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Home / Business / The price of lunch with Warren Buffett: $ 3,300,100

The price of lunch with Warren Buffett: $ 3,300,100



(Reuters) – An anonymous bidder has agreed to pay $ 3,300,100 at auction for a private lunch with Warren Buffett, billionaire chairman of Berkshire Hathaway Inc.

FILE PHOTO: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire Annual Weekend in Omaha, Nebraska May 3, 2015. REUTERS / Rick Wilking / File Photo

The winning bid came just before the end of a five-day online auction on eBay in favor of the Glide Foundation, a San Francisco Charity, which serves people who are poor, homeless or who fight drug abuse.

It was the third-highest price in the 1

9 years Buffett has offered lunches, near the record $ 3,456,789 price, both at the 2012 and 2016 auctions. This year's auction drew 136 bids from just six bidders and ended on Friday night.

The auction covers Glide's $ 20 million budget, which includes approximately 750,000 complimentary meals, accommodations, HIV and hepatitis C testing, vocational training, daycare and extracurricular programs.

"Glide really takes people who have bottomed out and helps bring them back," Buffett said in a statement.

Buffett, 87, has raised $ 29.6 million for Glide through the 19 auctions.

His first wife Susan, who died in 2004, introduced him to Glide after volunteering there. Reverend Cecil Williams, 88, Glides charismatic co-founder, remains minister in his affiliated church.

"The $ 3.3 million is an extraordinary gift, not just the money, but the fact that Warren gives Buffett his name and reputation and illuminates Glide's work," said Glide president Karen Hanrahan on the phone. "The demand for our services explodes in this city of innovation and wealth."

The highest bidder and up to seven friends can dine with Buffett at the Smith & Wollensky Steakhouse in Manhattan.

Buffett will discuss everything, apart from what he could invest next.

Ted Weschler, a hedge fund manager, jointly paid $ 5.25 million to win the auctions in 2010 and 2011. He later joined Berkshire as one of Buffett's investment managers.

Berkshire has more than 90 companies in the insurance, energy, food and retail, industrial, railway, real estate and other sectors and also invests in companies such as Apple Inc., Wells Fargo & Co and Coca-Cola Co. [19659004] According to Glide, these bidders won their auctions:

2000: Pete Budlong, $ 25,000

2001: Jim Halperin and Scott Tilson, $ 20,000

2002: Jim Halperin and Scott Tilson, $ 25,000

2003 : David Unicorn, Greenlight Capital, $ 250,100

2004: Jason Choo, Singapore, $ 202,100

2005: Anonymous, $ 351,100

2006: Yongping Duan, California, $ 620,100

2007: Mohnish Pabrai, Guy Spier, Harina Kapoor, $ 650,100

2008: Zhao Danyang, Pure Heart Asset Management, China, $ 2,110,100

2009: Courtenay Wolfe, Salida Capital, Canada, $ 1,680,300

2010: Ted Weschler, $ 2,626,311

2011: Ted Weschler, $ 2,626,411

2012: Anon ym, $ 3,456,789

2013: Anonymous, $ 1, 000,100

2014: Andy Chua, Singapore, $ 2,166,766

2015: Zhu Ye, Dalian Zeus Entertainment Co., China, $ 2,345,678

2016: Anonymous , $ 3,456,789

2017: Anonymous, $ 2,679.001

2018: Anonymous, $ 3,300,100

Reporting by Jonathan Stempel in New York; Arrangement of Paul Simao


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