Value of Oprah’s stake in Weight Watchers down $116 million

SHARE Value of Oprah’s stake in Weight Watchers down $116 million
weight_watchers_oprah_rumi.jpg

The value of Oprah Winfrey’s 10 percent stake in Weight Watchers has slipped by $116 million after reaching a high of nearly $180 million last year. | AP file photo

NEW YORK — Oprah Winfrey’s big investment in Weight Watchers has paid off so far, but her Midas touch could be in question given the company’s recent struggles.

Winfrey bought 10 percent stake in Weight Watchers for $43.2 million in October and joined the company’s board. The company’s stock more than doubled the day the purchase was announced, and by November, Winfrey’s stake was worth nearly $180 million.

Weight Watchers shares have been in a bit of a freefall since, losing more than two-thirds of their value in less than a year. The value of Winfrey’s shares is down by more than $116 million.

Weight Watchers CEO James Chambers announced Monday that he was stepping down. Winfrey is part of a committee to find a new leader.

Winfrey, who has had a very public struggle with her weight, discussed the issue in a commercial for Weight Watchers last year and in January announced that she had lost 26 pounds (12 kilos) on the program. In May, she said she didn’t think she would ever go off the plan.

Weight Watchers has faced stiff competition as people turn to popular step-counting fitness gadgets like Fitbit and free weight-loss apps in an effort to manage their weight.

The Latest
Sox go 1-for-16 with runners in scoring position, score 4 runs, but pull out doubleheader split
The proposed legislation is the latest and most significant backlash to a declaration in December by Mayor Brandon Johnson’s Board of Education that it would no longer prioritize selective schools and would refocus resources to neighborhood schools that have faced years of cuts and under-funding.
The apartment where Lynn Sweet’s father once lived was demolished to make way for the expressway. President Joe Biden has launched a new program to reconnect communities split by expressways such as the Eisenhower.
We’ve written time and time again about the scourge of gun violence in Chicago and elsewhere. Sometimes it feels as if we have nothing left to say. But the murder of another child, Ariana Molina, is reason to keep speaking out.
Concerts by Nicki Minaj, Leslie Odom Jr. and Suzanne Vega, the CineYouth Film Festival and Congo Square Theatre’s staging of “How I Learned What I Learned” are among the entertainment highlights in the week ahead.