'I want to stay out of jail': Oprah Winfrey reveals why she didn't let pal Ellen DeGeneres in on Weight Watchers trading after she made $45 million in one day
She made $45 million dollars in one day on the stock market.
And Oprah Winfrey was certain to talk about the perils of trading on Wall Street, and most importantly staying out of jail, while appearing on The Ellen DeGeneres Show.
The 61-year-old told Ellen, 57, that she couldn't offer her any inside information on the day she made so much money due to legalities.
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Keeping it above board: Oprah Winfrey was certain to talk about the perils of trading on Wall Street, and most importantly staying out of jail, while appearing on The Ellen DeGeneres Show
Talking about why she invested in Weight Watchers, which single handedly earned her the massive fortune, she said: 'Since August 12th I have lost 15 pounds.
'But I am excited about Weight Watchers being able to bring a healthier more holistic approach for everybody.'
She then added, explaining to Ellen why she didn't divulge the trade secrets: 'Now I didn’t tell you about it because I wanted to play the stay out of jail card.'
No funny business: The 61-year-old told Ellen, 57, that she couldn't offer her any inside information on the day she made so much money due to legalities
Ellen interjected saying: 'But did you know? Can I tell people what happened if they don’t know what happened? Do you mind?
'Okay tell them,' Oprah said.
'Okay so Oprah bought what like 10% of the company. Is that what you bought?'
'Yeah. I did,' the businesswoman said.
Success! Stock prices for the company more than doubled on Monday after news broke that the media mogul had invested $43.2million and taken a seat on the board
More money, less weight: Winfrey - who is already worth $3.1billion - said she had decided to invest after she found success following the diet plan
'So the stocks were trading at $6 a share she buys what like $40,000,000 you put in. In one day she made $45 million it doubled by the end of the day. Now had she made one phone call to me. I couldn’t have put $40 million in but I could have put a little bit of money in.'
'No but we want to stay out of jail so,' Oprah said.
'Yeah I know,' Ellen moaned, 'but you didn’t know it was gonna double you were just investing in…'
All cuddled up: Later that same day Oprah, went to a party in Santa Monica, California, where she hung out with Orlando Bloom
'No I certainty didn’t know that. I certainly didn’t know that,' Oprah was quick to add.
'It’s good that you’re not hurting anymore though. I’m so happy for you,' Ellen joked.
Stock prices for the company more than doubled on Monday after news broke that the media mogul had invested $43.2million and taken a seat on the board.
Winfrey - who is already worth $3.1billion - said she had decided to invest after she found success following the diet plan.
It's his party: Oprah also snuggled up for a photo with Laird Hamilton
The five-year deal will allow the weight loss firm to use Winfrey's name, image, likeness and endorsement for the company, its programs, products and services, subject to her approval.
She will also make appearances on the company's behalf.
Shares in the company climbed over 75 percent by 10am this morning. By close of business on Monday they had soared to $13.92 - a 105 percent increase in just one day.
The boost in share price means that Oprah's 6.4million shares in Weight Watchers have more than doubled in value. The company's board expands from nine to ten members with Winfrey's inclusion.
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