Oprah Winfrey lost 117 million dollar after Weight Watchers shares slumped

Oprah Winfrey who owns 10% of Weight Watchers, lost $117 million because the price of the company’s shares plummeted on the stock market with a decline of 66%.

The value of the company is now $1.2 billion lower compared to the peak moment when Oprah jumped on board.

The shares fell gradually to $ 9.68 after the company had announced the replacement of its CEO of three years, James Chambers, at the end of August. Even so, the stock is still higher than before Oprah joined the company as the third largest investor.
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The media tycoon had earned the fabulous amount of 45 million dollars in just 24 hours after announcing her collaboration with Weight Watchers in October 2015.

Weight Watchers aims to help people lose weight.