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Lunch with Warren Buffett to cost $4.5 million

NEW DELHI: An anonymous bidder has agreed to pay a report $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc.

The profitable bid, which was once submitted all over a five-day online auction on eBay that ended Friday night, was once nearly one-third upper than the former report $3,456,789 bids in each the 2012 and 2016 auctions.

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Proceeds receive advantages the Glide Foundation, a charity in San Francisco's Tenderloin district that serves the poor, homeless or those struggling with substance abuse.

Buffett, 88, has raised about $34.2 million for Glide in 20 annual auctions, which started in 2000 and moved to eBay in 2003.

His first spouse Susan, who died in 2004, presented him to Glide after volunteering for the charity.

"Mr. Buffett is thrilled. We just spoke with him," Glide president Karen Hanrahan told Reuters after the auction ended. "Mr. Buffett is committed to continuing the auction as long as he's able. He has been a thought partner in thinking through Glide's future, and how to set it up for the next 50 years."

The profitable bidder and as much as seven pals can dine at the Smith & Wollensky steakhouse in Manhattan with Buffett, who says he's going to discuss anything else aside from his subsequent investments.

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This yr's auction drew 18 bids from 5 bidders.

The best bid would even be enough to shop for 15 Class A or 23,137 Class B stocks of Omaha, Nebraska-based Berkshire, whose greater than 90 businesses come with auto insurer Geico and BNSF railroad.

Past auction winners have integrated hedge fund manager David Einhorn of Greenlight Capital in 2003, and Ted Weschler, now one in every of Buffett's portfolio managers at Berkshire, in 2010 and 2011.

Glide's price range is going toward offering more or less 2,000 unfastened meals an afternoon, safe haven, HIV and Hepatitis C tests, activity training, and kids's daycare and after-school systems.

"What it means to us as an organisation: It's huge," Hanrahan stated, regarding the auction. "It's going to help many many thousands of people in this city."

According to Glide, those bidders have gained its 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, $1,000,100

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

2019: Anonymous, $4,567,888

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