Confidential bidder pays $3.46 million for Warren Buffett lunch

Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the not-for-profit Glide Foundation in New york city September 8, 2015.

Reuters/Lucas Jackson/File Picture

<articleLocation” > A confidential bidder concurred at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world’s most appreciated investors. Money will go to Move, a San Francisco charity that provides food, health care and other services to people who are homeless, poor or having problem with drug abuse. The five-day auction on eBay (EBAY.O) ended on Friday night. The winning bid matched the sum paid by an anonymous bidder in 2012, the most expensive single charity product offered on eBay. Buffett has actually held 17 yearly auctions for Glide, raising about $23.6 million. The Rev. Cecil Williams, co-founder of Glide and pastor given that 1963 of the Glide Memorial United Methodist Church, stated Buffett’s participation has attracted more interest in the charity, assisting it money its $17-million yearly spending plan. Slide offers services including an estimated 750,000 totally free meals, 815,000 syringes, and day care and after school programs for 450 children each year. “This one was actually among the best we’ve had in my over 50 years,” Williams, 86, stated after the auction. The successful bidder and up to 7 friends can dine with Buffett at the Smith & & Wollensky steak house in Manhattan. All topics are level playing field apart from where Buffett will invest next. Buffett, 85, is the world’s third-richest person, worth $66.5 billion, Forbes publication said. He got abundant structure Berkshire Hathaway Inc (BRKa.N) into a conglomerate with approximately 90 businesses consisting of insurance coverage, energy, chemical, garments and food business, plus a railway. Buffett is donating virtually all of his wealth to charity. The auction was developed by Buffett’s very first spouse, Susan, and continued after her death in 2004.

According to Move, the following are the winning bids in the 17 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: Confidential, $351,100 2006: Yongping Duan, California, $620,100 2007: Mohnish Pabrai, Individual Spier, Harina Kapoor, $650,100 2008: Zhao Danyang, Pure Heart Possession 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: Confidential, $3,456,789 2013: Confidential, $1,000,100 2014: Andy Chua, Singapore, $2,166,766 2015: Zhu Ye, Dalian Zeus Home entertainment Co, China, $2,345,678 2016: Confidential, $3,456,789 (Reporting by Jonathan Stempel in New York; Modifying by Janet Lawrence).

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