Power lunch with Warren Buffett sells for $3.3 Million, benefits SF church

04 June, 2018, 09:48 | Author: Regina Silva
  • Chip Somodevilla  Getty Images

She arranged the auction as a fundraiser for Glide before her death in 2004, and Buffett has continued the effort, which has raised about $30 million so far.

The chance to dine with Warren Buffett costs US$3.3 million this year.

A charity auction to have lunch with Warren Buffett stopped short of a record, with an anonymous fan bidding $3,300,100 to meet the billionaire.

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In 2012 and 2016, the eBay auction saw the opportunity sell for $3.5m (£2.6m), and the latest edition drew 136 bids from just six bidders between Monday and Friday. The victor wasn't immediately identified by organizers. Entire amount from the auction will be donated to Glide, a San Fransisco based anti-poverty charity organization. A billionaire playing the right lunch with him every year and meets with the winners of the steak house Smith & Wollensky in NY. But the trending section also proved problematic in ways that would presage Facebook's later problems with fake news, political balance and the limitations of artificial intelligence in managing the messy human world. "As the need for Glide's services continues to grow, this money allows Glide to remain a driving force for racial and economic equity in San Francisco and beyond", Karen Hanrahan, Glide President and CEO, said in a statement.

The price was the third highest in the 18 years Mr. Buffett has offered the lunch. He then scored a job with Buffett in 2011 and now helps oversee Berkshire Hathaway Inc's investments. "They've been doing it for decades", Buffett said.

"Glide really takes people who have hit rock bottom and helps bring them back".

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