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.

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