Oprah Winfrey’s investment into Weight Watchers International is paying off.
The media mogul sold a quarter—or around 2 million—of her shares of the company, according to Bloomberg.
The windfall made Winfrey $110 million, per reports.
Some of her shares were donated to her foundation, while it sold for $22.6 million, per Bloomberg.
Winfrey sold her shares to diversify her portfolio and will retain 75 percent of her ownership in Weight Watchers, according to the press release.
“I am deeply committed to Weight Watchers and continue to see a bright future for the company,” she said in the release. “I believe in Weight Watchers and I’m inspired every day by the millions of people around the world who are leading healthier and more fulfilling lives.”
She famously signed on to be a spokesperson for the health and wellness brand after she bought 10 percent of the company in 2015 for $43 million.
What's Your Reaction?
Teddy is a multimedia journalist who serves as the culture and political writer for EBONY. His work has appeared in NBC's Owned and Operated stations, as well as DNAInfo, which covered local neighborhood news in New York City. He received his Masters in Journalism from the Craig Newmark School of Journalism at CUNY in 2017.