Oprah’s fortune takes a hit after she loses $39.2 million on Weigh Watchers rout

Oprah Winfrey, who owns more than 8 per cent of Weight Watchers, saw the value of her stake drop to US$122.7 million after the wellness company forecast that 2019 profit will be well short of Wall Street estimates.Jordan Strauss/Invision/AP files

The fresh batch of bad news from Weight Watchers lopped an additional US$39.2 million from the fortune of its biggest individual shareholder.

Oprah Winfrey, who owns more than 8 per cent of Weight Watchers, saw the value of her stake drop to US$122.7 million after the wellness company forecast that 2019 profit will be well short of Wall Street estimates. The value of her stock has plunged by US$435.8 million since June 20, when the shares peaked at US$103.09. She also owns options to purchase an additional 2.1 million shares.

Weight Watchers tumbled 23 per cent to US$22.65 in extended trading at 5 p.m. in New York.

Winfrey, 65, is worth US$3.4 billion, according to the Bloomberg Billionaires Index. Most of her net worth is held in cash.

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