Oprah Buys Stake In Weight Watchers

Entertainment | 10/19/2015 | 02:47 PM EDT

The media mogul puts her weight behind the storied weight loss company

Oprah Winfrey has expanded her financial portfolio, buying a stake in Weight Watchers

According to reports, Winfrey, 61, purchased a 10% stake ---6.4 million shares and being awarded options to buy 3.5 million more---in the storied weight loss company for $43.2 million. 

The deal also includes an option for O “to acquire an additional 5% of the fully diluted shares.” 

Word that Winfrey ---who according to Forbes is worth $3.1 billion--- took a stake in the company caused the company's stock to more than double to $13.92 a share. 

The one-day stock spike made the mogul an estimated $70 million. 

BET Networks’ Leading Women Defined Returns

related stories

Top 100 of 2016

Centric's counting down the best music videos of the year!

Get Real

Tamar Braxton Laughs At The Real's Ratings Struggle

The Blind Side

Kim Kardashian Blind-Sided By Kanye's Nervous Breakdown