Television magnate Oprah Winfrey recently purchased a 10% stake in Weight Watchers. According to USA Today she purchased 6.4 million shares in the company stock with an option to buy 3.5 million more shares.
Oprah saw an immediate return on her investment when the price of Weight Watchers stock spiked Monday on the news that she was a major share holder.
The surge in stock price earned the billionaire a whopping $70 million today!
$70 million is peanuts for a mogul who is worth an estimated $3.1 billion, according to Forbes.
Oprah is the 2nd largest shareholder in Weight Watchers stock.
Don't you wish Oprah told you she was purchasing stock in the company? It doesn't take a genius to figure out the Weight Watchers stock price was going up when trading opened on Monday.
Yeah, that's insider trading -- and that's how Martha Stewart got locked up -- but wouldn't you take that chance if it meant earning millions in one day?
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