(Bloomberg) — The fresh batch of bad news from Weight Watchers lopped an additional $39.2 million from the fortune of its biggest individual shareholder. Oprah Winfrey, who owns more than 8 percent of Weight Watchers, saw the value of her stake drop to $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 plunging.
To read more click here.
