Herbalife CEO Lost $218 Million of his Investment

Admin   |   07 January, 2015   |   909   |   3980

William "Bill" Stiritz-Herbalife's largest shareholder-has gotten absolutely annihilated on his stake in the nutritional company.

According to our estimates, he's lost around $218.8 million on his investment so far.

Stiritz is currently the CEO and chairman of the food company Post Holdings.

Herbalife-a multilevel marketing firm that sells nutrition products like weight-loss shakes and vitamins-has been at the center of a hedge fund war for over two years.

Activist investor Bill Ackman, the CEO of Pershing Square Capital, publicly announced in December 2012 that he was shorting the company to $0.