It seems that everything Oprah Winfrey touches turns to gold.
The TV talk show queen’s 10 percent stake in Weight Watchers sent the dieting company’s stock soaring. Winfrey announced Monday she had purchased 6.4 million shares with the option to buy 3.5 million more — immediately causing its stock to more than double to $13.92 a share by day’s end.
The media mogul, already reportedly worth more than $3 billion, fattened her wallet by $70 million in the deal.
Prior to her investment, Weight Watchers’ shares had been declining for years amid competition from other dieting companies.