Oprah Winfrey 15-lbs weight loss secret: talk show host gets $70 million on Weight Watchers deal
- comments
On a recent episode of Ellen, Oprah Winfrey revealed that she had lost 15 pounds since August 12. The billionaire host has been following the Weight Watchers diet.
Oprah's visit to Ellen can be watched on YouTube. During the talk with Ellen, Winfrey explained what made Weight Watchers different from the other diets she had tried in the past.
"Weight Watchers has given me the tools to have accountability to myself."
The popular host has also invested more than just time in losing weight. With buying a 10 percent stake in the company, she has also become a member of the company's board of directors and acts as an adviser, says Investor Place.
"I believe in the program so much I decided to invest in the company," Winfrey stated during her visit to the Ellen show.
Examiner says the host bought a total of 6.4 million shares at $6.79 per share for a total of $43 million. After word got out regarding her massive investment, share prices doubled.
According to Celebrity Health Fitness, the 61-year-old host made $70 million in a single day.
In exchange for owning a substantial part of Weight Watchers, Winfrey agreed to a five -year contract with the company. The deal involves promoting the company's list of products and services, says Examiner.
Investor Place reports indicate that the host has also agreed to work with one of the company's personal coaches and use their mobile app. The results of her program will also be revealed to the public.
Winfrey is not new to dieting. Celebrity Health & Fitness states that she had once weighted 237 pounds. She blamed emotional eating as the root cause of her weight issues.
In 1988, the talk show host reportedly lost a total of 67 pounds by following the liquid diet. She quickly gained back the lost pounds once she stopped the diet.
Oprah revealed some of her struggles in O, The Oprah Magazine. She now regrets spending so much time trying to be thin that she neglected to appreciate her good health.
According to Investor Place, Weight Watchers was built by Jean Nidetch. Residing in Queens, New York, she also struggled with her weight.
Her unpleasant experiences with following diet routines encouraged her to gather a group of her friends and offer each other advice on how to lose weight. According to PR Newswire, 19 percent of dieters follow the Weight Watchers program, compared to 11 percent for other programs.