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Oprah Winfrey takes great financial success as Weight Watchers storage containers



Oprah Winfrey probably felt much easier on Tuesday night – in her investment portfolio.

After WW's stockpile (formerly Weight Watchers) was nosedived in after-sales, the well-being's largest single investor was down anywhere from $ 39 million to nearly $ 48 million, reports reported.

The stock, which was priced around $ 103 per share in June, dropped to around $ 22 per share late Tuesday, reports reports.

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The drop followed that WW's CEO Mindy Grossman revealed analysts that WW would have fewer members in 201

9 than in 2018, the New York Post reported.

Grossman owed the company's winter advertising efforts, saying they didn't drive consumers the way we had hoped.

"Our marketing … needed more weight loss focused, especially in the January season," Grossman said.

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Winfrey, who famously shared stories of his personal struggle with weight during his days as an afternoon presenter from 1986 to 2011, owns more than 5 million shares in WW, according to CNBC, citing a January filing with the Securities and Exchange Commission.

It translates to over 8 percent of the company, Bloomberg reported.

Grossman said on Tuesday that Winfrey himself will be featured in WW's Future Advertising.

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"In the future I am happy to say that Oprah Winfrey will play a key role in our upcoming television and digital marketing campaign for the spring, which gives a clear message on how WW is the program that works, "Grossman said in a statement. "Together with Oprah, we also work with an initiative to galvanize and gather communities through a variety of digital and vibrant experiences and events to accelerate WW's influence and let us reach new and different audiences."

Winfre's WW investment represents only a fraction of its assets, which Forbes has estimated to be $ 2.5 billion, and the Bloomberg Billionaires index has pegged $ 3.4 billion.


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