Entertainment Superstar Oprah Winfrey has lost a whopping $29 Million Dollars in Weight Watchers shares. Weight Watchers shares crashed Yesterday on Friday February 26th and fell down to $4.54 closing at $11.01.
Oprah Winfrey’s Weight Watchers share of nearly 6.4 Million shrunk by $29 Million but she wasn’t hit as bad as a Belgium investment that was losses up to $125 Million.
Weight Watchers Chief Financial Officer Nicholas Hotchkin blamed marketing and “Winter-Season” expenses as factors that lead to an expected first-quarter loss of 20 cents a share. he also said membership was down coming into the new year.
The earning report marked a sharp turnaround from October, When Winfrey who has had very public ups and downs with her weight over the years came aboard. She took a 10% stake of the doubled stock price with options to purchase 5% more.
The entertainment superstar tweeted a video on the popular social networking site “Twitter” last month saying “Eat bread. Lose weight. Whaaatttt?”
— Oprah Winfrey (@Oprah) January 26, 2016
However, on the positive side of things i am sure that even though this may seem to be a huge loss to the average person living life on a day to day basis, Oprah Winfrey’s net worth is way more than just that “little” $29 Million that she lost playing around in the stock market and at least she wasn’t hit as hard as that Belgium investment that lost up to $125 Million. Now THAT’S a lot of Money to lose!
Just saying, every time when you think things have gotten out of hand they could always be worse on the other side. With that being said, keep your head up Oprah Winfrey and we love you!