Popular TV host Oprah Winfrey has raked in about $12 million in American company Weight Watchers’ shares after posting a tweet about losing weight while still eating bread. The 61-year-old media mogul is a shareholder in Weight Watchers.
After she posted a short video message about being able to lose 26 pounds while still eating bread, shares in the weight loss brand increased by 18%, or around $2.10 per share, within an hour. Oprah has a 15% stake in the company, according to Market Watch.
The multi-million dollar tweet shared a video link alongside a message, which read: “Eat bread. Lose weight. Whaatt? #ComeJoinMe (sic).” In the 30-second clip, Winfrey said: “I lost 26 pounds, and I have eaten bread every single day.”
Winfrey, who has a deal with the company that includes making personal endorsements, singlehandedly added nearly $150m to Weight Watchers’ market capitalisation, with her stake gaining about $12.5m in value.
{{/usCountry}}Winfrey, who has a deal with the company that includes making personal endorsements, singlehandedly added nearly $150m to Weight Watchers’ market capitalisation, with her stake gaining about $12.5m in value.
{{/usCountry}}Read: 61 quotes that sum up Oprah’s greatness
The star won’t be able to bank her profits just yet as she would have to sell her shares to get the funds. She became a spokesperson for Weight Watchers in October, following the footsteps of the likes of Jennifer Hudson and Jenny McCarthy who have previously represented the group.
Get more updates from Bollywood, Taylor Swift, Hollywood, Music and Web Series along with Latest Entertainment News at Hindustan Times.
Get more updates from Bollywood, Taylor Swift, Hollywood, Music and Web Series along with Latest Entertainment News at Hindustan Times.