Why did Oprah Winfrey exit WeightWatchers and sell all of her stock? (2024)

Oprah Winfrey recently announced that she had stepped down from the board of WeightWatchers and had sold all her stock.

The 70-year-old presenter had been part of the setup since 2015, yet she did say that she would remain active in her participation with the organisation.

“Weight health is a critically important topic and one that needs to be addressed at a broader scale,” Oprah said. “I plan to participate in a number of public forums and events where I will be a vocal advocate in advancing this conversation.” She also said that she plans to donate her interest in WeightWatchers to the National Museum of African American History and Culture.

Oprah Winfrey has left the Weightwatchers board after revealing she uses weight loss drugs

Given the choice, only 19% of Britons would prefer to lose weight using weight loss drugs versus a group weight loss programme along the Weightwatchers lines (45%)https://t.co/CSgnQf*ckOu pic.twitter.com/uV78vck58s

— YouGov (@YouGov) March 13, 2024

Oprah and out after weight-loss drug revelation

According to Variety, the news of Oprah leaving WeightWatchers comes after the revelation that she is using a weight-loss drug. Winfrey told PEOPLE in December 2023 that she had started using the drug, which she did not name, in an attempt to lose weight.

“The fact that there’s a medically approved prescription for managing weight and staying healthier, in my lifetime, feels like relief, like redemption, like a gift, and not something to hide behind and once again be ridiculed for,” she said.

We just did the math, and:

1/2 cup Halo Top Vanilla Bean ice cream
+ diet root beer
+ 2 tbsp fat-free whipped cream

= A root beer float that's only 2 Points 😎

— WeightWatchers (@ww_us) January 31, 2024

‘I was actually recommending it before I was on it’

Oprah told the magazine: “I eat my last meal at 4 o’clock, drink a gallon of water a day, and use the WeightWatchers principles of counting points. I had an awareness of [weight-loss] medications, but felt I had to prove I had the willpower to do it. I now no longer feel that way. I was actually recommending it to people long before I was on it myself.”

Winfrey, according to Variety, owns “about 1.1 million shares of WW International, representing a 1.43% stake in the company, according to data provider FactSet.” At the stock price at the time of writing, it is worth less than $3.5 million. Her initial investment for 6.4 million shares of the company totaled $43.2 million. WeightWatchers said it is “supportive of Ms. Winfrey’s proposal” to donate all of her WW stock to the NMAAHC, which will happen in March 2024.

Why did Oprah Winfrey exit WeightWatchers and sell all of her stock? (1)

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Following the news that she had stepped down from WeightWatchers, Winfrey released a statement saying “I look forward to continuing to advise and collaborate with WeightWatchers and CEO Sima Sistani in elevating the conversation around recognizing obesity as a chronic condition, working to reduce stigma, and advocating for health equity.”

Oprah Winfrey is set to feature on the Jimmy Kimmel Live! show, hosted by Kimmel, who also presented the recent Academy Awards.

Why did Oprah Winfrey exit WeightWatchers and sell all of her stock? (2024)

FAQs

Why did Oprah Winfrey exit WeightWatchers and sell all of her stock? ›

Oprah and out after weight-loss drug revelation

Why did Oprah quit WeightWatchers? ›

Oprah Winfrey resigned from the WeightWatchers board after almost 10 years to avoid a conflict of interest. During her appearance on "Jimmy Kimmel Live!" last week, Winfrey explained why she stepped down ahead of her upcoming special, "An Oprah Special: Shame, Blame and the Weight Loss Revolution."

Why did WeightWatchers stock drop so much? ›

There was some confusion in the market over the financial issues and risk of bankruptcy which contributed to pressure on the stock, with at least one Wall Street research report this week indicating that WeightWatchers had hired lawyers.

Did Oprah take Ozempic to lose weight? ›

Winfrey, who in December admitted to using weight loss medication, empathized with the guests who shared why they turned to prescription medications such as Ozempic, Mounjaro, Victoza and Wegovy. "This is what I got for the first time after I took the medication.

Did Oprah Winfrey sell WeightWatchers? ›

Oprah Winfrey recently announced that she had stepped down from the board of WeightWatchers and had sold all her stock. The 70-year-old presenter had been part of the setup since 2015, yet she did say that she would remain active in her participation with the organisation.

How did Oprah lose all her weight? ›

Now, she said that she uses weight loss medication in combination with hiking three to five miles a day, running, weight training, and eating a healthy diet.

Why are they closing WeightWatchers? ›

Reasons Behind Weight Watchers Studio Closures and Changes. Decreased attendance at in-person studios: With the rise of virtual support options, there has been a decrease in attendance at in-person studios. Members are now looking for more flexible options to support their weight loss goals.

Is WW in trouble financially? ›

WW International's odds of distress is under 31% at this time. It has slight probability of undergoing some form of financial straits in the near future.

Is WeightWatchers a rip off? ›

Plus, studies have found that WeightWatchers is an effective way to lose weight and keep it off. While it's not right for everyone, WeightWatchers is an evidence-based weight loss program that is worth considering to help you meet your health and wellness goals.

How did Kelly Clarkson lose all her weight? ›

During an interview with “The View” host Whoopi Goldberg on Monday's “The Kelly Clarkson Show,” Clarkson admitted to taking a weight loss drug to lose weight. In January, Clarkson told People magazine that diet and exercise helped her slim down. She made no mention of weight loss drugs.

Who is Oprah's current partner? ›

How did Adele lose weight? ›

She divided her workouts

Adele divided her workouts into several routines per day to achieve her weight loss goals. "I got quite addicted to it," she admitted to British Vogue in 2021. “So I do my weights in the morning, then I normally hike or I box in the afternoon, and then I go and do my cardio at night," she said.

Why is Oprah leaving WW Board? ›

Last month, Winfrey departed the company's board of directors after disclosing her use of weight loss medication in 2023.

Why did Oprah break with WeightWatchers? ›

Oprah Winfrey revealed she left the board of WeightWatchers after nearly a decade because of her upcoming special about prescription weight loss medications.

Is Whoopi on Ozempic? ›

Goldberg is one of many celebrities who've said they use Ozempic or another weight loss drug. Clarkson and Winfrey are among them, along with Charles Barkley, Billie Jean King and Jon Gosselin.

Why did WeightWatchers get sued? ›

FTC Takes Action Against Company Formerly Known as Weight Watchers for Illegally Collecting Kids' Sensitive Health Data | Federal Trade Commission.

Why did WeightWatchers change their name to WW? ›

In September 2018, the Company rebranded as WW to reflect the broadened role it plays in helping people lead healthier lives. WW is committed to helping people to lose weight, eat healthier, move more, shift their mindset, or all of the above – with science-based solutions that fit into people's lives.

Is WeightWatchers still successful? ›

Case in point: the abstract of a new WeightWatchers study published in the journal Obesity says that of 2,843 weight loss maintainers in WeightWatchers who were followed for one year, 57% continued to maintain their loss while 43% gained more than five pounds.

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