The price of a lunch with Warren Buffett: $3.3M

An auction lunch date with Berkshire Hathaway Chairman and CEO Warren Buffett might set a record this year as bids surpass $3.2million as of Friday

Proceeds go to the needs of the charity the Glide Foundation, which helps the homeless in San Francisco.

The 87-year-old chairman of Berkshire Hathaway Inc - who earlier this year placed third on the latest Forbes rich list - has been offering the exclusive meal for the past 19 years to help raise money for charity.

The price of a private lunch with investor Warren Buffett could set another record this year because the bidding is already over $3 million.

This year's winning bid is up from $2,679,001 last year and down from the record high of $3,456,789.


Mr Buffett - a world-renowned investor whose stock picks and market commentary are closely followed - has raised a total of $29.6m (£22.2m) for Glide through the auctions. His first wife, Susie, introduced him to Glide after she volunteered there. "They've been doing it for decades", Mr. Buffett said. Is yours on the list? The victor, who wishes to remain anonymous like many other previous winners, is allowed to bring his/her seven friends to the lunch with Warren Buffett at Smith & Wollensky Steakhouse at New York City. The nonprofit organization provides a variety of services, including food, shelter and child care, for people who are poor, homeless or battling substance abuse.

As they tuck into the carnivore palace's NY Cut Sirloin, Colorado Rib Steak and other dishes, diners can ask Buffett about any topic they like - except one: what's his next investment. The only subject that's off limits is what Mr. Buffett might invest in next.

Buffett's company owns more than 90 companies including insurance, furniture, railroad, jewelry, utility and candy businesses.

Follow Josh Funk online on Twitter.

Related:

Comments

Latest news

Guatemala volcano erupts, killing children as lava spews into village
Officials said the dead were so far all concentrated in three towns: El Rodeo, Alotenango and San Miguel los Lotes. Dense ash blasted out by the volcano shut down Guatemala City's worldwide airport, civil aviation said.

NASA on a Dawn mission: new orbit, new opportunities
The Dawn probe would reportedly be running out of fuel soon in this fall after its final orbit. Dawn is equipped with a fuel-efficient ion drive that allowed it to fly between asteroids.

Go Behind-the-Scenes of Mission: Impossible - Fallout’s HALO Jump Stunt
This was a jump that had to be performed three times too, since they can only shoot roughly three minutes of footage for each jump.

How to watch Cavs vs Warriors online or on TV
Kevin Love had 22 points and 10 boards for the cold-shooting Cavs, who will now try to gain some momentum back home. Meanwhile Durant, who was named finals MVP last season, scored 26 points with seven assists and nine rebounds .

In Cancer Treatments, Less Is Sometimes More
He expects treatment guidelines to quickly change based on the study, which was conducted by a research group named ECOG-ACRIN. Other less common but more serious side effects of chemotherapy include bone loss and osteoporosis, heart and vision problems.

Other news