Lunch with Warren Buffett goes for $two.3 million
Discuss about a abundant food.
The winning bid on Friday to have lunch with Warren Buffett was a whopping $ two.35 million from Chinese gaming company Da Lian Zeus Amusement.
Each calendar year, Buffett auctions off an invitation to lunch on eBay ( EBAY , Tech30 ) . The proceeds go to GLIDE, a charity that runs a quantity of anti-poverty plans in San Francisco.
Final yr, Singaporean businessman Andy Chua paid out $ two.2 million to dine with Buffett. The maximum value at any time paid out for this electrical power lunch was $ 3.five million by an anonymous bidder in 2012.
The winner can bring along up to seven buddies. They generally dine at Smith & Wollensky steakhouse in New York City. Considering that 2004, Alan Stillman, founder of Smith & Wollensky, has donated at the very least $ ten,000 each year to GLIDE to host the lunch.
“The divides are obtaining bigger amongst the haves and have-nots. Mr. Buffett inspires others who have the signifies to support bridge that divide,” said Janice Mirikitani, co-founder of GLIDE.
Many bidders hope of placing a special jackpot: the likelihood to operate with Buffett. Nonetheless, in all these many years, previous fund supervisor Ted Weschler is the only particular person who went on to perform for Berkshire Hathaway ( BRKA ) soon after he gained two consecutive auctions, spending practically $ five.3 million.
Most winners may possibly not have the same fate but they are far more than content with the worldly suggestions they get from Buffett.
In excess of the past 15 several years, Buffett has helped elevate above $ twenty million for GLIDE.
Buffett joined Invoice and Melinda Gates to commence the Offering Pledge in 2010. Hundreds of billionaires have fully commited to giving absent most of their cash either in the course of their lifetimes or in their wills.
Relevant: ten much more billionaires be a part of Buffett-Gates Pledge