Jun 20, 2022
A mystery bidder will be spending a record $19 million for the right to have lunch with legendary American investment guru Warren Buffett.
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The whopping bid, announced by eBay, came in the 21st -- and last -- such charity luncheon with the aging multi-billionaire, who is chairman and CEO of Berkshire Hathaway.
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Bidding on the eBay website opened last Sunday at a modest $25,000. But it shot up rapidly as rival bidders tried to outdo one another, finally ending Friday at a total of just over $19 million.
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The auction raises funds for Glide, which fights poverty in San Francisco. It distributes food to the homeless and helps them find shelter, medical assistance and training.
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This year's still-anonymous winner of the charity auction "has not only made history, but will spend an unforgettable afternoon with American legend Warren Buffett at a private lunch with up to seven guests at Smith & Wollensky Steakhouse in New York City," said eBay.
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The last pre-pandemic auction was won by Justin Sun, an American entrepreneur active in cryptocurrencies, who spent $4.6 million for the right to dine with Buffett, an outspoken critic of bitcoin.
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The eBay statement quoted the 91-year-old Buffett -- revered throughout the investment community as the "Oracle of Omaha" -- as saying he had "met a lot of interesting people all over the world" through the auctions.
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Buffett's net worth was estimated in March at $117 billion, according to Forbes.com.
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He joined Bill and Malinda Gates in forming a group of the ultra-wealthy who have vowed to give away half their fortunes. Buffett is estimated to have already donated some $48 billion.
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