Power lunch with Buffett fetches record $2.6m

clock

Warren Buffett's annual charity lunch auction raised a record $2.63m, following a week of bidding after the winner offered extra cash to break the record.

The revised winning bid for a steakhouse meal with 80-year old billionaire the Sage of Omaha beat by $100 the record set last year by an unidentified donor, according to Bloomberg. This year’s contest is the 12th benefiting San Francisco’s Glide charity. The victorious bidder, who had won the auction earlier with a pledge of $2.35m, was not immediately identified. Past winners have said they were motivated to bid by Buffett’s stature and the charitable cause their funds support. Greenlight Capital Inc.’s David Einhorn, who won the 2003 auction with a $250,100 bid, said at the time ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on US

The land of the free: Investing in the world's largest economy
US

The land of the free: Investing in the world's largest economy

'Experience is essential when it comes to investing in the US'

Darius McDermott
clock 24 November 2022 • 4 min read
US

Sanlam preps US absolute return fund with value approach

Market-neutral product to launch soon

Mike Sheen
clock 29 July 2019 • 1 min read
US

SocGen's Albert Edwards: 'Fragile' US economy will be exposed

When tax reform 'sugar rush' wears off

Tom Eckett
clock 09 November 2018 • 1 min read