Home / Business / Anonymous bidder pays $ 4.57 million for lunch with Warren Buffet

Anonymous bidder pays $ 4.57 million for lunch with Warren Buffet

Warren Buffett raised around $ 34.2 million for Glide, a foundation serving the poor and homeless.

An anonymous bidder has agreed to pay a record $ 4,567,888 for a private lunch with Warren Buffett, the billionaire, at a yearly charity auction. Chairman of Berkshire Hathaway Inc.

The highest bid on Friday night Submitted to a five-day online auction on eBay, nearly a third of the $ 3,456,789 spent so far was in the 2012 and 2016 auctions.

The proceeds go to the Glide Foundation, a charity in the Tenderloin neighborhood of San Francisco that serves the poor, the homeless or those who fight against substance abuse.

Buffett, 88, has raised approximately $ 34.2 million for Glide in 20 annual auctions that began in 1

934, and moved to eBay in 2003.

His first wife Susan, who died in 2004, introduced him to Glide after volunteering for the charity.

"Mr. Buffett is thrilled, we just talked to him," Glide Presi dent Karen Hanrahan told Reuters after the auction ended. "Mr Buffett is anxious to continue the auction as long as he can, and he was a thinker who thought about Glide's future and how it should be set up for the next 50 years."

The winner and up to Seven Friends can dine with Buffett at the Smith & Wollensky Manhattan Steakhouse. He says he'll talk about everything but his next investment.

This year's auction drew 18 bids from five bidders.

The highest bid would also be sufficient 15 Class A or 23,137 Class B Omaha, Berkshire, Nebraska, whose more than 90 companies include the auto insurer Geico and the BNSF Railway.

The hedge fund manager David Einhorn of Greenlight Capital was one of the winners of the past auctions in 2003. and Ted Weschler, now one of Buffett's portfolio managers in Berkshire, in 2010 and 2011.

Glide's budget provides for approximately 2,000 free meals per day, housing, HIV and hepatitis C testing, work training, and day care and afternoon care p rograms.

"What it means to us as an organization is huge," Hanrahan said, referring to the auction. "It will help many, many thousands of people in this city."

(Except for the headline, this story was not edited by NDTV staff and comes from a syndicated feed.)

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