to now.

While the surge within the firm’s inventory could also be due partly to Winfrey’s involvement, Weight Watchers continued to publish spectacular development in subscriptions. Total paid weeks grew 20 p.c yr over yr and end-of-period subscribers elevated 18 p.c with development in each main geographic section, based on the corporate.

For her half, Winfrey initially bought a 10 p.c stake within the firm — about 6.four million shares — again in 2015, when shares traded for as little as $6.79. With shares now buying and selling round $53, the media large has added practically $300 million to her authentic $43 million funding.

Winfrey, 63, nonetheless owns about 10 p.c of the corporate and has the choice to purchase an extra 5 p.c stake. As an organization board member, Winfrey continues to seem in commercials and continues drive curiosity in subscriptions.

Winfrey’s complete internet value is $three.1 billion, based on Forbes.

[ad_2]
Source hyperlink

Leave a Reply

Your email address will not be published.