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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



      By Jonathan Stempel
June 2 (Reuters) - An anonymous bidder has agreed to pay
$ 3,300,100 at auction to have a private lunch with Warren
Buffett, billionaire of Berkshire Hathaway Inc
,
The best bid came almost at the end of a five-day online offer
Auction on eBay in favor of the Glide Foundation, a San
Francisco Charity serving poor, homeless people
Warfare agent abuse.
It was the third highest price in the 19 years that Buffett has
Offered lunch, near the record $ 3,456,789 bid in both 2012
and 2016 auctions. This year's auction scored 136 bids only
six bidders before the end on Friday night.
The auction will help cover $ 20 million of Glide's annual budget.
that goes towards about 750,000 free meals, accommodation,
HIV and hepatitis C tests, vocational training and day care
and extracurricular programs.
"Glide really brings people who have bottomed out and
helps bring them back, "Buffett said in a statement.
Buffett, 87, has $ 29.6 million for Glide through the
1
9 auctions. His first wife Susan, who died in 2004, introduced him Glide after volunteering there. Reverend Cecil Williams, 88, Glides charismatic co-founder, remains a minister at his affiliated church. "The $ 3.3 million is an extraordinary gift, not just that Money, but the fact that Warren Buffett gives his name and Reputation and illuminating the work of Glide, "Glides President Karen Hanrahan said by phone. "Demand for our In this city of innovation and the Wealth." The highest bidder and up to seven friends can dine with Buffett at the Smith & Wollensky Steakhouse in Manhattan. Buffett will discuss everything except what he could invest in next. Ted Weschler, a hedge fund manager, together paid $ 5.25 Millions to win the auctions in 2010 and 2011, and later joined Berkshire as one of the asset managers of Buffett. Berkshire has more than 90 companies in the insurance, Energy, Food and Retail, Industry, Railway, Real Estate and other sectors, and also invests in companies such as Apple Inc , Wells Fargo & Co. and Coca-Cola Co. 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 Einhorn, 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: Anonymous, $ 3,456,789 2013: Anonymous, $ 1,000,000 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 Editing by Paul Simao)

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