Warren Buffett auctions off lunch to raise money for charity

Cheryl Sanders
June 10, 2017

A private lunch with billionaire Warren Buffett has been sold to the highest bidder for more than $2.6 million during an annual charity auction.

"We are very delighted and proud that Mr. Buffett has for years made sure that he participates", Cecil Williams, 87, co-founder of Glide, was quoted as saying.

The record for a lunch is more than $3.4 million.

Buffett has been holding the auction for 18 years in a row.

Buffett is the chairman, chief executive officer and biggest shareholder of Berkshire, which owns more than 60 companies, including Geico, Duracell and Dairy Queen. Last year's victor chose to remain anonymous.

As of March 2017, 86-year-old Buffett is the second wealthiest person in the United States, and the fourth wealthiest in the world, with a total net worth of $$76.2bn according to Forbes magazine. Susie Buffett had volunteered for the charity before her death in 2004.

"Everyone that has experienced Glide comes away a believer", Buffett said in a statement last month.

Glide provides meals, health care, job training, rehabilitation and housing support to the poor and homeless. As of Friday morning, bidding stood at $2 million, but there's usually a surge of bidding at the end of an eBay auction.

It's most assuredly a worthy charity, but the victor of the auction presumably gets more than just a meal at Smith & Wollensky steak house in NY and a sense of self-satisfaction. If the victor chooses to remain anonymous the lunch has sometimes been held elsewhere. If you would like to discuss another topic, look for a relevant article.

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